Effective July 1, 2012 per the terms of the Indiana State Enrolled Act No. 298, a mortgage on Indiana property that fails to state a maturity date expires 10 years after the execution date. These new terms are part of a revision to the original Statute and made in response to an Indiana Supreme Court ruling in Citizens State Bank v. Countryside. The new provision is retroactive affecting all exisiting Indiana mortgages and can be cured by recording a simple affidavit.