Sec. 1. (a) This section does not apply to security interests in rents and profits arising from real estate.

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Terms Used In Indiana Code 32-29-1-1

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
     (b) Unless a mortgage specifically provides that the mortgagee shall have possession of the mortgaged premises, the mortgagee is not entitled to possession of the mortgaged premises.

[Pre-2002 Recodification Citation: 32-8-11-1.]

As added by P.L.2-2002, SEC.14.

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