Terms Used In Indiana Code > Title 32 > Article 29 > Chapter 10 - Ten Year Expiration on Lien of a Series Mortgage

• Deed: The legal instrument used to transfer title in real property from one person to another.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• final maturity date of the series mortgage: means the maturity date of the last to mature of the bonds, notes, or debentures secured by a series mortgage, as the maturity date is shown of record in the original security instrument or in a supplemental indenture subsequently recorded. See Indiana Code 32-29-10-2
• Lien: A claim against real or personal property in satisfaction of a debt.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• original security instrument: means the original instrument or indenture executed to evidence a series mortgage. See Indiana Code 32-29-10-3
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• series mortgage: means any mortgage, indenture of trust, or trust deed executed to create a lien on any property, whether real or personal or both, in Indiana to secure one (1) or more series of bonds, notes, or debentures. See Indiana Code 32-29-10-1
• Statute: A law passed by a legislature.
• supplemental indenture: means an instrument or indenture executed to supplement the original security instrument, defining one (1) or more series of bonds, notes, or debentures secured, or to be secured, by the series mortgage, specifying property subject to the lien of the series mortgage or in another manner supplementing or amending the original security instrument. See Indiana Code 32-29-10-4