§506-3 After-acquired real property and fixtures. The mortgage shall operate only as a contract between the parties with respect to, and shall not create a lien upon real property or fixtures acquired in any manner by the mortgagor subsequent to the execution of the mortgage, if there are not described therein such real property, such fixtures and the real property to which such fixtures are or will be affixed, unless and until the mortgagor or the mortgagee, at the time of or subsequent to the acquisition, executes and duly records in the bureau of conveyances an instrument or affidavit containing a reference to the book and page or document number where the mortgage is recorded and also a description of such real property, such fixtures and the real property to which such fixtures are or will be affixed sufficient to identify and locate the same, which description of real property may be made by describing the deed or other instrument of conveyance by which the real property was acquired or by describing the land by metes and bounds. [L 1939, c 255, §3; RL 1945, §8874; RL 1955, §196-4; am L 1966, c 18, §5(d); HRS §506-3; am L 1989, c 47, §15]
Structure Hawaii Revised Statutes
506. Mortgages of Real Property or Fixtures
506-1 Lien of mortgages of real property or fixtures; debts secured; priority.
506-2 On what property; enforceability.
506-3 After-acquired real property and fixtures.
506-4 Interests in recorded mortgages and leases.
506-5 Use and possession of mortgaged property.
506-7 Mortgages on real property, damage or destruction of collateral.
506-8 Release of mortgages of real property or fixtures and reassignment of security interests.