N.M. Stat. § 47-1-39
This is the official text of N.M. Stat. § 47-1-39, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 47-1-39. Mortgage or deed of trust provisions; effect
Official statutory text
A deed in substance following the forms entitled “mortgage” or “deed of trust” shall when duly executed have the force and effect of a mortgage or deed of trust by way of mortgage to the use of the mortgagee and his heirs and assigns with mortgage covenants and upon statutory mortgage condition as defined in the following two sections to secure the payment of the money or the performance of any obligation therein specified. The parties may insert in such mortgage any other lawful agreement or condition.
Status: in_force
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