§ 44-8-19 Bond to redeem without paying insurance, taxes or prior liens--Action on bond to determine validity.

SD Codified L § 44-8-19 (2019) (N/A)

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44-8-19. Bond to redeem without paying insurance, taxes or prior liens--Action on bond to determine validity. In case any mortgagor, redemptioner, or judgment debtor, shall object to the payment of any such insurance premium, taxes, or prior liens on account of the incorrectness or invalidity thereof, he may file with the sheriff an indemnity bond, in an amount and with sureties to be approved by the sheriff, and thereupon the sheriff must permit redemption to be made without the payment of such insurance premiums, taxes, or prior liens so excepted to, and the purchaser may determine the correctness or validity thereof and collect the same by an action directly upon such bond, which action must be brought within one year next following such redemption.

Source: SL 1913, ch 274, § 2; RC 1919, § 2889; SDC 1939 & Supp 1960, § 37.3009; SL 1974, ch 55, § 44.

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§ 44-8-18 Past due installments of interest and principal on superior mortgage affecting real property--Payment by holder of inferior mortgage--Insurance, taxes, and assessments paid by purchaser at sale on execution or mortgage foreclosure--Payment by purchaser prior to redemption--Proof by verified written notice, recording, service, effect.

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§ 44-8-20 Deficiency in amount of purchase money mortgage given after June 30, 1933--Nonexistent after foreclosure of mortgage.