4.09.030 Recording of Mortgage Loan Documents

(a) The Tribal Recording Clerk shall maintain in the Tribal Real Estate program a system for the recording of mortgage loans and such other documents as the Tribe may designate by laws or resolution.

(b) The Tribal Recording Clerk shall endorse upon any mortgage loan or other document received for recording:

(1) The date and time of receipt of the mortgage or other document;

(2) The filing number to be assigned by the Tribal Recording Clerk, which shall be a unique number for each mortgage or other document received, and;

(3) The name of the Tribal Recording Clerk or designee receiving the mortgage or document.

Upon completion of the above cited endorsements, the Tribal Recording Clerk shall make a true and correct copy of the mortgage or other document and shall certify the copy as follows:

Bad River Band of Lake Superior Tribe of Chippewa Indians

Bad River Reservation, Wisconsin

I certify that this a true and correct copy of a document received for recording this date.

Given under my hand and seal this _______ day of ____________________.

(Signature)

(Date)

The Tribal Recording Clerk shall maintain the copy in the records of the recording system and shall return the original of the mortgage loan or other document to the person or entity that presented the same for recording.

(c) The Tribal Recording Clerk shall also maintain a log of each mortgage loan or other document in which there shall be entered:

(1) The name(s) of the Borrower/Mortgagor of each mortgage loan identified as such;

(2) The name(s) of the Lender/Mortgagee of each mortgage loan, identified as such;

(3) The name(s) of the grantor(s), grantee(s) or other designation of each party named in any other documents filed or recorded;

(4) The date and time of receipt;

(5) The filing number assigned by the Tribal Recording Clerk; and

(6) The name of the Tribal Recording Clerk or designee receiving the mortgage or document.

(d) The certified copies of the mortgage loan and other documents and the log maintained by the Tribal Recording Clerk shall be made available for public inspection and copying. Rules for copying shall be established and disseminated by the Tribal Recording Clerk.

(e) All mortgages will be recorded with the BIA in addition to any Tribal recording provisions.