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Wyo. Stat. Ann. § 34-1-136

Covenants; not implied for payment of sum secured by mortgage

Known as the Model Rule Against Perpetuities Act

The act spans §§ 34-1-101 to 34-1-159 (59 sections).

No mortgage shall be construed as implying a covenant for the payment of the sum thereby intended to be secured, where there shall be no express covenant for such payment contained in the mortgage, and, if no bond or other separate instrument to secure such payment shall be given, the remedies of the mortgagee shall be confined to the lands mentioned in the mortgage.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.