57-3-102 - Record imparts notice -- Change in interest rate -- Validity of document -- Notice of unnamed interests -- Conveyance by grantee. - Utah Statutes

57-3-102. Record imparts notice -- Change in interest rate -- Validity of document-- Notice of unnamed interests -- Conveyance by grantee.
(1) Each document executed, acknowledged, and certified, in the manner prescribed bythis title, each original document or certified copy of a document complying with Section57-4a-3, whether or not acknowledged, each copy of a notice of location complying with Section40-1-4, and each financing statement complying with Section 70A-9a-502, whether or notacknowledged shall, from the time of recording with the appropriate county recorder, impartnotice to all persons of their contents.
(2) If a recorded document was given as security, a change in the interest rate inaccordance with the terms of an agreement pertaining to the underlying secured obligation doesnot affect the notice or alter the priority of the document provided under Subsection (1).
(3) This section does not affect the validity of a document with respect to the parties tothe document and all other persons who have notice of the document.
(4) The fact that a recorded document recites only a nominal consideration, names thegrantee as trustee, or otherwise purports to be in trust without naming beneficiaries or stating theterms of the trust does not charge any third person with notice of any interest of the grantor or ofthe interest of any other person not named in the document.
(5) The grantee in a recorded document may convey the interest granted to him free andclear of all claims not disclosed in the document in which he appears as grantee or in any otherdocument recorded in accordance with this title that sets forth the names of the beneficiaries,specifies the interest claimed, and describes the real property subject to the interest.

Amended by Chapter 252, 2000 General Session