§ 45-67. Definitions.
Article 7.
Instruments to SecureFuture Advances and Future Obligations.
§ 45‑67. Definitions.
The following definitionsapply in this Article:
(1) Advance. Adisbursement of funds or other action that increases the outstanding principalbalance owing on an obligation for the payment of money.
(2) Security instrument. A mortgage, deed of trust, or other instrument relating to real propertysecuring an obligation or obligations to a person, firm, or corporationspecifically named in such instrument for the payment of money. (1969, c. 736, s. 1; 1989,c. 496, s. 1; 2009‑197, s. 1.)