South Dakota § 21-48-5 - Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments.
Full text of South Dakota South Dakota Codified Laws § 21-48-5 — Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments., with citation guidance and answers to common questions.
§ 21-48-5. Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments.
In cases of mortgages given to secure the payment of money by installments, each of the installments mentioned in such mortgage, after the first, shall be taken and deemed to be a separate and independent mortgage, and such mortgage, for each of such installments, may be foreclosed in the same manner, and with like effect, as if such separate mortgage were given for each subsequent installment; and a redemption of any such sale shall have like effect as if the sale for such installment had been made upon a prior, independent mortgage.
Source: CCivP 1877, § 599; CL 1887, § 5413; RCCivP 1903, § 638; RC 1919, § 2878; SDC 1939 & Supp 1960, § 37.3003.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 21-48-5
What does South Dakota Codified Laws § 21-48-5 cover?
Section 21-48-5 ("Mortgage for installments deemed separate mortgage for each installment--Effect of redemption by installments.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. 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 South Dakota § 21-48-5?
A common citation format is "South Dakota Codified Laws § 21-48-5" (South Dakota). 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 South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 21-48-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota 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 South Dakota.