sec 24.5 Release of Assignment of Rents
Chapter 24. Mortgages and Other Liens
Rule Text
When an encumbrance appears followed by an assignment of rents showing that the latter is between the same parties and is a part of the transaction referred to in the encumbrance, a release of the encumbrance without any specific mention of the assignment of rents will be sufficient.
Amendment history: /P> History: Adopted as (f.), September 1946, 17 O.B.A.J. 1372 (1946); became 6 on numbering in 1946, id . at 1578 & 1751; became 13 on renumbering in 1948, 19 O.B.A.J. 223, 225 (1948).