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Book 3 · Law of property  ›  Title 1 · Mortgage › Section 1187

Debt-securing mortgage for bearer instruments and instruments made out to order

Only a debt-securing mortgage may be created for a claim under a bearer bond, under a bill of exchange or under any other instrument that can be transferred by endorsement. The mortgage is deemed to be a debt-securing mortgage, even if it is not described as such in the Land Register. The provision of section 1154 (3) does not apply. There is no claim for the deletion of the mortgage in accordance with sections 1179a and 1179b.

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