— time of filing financing statement. 1. Sufficiency of financing statement. Subject to subsection 2, a financing statement is sufficient only ifit: a. provides the name of the debtor; b. provides the name of the secured party or a representative of the secured party; and c. indicates the collateral covered by the financing statement. 2. Real-property-related financing statements. Except as otherwise provided in section 554.9501, subsection 2, to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection 1 and also: a. indicate that itcovers this type of collateral; b. indicate that itis to be filed for record in the real property records; c. provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state ifthe description were contained in a record of the mortgage of the real property; and d. ifthe debtor does not have an interest of record in the real property, provide the name of a record owner. 3. Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if: a. the record indicates the goods or accounts that itcovers; b. the goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut; c. the record satisfies the requirements for a financing statement in this section, but (1) the record need not indicate that it is to be filed in the real property records; and (2) the record sufficientlyprovides the name of a debtor who is an individual ifitprovides the individual name of the debtor or the surname and firstpersonal name of the debtor, even ifthe debtor is an individual to whom section 554.9503, subsection 1, paragraph “d” applies; and d. the record is duly recorded. 4. Filing before security agreement or attachment. A financing statement may be filed before a security agreement ismade or a security interest otherwise attaches.
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