A Fixture Financing Statement, sometimes known as a Finance Statement Mortgage (FSM), covers collateral that is personal property affixed to real estate. The most common FSMs seen in Clay County real estate records cover collateral such as grain bins, furnaces and fixtures for a commercial building.
Uniform Commercial Code (UCC)-1 Form
The national financing statement UCC-1 form is considered the standard form to perfect a lien on real estate if box 6 is checked. Any other form is acceptable if signed and includes a complete acknowledgment.
The Clay County Recorder's Office is no longer a satellite office for the Minnesota Secretary of State. Therefore, the Clay County Recorder's Office no longer files or searches UCCs. However, we continue to record UCCs attached to real estate, often know as Fixture FSM. We also continue to record tax liens and provide tax lien searches.