Okla. Stat. tit. 46, § 46-42
This is the official text of Okla. Stat. tit. 46, § 46-42, part of Oklahoma’s Stat. tit. 46, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 46,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in this act:
1. "Date of sale" means the date that the mortgagee conducts
the public auction of the property pursuant to Section 46 of this
title;
2. "Homestead" means the property that constitutes the
mortgagor's homestead according to the provisions of Section 1 of
Article XII of the Oklahoma Constitution and statutes enacted
pursuant thereto determined at the time the mortgagor makes any
election under subsection A of Section 43 of this title;
3. "Mortgage" means an instrument creating a lien upon real
estate as security for payment of a debt or other performance of an
obligation;
4. "Mortgagee" includes a successor or assignee and, if
appropriate in the context, an agent or officer or attorney for the
mortgagee;
5. "Mortgagor" means all persons who to the knowledge of the
mortgagee owe payment or other performance of the obligation secured
by the mortgage, and, for the purpose of receipt of notice, includes
a surety, guarantor or co-signer, but if the mortgagor and the owner
of the real estate are not the same person, the term means the owner
of the real estate, the obligor, or both as the context requires;
6. "Property" means the real estate subject to a mortgage; and
7. "Real estate" means any estate in, over, or under land,
including minerals, structures, fixtures, and other things which by
custom, usage, or law pass with a conveyance of land though not
described or mentioned in the instrument of conveyance.
1. "Date of sale" means the date that the mortgagee conducts
the public auction of the property pursuant to Section 46 of this
title;
2. "Homestead" means the property that constitutes the
mortgagor's homestead according to the provisions of Section 1 of
Article XII of the Oklahoma Constitution and statutes enacted
pursuant thereto determined at the time the mortgagor makes any
election under subsection A of Section 43 of this title;
3. "Mortgage" means an instrument creating a lien upon real
estate as security for payment of a debt or other performance of an
obligation;
4. "Mortgagee" includes a successor or assignee and, if
appropriate in the context, an agent or officer or attorney for the
mortgagee;
5. "Mortgagor" means all persons who to the knowledge of the
mortgagee owe payment or other performance of the obligation secured
by the mortgage, and, for the purpose of receipt of notice, includes
a surety, guarantor or co-signer, but if the mortgagor and the owner
of the real estate are not the same person, the term means the owner
of the real estate, the obligor, or both as the context requires;
6. "Property" means the real estate subject to a mortgage; and
7. "Real estate" means any estate in, over, or under land,
including minerals, structures, fixtures, and other things which by
custom, usage, or law pass with a conveyance of land though not
described or mentioned in the instrument of conveyance.
Status: in_force · Read it on the official government site
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