State Codes and Statutes

Statutes > South-dakota > Title-44 > Chapter-08 > Statute-44-8-1-3

44-8-1.3. Mortgagor not bound to personal performance. A real estate mortgage does not bind the mortgagor personally to perform the act for the performance of which it is a security unless there is an express covenant therein to that effect.

Source: CivC 1877, § 1727, subdiv 3; CL 1887, § 4351, subdiv 3; RCivC 1903, § 2047, subdiv 3; RC 1919, § 1551 (3); SDC 1939, § 39.0207 (3); repealed SL 1966, ch 150, § 10-102; re-enacted SL 1970, ch 251.

State Codes and Statutes

Statutes > South-dakota > Title-44 > Chapter-08 > Statute-44-8-1-3

44-8-1.3. Mortgagor not bound to personal performance. A real estate mortgage does not bind the mortgagor personally to perform the act for the performance of which it is a security unless there is an express covenant therein to that effect.

Source: CivC 1877, § 1727, subdiv 3; CL 1887, § 4351, subdiv 3; RCivC 1903, § 2047, subdiv 3; RC 1919, § 1551 (3); SDC 1939, § 39.0207 (3); repealed SL 1966, ch 150, § 10-102; re-enacted SL 1970, ch 251.