New Mexico Statutes 45-2-607. Nonexoneration
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A specific devise passes subject to any mortgage interest existing at the date of death without right of exoneration regardless of a general directive in the will to pay debts.
Terms Used In New Mexico Statutes 45-2-607
- Devise: To gift property by will.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.