765 ILCS 905/5

(765 ILCS 905/5) (from Ch. 95, par. 55)

Sec. 5. Every deed conveying real estate, which shall appear to have been intended only as a security in the nature of a mortgage, though it be an absolute conveyance in terms, shall be considered as a mortgage.

(Source: Laws 1961, 1st Spec.Sess., p. 42.)