reglab/housing_qa huggingface dataset:
NC Gen Stat § 45-41 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-41 - Recorded deed of release of mortgagee's representative.

 45-41. Recorded deed of release of mortgagee's representative.The personal representative of any mortgagee or trustee in any mortgage or deed of trust which has heretofore or which may hereafter be registered in the manner required by the laws of this State may satisfy of record, discharge and release the same and all property thereby conveyed by deed of quitclaim, release or conveyance executed, acknowledged and recorded as is now prescribed by law for the execution, acknowledgment and registration of deeds and mortgages in this State. (1909, c. 283, s. 1; C.S., s. 2596; 2005-123, s. 1.)
NC Gen Stat § 45-42 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-42 - Satisfaction of corporate mortgages by corporate officers.

 45-42. Satisfaction of corporate mortgages by corporate officers.All security instruments executed to a corporation may be satisfied and so marked of record as by law provided for the satisfaction of security instruments, by any officer of the corporation indicating the office held. For the purposes of recordation and satisfaction, such signature shall be deemed to be a certification by the signer that he is an officer and is authorized to execute the satisfaction on behalf of such corporation. Where security instruments were marked "satisfied" on the records before the twenty-third day of February, 1909, by any president, secretary, treasurer or cashier of any corporation by such officer writing his own name and affixing thereto the title of his office in such corporation, such satisfaction is validated, and is as effective to all intents and purposes as if a deed of release duly executed by such corporation had been made, acknowledged and recorded. (1909, c. 283, ss. 2, 3; C.S., s. 2597; 1935, c. 271; 1963, c. 193; 1991, c. 647, s. 6; 2005-123, s. 1.)
NC Gen Stat § 45-42.1 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-42.1 - Corporate cancellation of lost mortgages by register of deeds.

 45-42.1. Corporate cancellation of lost mortgages by register of deeds.Upon affidavit of the secretary and treasurer of a corporation showing that the records of such corporation show that such corporation has fully paid and satisfied all of the notes secured by a security instrument executed by such corporation and such payment and satisfaction was made more than 25 years ago, and that such security instrument was made to a corporation which ceased to exist more than 25 years ago, and such affidavit shall further state that the records of such corporation show that no payments have been made on such secured obligation by the corporation executing such security instrument for 25 years, the register of deeds of the county in which such security instrument is recorded is authorized to record the affidavit. The register of deeds shall index the affidavit according to G.S. 161-22 using the names of parties stated in the affidavit and shall make reference to the recording data of the original security instrument as stated in the affidavit opposite the name of each party so indexed. Upon recording such affidavit, the said security instrument shall be deemed to be cancelled and satisfied of record: Provided, that this section shall not apply to any mortgagor corporation except those in which the State of North Carolina owns more than a majority of the capital stock and shall not apply to any security instrument in which the principal amount secured thereby exceeds the sum of fifteen thousand dollars ($15,000): Provided, such cancellation shall not bar any action to foreclose such security instrument instituted within 90 days after the same is cancelled. (1945, c. 1090; 1991, c. 114, s. 7; 2005-123, s. 1.)
NC Gen Stat § 45-42.3 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 4 - Satisfaction.|§ 45-42.3 - Automatic release of real property from ancillary security instruments.

 45-42.3. Automatic release of real property from ancillary security instruments.(a) The following definitions shall apply in this section:(1) Ancillary security instrument. - An assignment of leases with respect to the real property, an assignment of rents from or arising out of the real property, a financing statement covering fixtures on the real property that is filed in the office of the register of deeds in the county in which the real property is located, and any other document or instrument that assigns, or creates a lien on, an interest in the real property.(2) Real property. - The real property described in and encumbered by the lien of a security instrument.(b) Except as provided in subsection (c) of this section, (i) the expiration of the lien of a security instrument pursuant to G.S. 45-36.24 or the satisfaction of a security instrument of record pursuant to G.S. 45-37 shall be deemed automatically to release the real property from the operation of all ancillary security instruments that secure the same obligation or obligations secured by the security instrument and (ii) the recording of a partial release pursuant to G.S. 45-36.22 or the recording of a deed of release shall be deemed automatically to release the real property described in the partial release or deed of release from the operation of all ancillary security instruments that secure the same obligation or obligations secured by the security instrument.(c) Subsection (b) of this section shall not apply to an ancillary security instrument if (i) the ancillary security instrument secures obligations other than, or in addition to, the obligation or obligations secured by the security instrument; (ii) the security instrument, the ancillary security instrument, or the document recorded in the office of the register of deeds to satisfy the security instrument of record expressly states that the satisfaction of the security instrument of record shall not release the real property from the operation of that particular ancillary security instrument or from ancillary security instruments in general; or (iii) the security instrument, the ancillary security instrument, the partial release, or the deed of release expressly states that the partial release or deed of release shall not release real property from the operation of that particular ancillary security instrument or ancillary security instruments in general.  (2011-312, s. 14.)
NC Gen Stat § 45-43 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 5 - Miscellaneous Provisions.|§ 45-43 - Real estate mortgage loans; commissions.

