New Mexico Statutes
§ 47-1-39 — [Mortgage or deed of trust provisions; effect.]
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.
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New Mexico § 47-1-39 ([Mortgage or deed of trust provisions; effect.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1941 Comp., § 75-137, enacted by Laws 1947, ch. 203, § 12; 1953 Comp., §
Nearby Sections
15
§ 47-1-1
"Real estate" defined§ 47-1-11
[Instruments by agent authorized.]§ 47-1-12
[Conveyance by decree or master.]§ 47-1-17
[Entailed estates.]§ 47-1-17.1
Repealed§ 47-1-20
[Remainder to unborn child.]