44-8-11. Instrument intended as mortgage of real property--Recording as mortgage necessary.Every grant of real property, or of any estate therein, which appears, by any other writing, to be intended as a mortgage, must be recorded as a mortgage; and if such grant and other writing explanatory of its true character are not recorded together at the same time and place, the grantee can derive no benefit from such record. Source: CivC 1877, §1740; CL 1887, §4370; RCivC 1903, §2070; RC 1919, §1574; SDC 1939, §39.0306.
South Dakota Legal Code