 45-43. Real estate mortgage loans; commissions.Any individual or corporation authorized by law to do a real estate mortgage loan business may make or negotiate loans of money on notes secured by mortgages or deeds of trust on real estate bearing legal interest payable semiannually at maturity or otherwise, and in addition thereto, may charge, collect and receive such commission or fee as may be agreed upon for making or negotiation of any such loan, not exceeding, however, an amount equal to one and one-half percent (1 1/2%) of the principal amount of the loan for each year over which the repayment of the said loan is extended: Provided, however, the repayment of such loan shall be in annual installments extending over a period of not less than three nor more than 15 years, and that no annual installment, other than the last, shall exceed thirty-three and one-third percent (33 1/3%) of the principal amount of loans which are payable in installments extending over a period of as much as three years and less than four years, twenty-five percent (25%) of the principal amount of loans which are payable in installments extending over a period of not less than four years nor more than five years, and fifteen percent (15%) of the principal amount of loans which are payable in installments extending over a period of more than five years and not more than 15 years. This section shall only apply to the counties of Ashe, Buncombe, Caldwell, Forsyth, Gaston, Henderson, McDowell, Madison, Rutherford, Watauga, and Yancey. (Ex. Sess. 1924, c. 35; 1925, cc. 28, 209; Pub. Loc. 1925, c. 592, modified by 1927, c. 5; Pub. Loc. 1927, c. 187.)
NC Gen Stat § 45-44 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 5 - Miscellaneous Provisions.|§ 45-44 - Mortgages held by insurance companies, banks, building and loan associations, or other lending institutions.

 45-44. Mortgages held by insurance companies, banks, building and loan associations, or other lending institutions.A mortgage or deed of trust held by an insurance company, bank, building and loan association, or other lending institution shall be deemed, for the purposes of any regulatory statute applicable to such institutions, to be a first lien on the property despite the existence of prior mortgages or other liens on the same property in all cases where sufficient funds for the discharge of such prior mortgages or other liens shall have been deposited with such lending institution in trust solely for such purpose. Such funds may be deposited either in cash or in obligations of the State of North Carolina or of the United States maturing in sufficient amount on or before the date or dates that the indebtedness secured by such prior mortgages or other liens is to be paid. (1957, c. 1350.)
NC Gen Stat § 45-45 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 5 - Miscellaneous Provisions.|§ 45-45 - Spouse of mortgagor included among those having right to redeem real property.

 45-45. Spouse of mortgagor included among those having right to redeem real property.Any married person has the right to redeem real property conveyed by his or her spouse's mortgages, deeds of trust and like security instruments and upon such redemption, to have an assignment of the security instrument and the uncancelled obligation secured thereby. (1959, c. 879, s. 13.)
NC Gen Stat § 45-45.1 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 5 - Miscellaneous Provisions.|§ 45-45.1 - Release of mortgagor by dealings between mortgagee and assuming grantee.

 45-45.1. Release of mortgagor by dealings between mortgagee and assuming grantee.Except where otherwise provided in the mortgage or deed of trust or in the note or other instrument secured thereby, or except where the mortgagor, or grantor of a deed of trust otherwise consents:(1) Whenever real property which is encumbered by a mortgage or deed of trust is sold and the grantee assumes and agrees to pay such mortgage or deed of trust, and thereafter the mortgagee or secured creditor under the deed of trust gives the grantee a legally binding extension of time, or releases the grantee from liability on the obligation, the mortgagor or grantor of the deed of trust is released from any further liability on the obligation.(2) Whenever real property which is encumbered by a mortgage or deed of trust is sold and the grantee assumes and agrees to pay such mortgage or deed of trust, and thereafter the mortgagee or secured creditor under the deed of trust or trustee acting in his behalf releases any of the real property included in the mortgage or deed of trust, the mortgagor or grantor of the deed of trust is released to the extent of the value of the property released, which shall be the value at the time of the release or at the time an action is commenced on the obligation secured by the mortgage or deed of trust, whichever value is the greater.(3) Whenever real property which is encumbered by a mortgage or deed of trust is sold expressly subject to the mortgage or deed of trust, but the grantee does not assume the same, and thereafter the mortgagee or secured creditor under the deed of trust makes a binding extension of time of the mortgage or deed of trust, the mortgagor or grantor of the deed of trust is released to the extent of the value of the property at the time of the extension agreement.(4) Whenever real property which is encumbered by a mortgage or deed of trust is sold expressly subject to the mortgage or deed of trust, but the grantee does not assume the same, and thereafter the mortgagee or secured creditor under the deed of trust, or trustee acting in his behalf, releases any of the real property included in the mortgage or deed of trust, the mortgagor or grantor of the deed of trust is released to the extent of the value of the property released, which shall be the value at the time of the release or at the time an action is commenced on the obligation secured by the mortgage or deed of trust, whichever value is the greater. (1961, c. 356.)
NC Gen Stat § 45-45.2 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 5 - Miscellaneous Provisions.|§ 45-45.2 - Transfer taxes not applicable.

