2006 New York Code - Recordation Of Mortgages; Effect Thereof.

 
    §  63. Recordation  of  mortgages; effect thereof. In case of conflict
  between this section and article nine of the  uniform  commercial  code,
  the  provisions  of  this  section  shall control. Any mortgage, deed of
  trust  or  other  instrument  executed  by  a  cooperative  or   foreign
  corporation doing business in this state pursuant to this chapter, which
  affects  real  and  personal  property and which is recorded in the real
  property records in any county in which such property is located  or  is
  to  be  located, shall have the same force and effect as if the security
  interest created by such  mortgage  in  the  personal  property  thereby
  affected, had been perfected by filing in accordance with section 9--501
  of  the  uniform  commercial  code.  All after-acquired property of such
  cooperative or foreign corporation described or  referred  to  as  being
  mortgaged  or  pledged  in  any  such  mortgage,  deed of trust or other
  instrument, shall become subject to the lien  thereof  immediately  upon
  the  acquisition  of  such  property  by  such  cooperative  or  foreign
  corporation, whether or not such property was in existence at  the  time
  of  the  execution  of such mortgage, deed of trust or other instrument.
  Recordation of any such mortgage, deed  of  trust  or  other  instrument
  shall  constitute notice and otherwise have the same effect with respect
  to such after-acquired property as it has under  the  laws  relating  to
  recordation,  with  respect  to  property  owned  by such cooperative or
  foreign corporation at the time of the execution of such mortgage,  deed
  of  trust  or  other  instrument and therein described or referred to as
  being mortgaged or pledged thereby.
    The security  interest  in  personal  property  created  by  any  such
  mortgage,  deed  of  trust  or other instrument shall, after recordation
  thereof, continue perfected and of record  without  the  filing  of  any
  continuation  statement  as  required  by  section 9--515 of the uniform
  commercial code.