North Dakota Code 35-03-10 – Mortgage for purchase price of real property prior to all liens
Current as of: 2023 | Check for updates
|
Other versions
A mortgage given for the purchase price of real property at the time of its conveyance has priority over all other liens created against the purchaser, subject to the operation of the recording laws.
Terms Used In North Dakota Code 35-03-10
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.