Except as provided in IC 32-30-10.5 for mortgage transactions described in IC 32-30-10.5-5 , it is not necessary in any action upon a mortgage or lien to give time for:

1. (1) the payment of money; or

2. (2) performing any other act.

   Final judgment may be given in the first instance.

   [Pre-2002 Recodification Citation: 32-15-8-1.]

As added by P.L.2-2002, SEC.15. Amended by P.L.105-2009, SEC.21.