New Mexico § 47-1-39 [Mortgage or deed of trust provisions; effect.]

New Mexico Statutes

§ 47-1-39 — [Mortgage or deed of trust provisions; effect.]

New Mexico § 47-1-39

Ch. 47Property Law

Art. 1Conveyances and General Provisions

This text of New Mexico § 47-1-39 ([Mortgage or deed of trust provisions; effect.]) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 47-1-39 (2026).

Text

A deed in substance following the forms entitled "mortgage" or "deed of trust" shall when duly executed have the force and effect of a mortgage or deed of trust by way of mortgage to the use of the mortgagee and his heirs and assigns with mortgage covenants and upon statutory mortgage condition as defined in the following two sections to secure the payment of the money or the performance of any obligation therein specified. The parties may insert in such mortgage any other lawful agreement or condition.

Free access — add to your briefcase to read the full text and ask questions with AI

A deed in substance following the forms entitled "mortgage" or "deed of trust" shall when duly executed have the force and effect of a mortgage or deed of trust by way of mortgage to the use of the mortgagee and his heirs and assigns with mortgage covenants and upon statutory mortgage condition as defined in the following two sections to secure the payment of the money or the performance of any obligation therein specified. The parties may insert in such mortgage any other lawful agreement or condition.