 45-45.2. Transfer taxes not applicable.Notwithstanding any other provision of law, no excise tax on instruments conveying an interest in real property, except that levied by Article 8E of Chapter 105 of the General Statutes, shall apply to instruments conveying an interest in property as the result of foreclosure or in lieu of foreclosure to the holder of the security interest being foreclosed or subject to being foreclosed. (1987, c. 685.)
NC Gen Stat § 45-67 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-67 - Definitions.

 45-67. Definitions.The following definitions apply in this Article:(1) Advance. - A disbursement of funds or other action that increases the outstanding principal balance owing on an obligation for the payment of money.(2) Security instrument. - A mortgage, deed of trust, or other instrument relating to real property securing an obligation or obligations to a person, firm, or corporation specifically named in such instrument for the payment of money.  (1969, c. 736, s. 1; 1989, c. 496, s. 1; 2009-197, s. 1.)
NC Gen Stat § 45-68 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-68 - Requirements.

 45-68. Requirements.A security instrument, otherwise valid, shall secure the following so as to give priority as provided in G.S. 45-70:(1) Recodified as subdivision (1b).(1a) Existing obligations that are specifically or generally identified, described, or referenced in the security instrument as being secured thereby, and all advances made at or prior to the registration of the security instrument.(1b) Future advances and future obligations that are specifically or generally identified, described, or referenced in the security instrument as being secured thereby that may from time to time be made or incurred, but only if the security instrument shows all of the following:a. That the security instrument is given wholly or partly to secure future advances and/or future obligations.b. The maximum principal amount that may be secured by the security instrument at any one time.c. The period within which future advances may be made and future obligations may be incurred, which period shall not extend more than 30 years beyond the date of the security instrument or, if the security agreement is not dated, the date the security instrument is registered.(2), (3) Repealed by Session Laws 2009-197, s. 2, effective October 1, 2009.  (1969, c. 736, s. 1; 1985, c. 457; 1989, c. 496, s. 2; 2009-197, s. 2; 2011-312, s. 16.)
NC Gen Stat § 45-69 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-69 - Fluctuation of obligations within maximum amount.

 45-69. Fluctuation of obligations within maximum amount.Unless the security instrument provides to the contrary, if the maximum amount secured by the security instrument has not been advanced or if any obligation secured thereby is paid or is reduced by partial payment, further advances may be made and additional obligations secured by the security instrument may be incurred from time to time within the time limit fixed by the security instrument. Such further advances and obligations, together with interest thereon, shall be secured to the same extent as original advances and obligations under the security instrument, if the provisions of G.S. 45-68 are complied with.  (1969, c. 736, s. 1; 2009-197, s. 3; 2011-312, s. 17.)
NC Gen Stat § 45-71 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-71 - Satisfaction of the security instrument.

 45-71. Satisfaction of the security instrument.Upon payment of all the obligations secured by a security instrument which conforms to the requirements of this Article and upon termination of all obligation to make advances, and upon written demand made by the maker of the security instrument, his successor in interest, or anyone claiming under him, the holder of the security instrument is hereby authorized to and shall make a written entry upon the security instrument showing payment and satisfaction of the instrument, which entry he shall date and sign. When the security instrument secures notes, bonds, or other undertakings for the payment of money which have not already been entered on the security instrument as paid, the holder of the security instrument, unless payment was made to him, may require the exhibition of all such evidences of indebtedness secured by the instrument marked paid before making his entry showing payment and satisfaction. (1969, c. 736, s. 1.)
NC Gen Stat § 45-72 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-72 - Termination of future optional advances.

