Sec.32-13-12. Eligibility of title

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In order for the mortgaged property to be eligible for insurance, the commission shall determine that marketable title thereto is vested in the mortgagor, subject only to leases, easements, restrictive covenants, current taxes and reservations of fissionable materials to the United States of America.

(Effective August 20, 1963)

                    
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