Section 57-3-204 - Constructive notice - Effect as between direct parties to mortgage or trust deed(1) The recording of a mortgage or trust deed that incorporates a provision of a master form in accordance with Section 57-3-203, operates as constructive notice of the mortgage or trust deed, including all incorporated provisions of the referenced master form.(2) Nothing in this part modifies the law regarding the effectiveness of a mortgage, trust deed, or contract as between: (a) the mortgagor and mortgagee of the mortgage; or(b) the trustor, beneficiary, and trustee under a trust deed.Enacted by Chapter 61, 1998 General Session.