Nevada Code § 104.9334

Priority of security interests in fixtures and crops
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1. A
security interest under this article may be created in goods that are fixtures
or may continue in goods that become fixtures. A security interest does not
exist under this article in ordinary building materials incorporated into an
improvement on land.
2. This
article does not prevent creation of an encumbrance upon fixtures under real
property law.
3. In
cases not governed by subsections 4 to 8, inclusive, a security interest in
fixtures is subordinate to a conflicting interest of an encumbrancer or owner
of the related real property other than the debtor.
4. Except
as otherwise provided in subsection 8, a perfected security interest in
fixtures has priority over a conflicting interest of an encumbrancer or owner
of the real property if the debtor has an interest of record in or is in
possession of the real property and:
(a) The
security interest is a purchase-money security interest;
(b) The
interest of the encumbrancer or owner arises before the goods become fixtures;
and
(c) The
security interest is perfected by a fixture filing before the goods become
fixtures or within 20 days thereafter.
5. A
perfected security interest in fixtures has priority over a conflicting
interest of an encumbrancer or owner of the real property if:
(a) The
debtor has an interest of record in the real property or is in possession of
the real property and the security interest:
(1) Is
perfected by a fixture filing before the interest of the encumbrancer or owner
is of record; and
(2) Has
priority over any conflicting interest of a predecessor in title of the
encumbrancer or owner;
(b) Before
the goods become fixtures, the security interest is perfected by any method
permitted by this article and the fixtures are readily removable:
(1) Factory
or office machines;
(2) Equipment
that is not primarily used or leased for use in the operation of the real
property; or
(3) Replacements
of domestic appliances that are consumer goods;
(c) The
conflicting interest is a lien on the real property obtained by legal or
equitable proceedings after the security interest was perfected by any method
permitted by this article; or
(d) The
security interest is:
(1) Created
in a manufactured home in a manufactured-home transaction; and
(2) Perfected
pursuant to a statute described in paragraph (b) of subsection 1 of NRS 104.9311 .
6. A
security interest in fixtures, whether or not perfected, has priority over a
conflicting interest of an encumbrancer or owner of the real property if:
(a) The
encumbrancer or owner has, in a signed record, consented to the security interest
or disclaimed an interest in the goods as fixtures; or
(b) The
debtor has a right to remove the goods as against the encumbrancer or owner.
7. The
priority of the security interest under paragraph (b) of subsection 6 continues
for a reasonable time if the debtors right to remove the goods as against the
encumbrancer or owner terminates.
8. A
mortgage is a construction mortgage to the extent that it secures an obligation
incurred for the construction of an improvement on land, including the acquisition
cost of the land, if the recorded record so indicates. Except as otherwise
provided in subsections 5 and 6, a security interest in fixtures is subordinate
to a construction mortgage recorded before the goods become fixtures if the
goods become fixtures before the completion of the construction. A mortgage has
this priority to the same extent as a construction mortgage to the extent that
it is given to refinance a construction mortgage.
9. A perfected security interest in crops
growing on real property has priority over a conflicting interest of an
encumbrancer or owner of the real property if the debtor has an interest of
record in or is in possession of the real property.

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