IC 32-28-4
    Chapter 4. Foreclosure and Expiration of a Mortgage or Vendor'sLien

IC 32-28-4-1
Limitation of actions
    Sec. 1. (a) A mortgage or vendor's lien upon real estate expires ten(10) years after the last installment of the debt secured by the lienbecomes due, as shown by the record of the lien.
    (b) An action may not be brought or maintained in the courts ofIndiana to foreclose a mortgage or enforce a vendor's lien reservedby a grantor to secure the payment of an obligation secured by themortgage or lien if the last installment of the debt secured by themortgage or lien, as shown by the record of the mortgage or lien, hasbeen due more than ten (10) years. However, a lien or mortgagedescribed in this section that was created before September 1, 1982,expires twenty (20) years after the time the last installment becomesdue, and an action may not be brought to foreclose the mortgage orenforce the vendor's lien when the last installment has been due morethan twenty (20) years.
As added by P.L.2-2002, SEC.13.

IC 32-28-4-2
Records silent as to time mortgage lien or vendor's lien due
    Sec. 2. (a) Except as provided in section 3 of this chapter, if therecord of a mortgage or lien described in section 1 of this chapterdoes not show when the debt or the last installment of the debtsecured by the mortgage or lien becomes due, the mortgage orvendor's lien expires twenty (20) years after the date on which themortgage or lien is executed.
    (b) If the date has been omitted in a mortgage or vendor's lien, themortgage or vendor's lien expires twenty (20) years after the date onwhich the mortgage or vendor's lien is recorded. Upon the request ofthe owner of record of real estate encumbered by a mortgage or lienthat has expired under this section, the recorder of the county inwhich the real estate is situated shall certify on the record that themortgage or vendor's lien is fully paid and satisfied by lapse of time,and the real estate is released from the lien.
As added by P.L.2-2002, SEC.13.

IC 32-28-4-3
Affidavits showing time and debt due
    Sec. 3. (a) If the record of a mortgage or vendor's lien to whichthis chapter applies does not show the time when the debt or the lastinstallment of the debt secured by the mortgage or vendor's lienbecomes due:
        (1) the original mortgagee;
        (2) the owner of the mortgage; or
        (3) the owner of a vendor's lien;
may file an affidavit with the recorder of the county where the

mortgage or lien is recorded, stating when the debt becomes due. Anaffidavit must be filed under this section not later than twenty (20)years after the date of the mortgage or lien, or, if the mortgage or liencontains no date of execution, not later than twenty (20) years fromthe date the mortgage or vendor's lien was recorded. Upon the filingof the affidavit, the recorder shall note in the record of the mortgageor vendor's lien that an affidavit has been filed, showing the locationwhere the affidavit is recorded.
    (b) The filing of an affidavit under subsection (a) has the sameeffect with respect to the duration of the lien of the mortgage orvendor's lien described in the affidavit and with respect to the timewithin which an action may be brought or maintained to foreclose themortgage or vendor's lien as though the time of maturity of the debtor the last installment of the debt secured by the mortgage or vendor'slien had been stated in the mortgage or vendor's lien when recorded.The affidavit is prima facie evidence of the truth of the avermentscontained in the affidavit. The lien of a mortgage or vendor's lien onthe real estate described in the affidavit expires twenty (20) yearsafter the time when the debt or the last installment of the debtsecured by the mortgage or vendor's lien becomes due, as shown bythe affidavit. Upon the expiration of a mortgage or lien as describedin this section and at the request of the real estate owner, the recorderof the county in which the affidavit is recorded shall certify on therecord of the mortgage or vendor's lien that the mortgage or vendor'slien is fully paid and satisfied by lapse of time and that the real estateis released from the lien.
    (c) The recorder shall charge a fee for filing the affidavit inaccordance with the fee schedule established in IC 36-2-7-10.
As added by P.L.2-2002, SEC.13.