§ 106.040 — Adoption by reference in instrument

1. In order to adopt by reference any of the covenants, agreements, obligations, rights and remedies in NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage whichever of the following is appropriate:
(a) “The following covenants, Nos. ....., ..... and ..... (inserting the respective numbers) of NRS 106.020 , are hereby adopted and made a part of this mortgage.”
(b) “The following covenants, Nos. ....., ..... and ..... (inserting the respective numbers) of NRS 106.025 , are hereby adopted and made a part of this mortgage.”
2. In order to fix the amount of counsel fees under Covenant No. 2 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 2,” and set out thereafter the percentage to be allowed.
3. In order to fix the rate of interest under Covenant No. 3 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 3,” and set out thereafter the rate of interest to be charged thereunder.
4. A mortgage, in order to fix the amount of insurance to be carried, need not reincorporate the provisions of Covenant No. 7 of NRS 106.020 or 106.025 , but may merely state the following: “Covenant No. 7,” and set out thereafter the amount of insurance to be carried.

Legislative History

[3:109:1927; NCL § 4332] + [4:109:1927; NCL § 4333]—(NRS A 1967, 126 )