{"data":{"id":"us-nc/n.c.-gen.-stat.-54b-152","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54B-152","heading":"Real property encumbrances.","body":"(a)\tReal property is deemed unencumbered within the meaning of this Chapter unless the security instrument thereon establishes a first lien upon such real property or interest therein.\n(b)\tNotwithstanding the provisions of the immediately preceding subsection, real property is not deemed encumbered within the meaning of this Chapter merely by reason of the existence of:\n(1)\tAn instrument reserving a right-of-way, sewer rights, or rights in wells; or\n(2)\tBuilding restrictions or other restrictive covenants; or\n(3)\tA lease under which rents or profits are reserved by the owner; or\n(4)\tCurrent taxes or assessments not yet payable; or\n(5)\tOther encumbrances which, in accordance with sound lending practices in the locality, are not regarded as constituting defects in title to real property. (1981, c. 282, s. 3; 1999-179, s. 1.)","path":["Chapter 54B. Savings and Loan Associations.","Article 7. Loans."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54B/GS_54B-152.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:42Z","sha256":"1c35f79fca3b3d47c943aa813072b11071af4da4905461ff578f024c5df38f72","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54b-151","next":"us-nc/n.c.-gen.-stat.-54b-153"},"notice":"GroundRules: Original legal text. Not legal advice."}