Real estate mortgages, in any form, including but not limited to, open end mortgages, collateral real estate mortgages, renegotiated rate mortgages, shared appreciation mortgages, and variable rate mortgages are authorized under the provisions of this chapter. The provisions of § 7-9-7 shall not be applicable to proceedings under this chapter.
S.D. Codified Laws § 21-49-14
Forms of mortgages authorized--Address and description requirements not applicable
Known as the One Hundred Eighty Day Redemption Mortgage Act
The act spans §§ 21–21 (31 sections).
Source: SL 1977, ch 187, § 4; SL 1981, ch 170, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.