57-3-202. Recording master mortgage and trust deed -- Requirements for master form -- Indexing by county recorder.
(1) A person may record a master form in the office of the county recorder. A person who files a master form shall state in the caption required under Sectionthat the instrument is a master form. 57-3-106
(2) A master form is not required to: contain identification or description of any specific real property; or name a specific: mortgagor; trustor; or trustee.
(3) A master form shall: name a specific mortgagee or beneficiary; contain an acknowledgment, proof, or certification; and identify the person causing the recording of the master form.
(4) A county recorder shall: index a master form in the same manner as the county recorder indexes mortgages and trust deeds in accordance with Section; and 17-71-302 indicate on all indices and records of the county referencing the master form that the instrument is a master form.
(5) If a county recorder receives a document for recording that contains both a master form and a mortgage or trust deed, the county recorder: is not required to: separate the master form from the mortgage or trust deed; or record the master form and the mortgage or trust deed as separate instruments; but may separate the master form from the mortgage or trust deed and record only the master form if the unrecorded portion is clearly designated or marked as a section not recorded. A master form recorded under Subsection, is considered as a master form under this part for purposes of the incorporation by reference of a previously recorded master form. (5)(a)