South Dakota Statutes
§ 21-48-5 — Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments.
South Dakota § 21-48-5
JurisdictionSouth Dakota
Title 21JUDICIAL REMEDIES
Ch. 21-48FORECLOSURE OF REAL PROPERTY MORTGAGE BY ADVERTISEMENT
This text of South Dakota § 21-48-5 (Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 21-48-5 (2026).
Text
In cases of mortgages given to secure the payment of money by installments, each of the installments mentioned in such mortgage, after the first, shall be taken and deemed to be a separate and independent mortgage, and such mortgage, for each of such installments, may be foreclosed in the same manner, and with like effect, as if such separate mortgage were given for each subsequent installment; and a redemption of any such sale shall have like effect as if the sale for such installment had been made upon a prior, independent mortgage.
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Legislative History
CCivP 1877, § 599; CL 1887, § 5413; RCCivP 1903, § 638; RC 1919, § 2878; SDC 1939 & Supp 1960, § 37.3003.
Nearby Sections
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Damages to be reasonable.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 21-48-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/21-48-5.