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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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