N.D. Cent. Code § 54-30-11
54-30-11. Payment of assigned mortgage
54-30-11. Payment of assigned mortgage
After the Bank, under this chapter, has assigned any mortgage, and the obligation thereby
secured, all payments thereon must be made to the Bank in trust for:
1. The security and payment of bonds to be issued as provided in this chapter; and
2. Delivery to the general fund of the state of such remaining part or balance thereof as
may come within this chapter.