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§12A-9-401A.
§12A-9-401A.
Statements Pertaining to Real Estate; Legal Description; Recording and
Indexing;Fees.
(1) No filing of a financing statement, continuation statement,
termination statement, or assignment or release of a financing
statement under the provisions of subsection (1)(b) of Section 9-401
of this article shall constitute record notice of the contents thereof
against any subsequent purchaser or encumbrancer of real estate or any
interest therein unless the same contains a legal description of the
real estate adequate for the purposes of indexing in the tract indexes
of the county wherein the real estate is situated.
(2) It shall be the duty of the county clerk to cause all such
financing statements, continuation statements, termination statements,
or assignments or releases of financing statements containing an
adequate legal description to be recorded and indexed in the records
of said office in the same place and manner as a mortgage on real
estate or assignment or release thereof.
(3) The fees for filing, recording and indexing a financing statement,
continuation statement, termination statement, assignment or release
filed under the provisions of subsection (1)(b) of Section 9-401 of
this article, or procuring certified copies thereof, shall be the same
as the fees chargeable by the county clerk in respect to recording
real estate mortgages, assignments or releases, or certifying copies
thereof.
(4) The provisions of subsection (2) of Section 9-407 of this article
in respect to fees for certified copies shall not be applicable to
filings under subsection (1)(b) of Section 9-401 of this article.
(5) To effectuate the provisions of subsections (1)(b), (4) and (9) of
Section 39 of this act, a lessor of goods that are or are to become
fixtures may file a fixture filing complying with subsection (1)(b) of
Section 39 of this act, and filings related to that fixture filing,
using the terms "lessor", "lessee", or the like instead of the terms
specified in this Part. The provisions of this article relating to a
fixture filing or a filing related to it shall apply as appropriate in
conjunction with the provisions of the article on Leases with respect
to such filings.
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