New Mexico § 47-1-39 - Mortgage or deed of trust provisions; effect
Full text of New Mexico New Mexico Statutes Annotated § 47-1-39 — Mortgage or deed of trust provisions; effect, with citation guidance and answers to common questions.
§ 47-1-39. Mortgage or deed of trust provisions; effect
A deed in substance following the forms entitled “mortgage” or “deed of trust” shall
when duly executed have the force and effect of a mortgage or deed of trust by way
of mortgage to the use of the mortgagee and his heirs and assigns with mortgage covenants
and upon statutory mortgage condition as defined in the following two sections to
secure the payment of the money or the performance of any obligation therein specified. The parties may insert in such mortgage any other lawful agreement or condition.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 47-1-39
What does New Mexico Statutes Annotated § 47-1-39 cover?
Section 47-1-39 ("Mortgage or deed of trust provisions; effect") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 47-1-39?
A common citation format is "New Mexico Statutes Annotated § 47-1-39" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 47-1-39 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.