Okla. Stat. tit. 12A, § 12A-1-9-604: Procedure if security agreement covers real property

or fixtures.

PROCEDURE IF SECURITY AGREEMENT

COVERS REAL PROPERTY OR FIXTURES

(a) If a security agreement covers both personal and real

property, a secured party may proceed:

(1) under this part as to the personal property without

prejudicing any rights with respect to the real property; or

(2) as to both the personal property and the real property in

accordance with the rights with respect to the real property, in

which case the other provisions of this part do not apply.

(b) Subject to subsection (c) of this section, if a security

agreement covers goods that are or become fixtures, a secured party

may proceed:

(1) under this part; or

(2) in accordance with the rights with respect to real

property, in which case the other provisions of this part do not

apply.

(c) Subject to the other provisions of this part, if a secured

party holding a security interest in fixtures has priority over all

owners and encumbrances of the real property, the secured party,

after default, may remove the collateral from the real property.

(d) A secured party that removes collateral shall promptly

reimburse any encumbrancer or owner of the real property, other than

the debtor, for the cost of repair of any physical injury caused by

the removal. The secured party need not reimburse the encumbrancer

or owner for any diminution in value of the real property caused by

the absence of the goods removed or by any necessity of replacing

them. A person entitled to reimbursement may refuse permission to

remove until the secured party gives adequate assurance for the

performance of the obligation to reimburse.