 45-72. Termination of future optional advances.(a) The holder of a security instrument conforming to the provisions of this Article shall, at the request of the maker of the security instrument or his successor in title promptly furnish to him a statement duly executed and acknowledged in such form as to meet the requirements for the execution and acknowledgment of deeds, setting forth in substance the following:"This is to certify that the total outstanding balance of all obligations, the payment of which is secured by that certain instrument executed by____________, dated__________, recorded in book _________ at page ____ in the office of the Register of Deeds of ______ County, North Carolina, is $________, of which amount $________ represents principal.  No future advances will be made under the aforesaid instrument, except such expense as it may become necessary to advance to preserve the security now held.  This __________ day of ______________________ , 19_________ .  ____________________________   (Signature and Acknowledgment)"(b) Such statement, when duly executed and acknowledged, shall be entitled to probate and registration, and upon filing for registration shall be effective from the date of the statement. It shall have the effect of limiting the lien or encumbrance of the holder of the security instrument to the amount therein stated, plus any necessary advances made to preserve the security, and interest on the unpaid principal. It shall bar any further advances under the security instrument therein referred to except such as may be necessary to preserve the security then held as provided in G.S. 45-70(c). (1969, c. 736, s. 1; 1989, c. 496, s. 4; 1999-456, s. 59.)
NC Gen Stat § 45-73 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-73 - Cancellation of record; presentation of notes described in security instrument sufficient.

 45-73. Cancellation of record; presentation of notes described in security instrument sufficient.The provisions of G.S. 45-37 apply to discharge of record of instruments executed under this Article.  (1969, c. 736, s. 1; 2011-246, s. 6.)
NC Gen Stat § 45-74 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 7 - Instruments to Secure Future Advances and Future Obligations.|§ 45-74 - Article not exclusive.

 45-74. Article not exclusive.The provisions of this Article shall not be deemed exclusive. Nothing in this Article shall invalidate or overrule any rule of validity or priority applicable to any security instrument failing to comply with the provisions of this Article.  (1969, c. 736, s. 1; 2011-312, s. 19.)
NC Gen Stat § 45-80 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 8 - Instruments to Secure Certain Home Loans.|§ 45-80 - Priority of security instruments securing certain home loans.

 45-80. Priority of security instruments securing certain home loans.(a) Notwithstanding any other provision of law, a deed of trust or mortgage which secures a loan that complies with subsection (b) below shall have priority and continue to have priority from the time and date of registration thereof to the extent of all principal and interest secured by said deed of trust or mortgage notwithstanding that the loan may be renewed or extended one or more times and notwithstanding that the interest rate may be increased or decreased from time to time. Interest which accrues pursuant to changes in the interest rate made pursuant to a method agreed to as provided in subsection (b) below (whenever such changes are made) shall be secured and have priority from the registration of the deed of trust or mortgage and not from the time changes are made.(b) With respect to a loan referred to in subsection (a) above:(1) The parties must provide in a written instrument agreed to by the borrower at or before registration of the deed of trust or mortgage that the loan may be renewed or extended in accordance with stated terms and that the interest rate may be increased or decreased according to a stated method; and(2) The loan must be a loan described in G.S. 24-1.1A(a)(1) or (2).(c) The provisions of this section shall not be deemed exclusive and no deed of trust or mortgage or other security instrument which is otherwise valid shall be invalidated by failure to comply with the provisions of this section. (1979, 2nd Sess., c. 1182.)
NC Gen Stat § 45-82 (2021)
2021 North Carolina General Statutes|Chapter 45 - Mortgages and Deeds of Trust|Article 9 - Instruments to Secure Equity Lines of Credit.|§ 45-82 - Priority of equity line security instrument.

 45-82. Priority of equity line security instrument.An equity line security instrument shall, from the time and date of its registration, have the same priority to the extent of all advances secured by it as if the advances had been made at the time of the registration of the equity line security instrument, notwithstanding the fact that from time to time during the term of the equity line of credit no balance is outstanding. Interest that accrues on the equity line of credit and all payments made, sums advanced, and expenses incurred by the lender (i) for insurance, taxes, and assessments, (ii) to protect the lender's interest under the equity line security instrument, or (iii) to preserve and protect the value or condition of the property encumbered by the equity line security instrument shall be secured by the equity line security instrument and shall have the same priority as if they had been accrued, paid, advanced, and incurred at the time the equity line security instrument was registered. The accrued interest, payments, advances, and expenses shall not be considered in computing the principal amount that is secured by the equity line security instrument at any one time.  (1985, c. 207, s. 2; 2011-312, s. 21.)