Document Updates: North Dakota and Iowa Security Instruments
A “Waiver of Homestead” section is included in the North Dakota security instruments due to the following provision:
“A mortgage on a homestead which is executed after June 30, 1991, and which is not a purchase money contract must contain the following statement printed in a conspicuous manner:
I understand that homestead property is in many cases protected from the claims of creditors and exempt from judicial sale and that,…