§ 63. Recordation of mortgages; effect thereof. In case of conflict
between this section and article nine of the uniform commercial code,
the provisions of this section shall control. Any mortgage, deed of
trust or other instrument executed by a cooperative or foreign
corporation doing business in this state pursuant to this chapter, which
affects real and personal property and which is recorded in the real
property records in any county in which such property is located or is
to be located, shall have the same force and effect as if the security
interest created by such mortgage in the personal property thereby
affected, had been perfected by filing in accordance with section 9--501
of the uniform commercial code. All after-acquired property of such
cooperative or foreign corporation described or referred to as being
mortgaged or pledged in any such mortgage, deed of trust or other
instrument, shall become subject to the lien thereof immediately upon
the acquisition of such property by such cooperative or foreign
corporation, whether or not such property was in existence at the time
of the execution of such mortgage, deed of trust or other instrument.
Recordation of any such mortgage, deed of trust or other instrument
shall constitute notice and otherwise have the same effect with respect
to such after-acquired property as it has under the laws relating to
recordation, with respect to property owned by such cooperative or
foreign corporation at the time of the execution of such mortgage, deed
of trust or other instrument and therein described or referred to as
being mortgaged or pledged thereby.

The security interest in personal property created by any such
mortgage, deed of trust or other instrument shall, after recordation
thereof, continue perfected and of record without the filing of any
continuation statement as required by section 9--515 of the uniform
commercial code.