Alaska Statutes Title 45. Trade and Commerce § 45.29.604. Procedure if security agreement covers real property or fixtures

(a) If a security agreement covers both personal and real property, a secured party may proceed

(b) Subject to (c) of this section, if a security agreement covers goods that are or become fixtures, a secured party may proceed

(c) Subject to the other provisions of AS 45.29.601--45.29.628, if a secured party holding a security interest in fixtures has priority over all owners and encumbrancers of the real property, the secured party, after default, may remove the collateral from the real property.

(d) A secured party that removes collateral shall promptly reimburse an encumbrancer or owner of the real property, other than the debtor, for the cost of repair of physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for diminution in value of the real property caused by the absence of the goods removed or by the necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.