Nev. Rev. Stat. § 106.040
This is the official text of Nev. Rev. Stat. § 106.040, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Adoption by reference in instrument
Official statutory text
1. In order to adopt by reference any of the covenants, agreements, obligations, rights and remedies in NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage whichever of the following is appropriate: (a) “The following covenants, Nos. _____, _____ and _____ (inserting the respective numbers) of NRS 106.020 , are hereby adopted and made a part of this mortgage.” (b) “The following covenants, Nos. _____, _____ and _____ (inserting the respective numbers) of NRS 106.025 , are hereby adopted and made a part of this mortgage.”
2. In order to fix the amount of counsel fees under Covenant No. 2 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 2,” and set out thereafter the percentage to be allowed.
3. In order to fix the rate of interest under Covenant No. 3 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 3,” and set out thereafter the rate of interest to be charged thereunder.
4. A mortgage, in order to fix the amount of insurance to be carried, need not reincorporate the provisions of Covenant No. 7 of NRS 106.020 or 106.025 , but may merely state the following: “Covenant No. 7,” and set out thereafter the amount of insurance to be carried.
2. In order to fix the amount of counsel fees under Covenant No. 2 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 2,” and set out thereafter the percentage to be allowed.
3. In order to fix the rate of interest under Covenant No. 3 of NRS 106.020 or 106.025 , it shall only be necessary to state in the mortgage: “Covenant No. 3,” and set out thereafter the rate of interest to be charged thereunder.
4. A mortgage, in order to fix the amount of insurance to be carried, need not reincorporate the provisions of Covenant No. 7 of NRS 106.020 or 106.025 , but may merely state the following: “Covenant No. 7,” and set out thereafter the amount of insurance to be carried.
Status: in_force · Read it on the official government site
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