2557

In accordance with the provisions of the preceding section, the following shall be considered mortgaged along with the property, even if not mentioned in the contract, provided they belong to the owner:\n1st. Improvements consisting of new plantings, irrigation or drainage projects, repairs, safety measures, alterations, conveniences, decoration or additions of stories to buildings, or any other similar improvements, and the annexation of land by natural accession.\n2nd. Indemnity granted or owed to the owner of the mortgaged property, either from insurance, provided the damage took place after the mortgage was constituted, or by eminent domain. If any of these indemnities should be paid before the expiration of the obligation insured, and the one who is to pay it has been previously notified of the existence of the mortgage, the proceeds shall be deposited according to the wishes of the interested parties or, if there is no such agreement, as provided by the court.\nHistory —Mortgage Law, 1979, § 161.