44-8-5. Satisfaction of real estate mortgage--Standard form.
The standard form of satisfactions of real estate mortgages is as follows:
SATISFACTION OF MORTGAGE
________ of ________ state of ________, hereby certifies, that a certain mortgage bearing date the ________ day of ________, 20__, executed by ________ to ________ of ________ upon the following real property situated in the county of ________ in the State of South Dakota, to wit, the _________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
and recorded in the office of the register of deeds of said ________ county, South Dakota, in book ________ of mortgages, page ________, on the ________ day of ________, 20__, at ________ o'clock and ________ minutes ____. M., is, with the indebtedness thereby secured, fully paid, satisfied, and discharged.
Dated this ________ day of ________, 20____.
(Signature) _____________________________
(Acknowledgment)
Source: SL 1911, ch 257, §5; RC 1919, §1566; SDC 1939, §39.0301.
Structure South Dakota Codified Laws
Chapter 08 - Real Estate Mortgages
Section 44-8-1 - Creation, renewal, or extension of mortgage of real property--Formalities required.
Section 44-8-1.1 - Real property interests subject to mortgage.
Section 44-8-1.2 - After-acquired title of real property mortgagor.
Section 44-8-1.3 - Mortgagor not bound to personal performance.
Section 44-8-1.4 - Mortgage assigned with debt.
Section 44-8-1.5 - Security of mortgage protected against mortgagor's act.
Section 44-8-3 - Standard form of real estate mortgage.
Section 44-8-4 - Assignment of real estate mortgage--Standard form.
Section 44-8-5 - Satisfaction of real estate mortgage--Standard form.
Section 44-8-9 - Mortgage of real property--Acknowledgment or proof--Certification and recording.
Section 44-8-10 - Record of mortgage--Notice to subsequent purchasers and encumbrancers.
Section 44-8-11 - Instrument intended as mortgage of real property--Recording as mortgage necessary.
Section 44-8-12 - Defeasance, to effect grant absolute on its face, must be recorded.
Section 44-8-14 - Discharge of recorded mortgage--Certificate of release, contents, recording, fee.
Section 44-8-23 - Executory contract remedies unaffected by deficiency judgment provisions.
Section 44-8-25 - Deficiency judgment provisions not applicable to outside lenders.
Section 44-8-26 - Collateral real estate mortgages.
Section 44-8-27 - Due-on-sale clause defined.
Section 44-8-28 - Inclusion of due-on-sale clause in mortgage required for enforcement.
Section 44-8-29 - Definition of terms.
Section 44-8-30 - Certificate of release--Conditions.
Section 44-8-31 - Requirements of certificate of release.
Section 44-8-32 - Execution and acknowledgment of certificate of release--Appointment of agent.
Section 44-8-33 - Certificate of release prima facie evidence--Recording.
Section 44-8-34 - Recording certificate of release in multiple counties.
Section 44-8-35 - Application of certificate of release only to certain mortgages.