Yes, the mortgage is secured. The option for the financial institution is to either check the box OR enter the address in Box 8. Technically, they should have entered an address, parcel number, coordinates, etc., instead of just "rural property."
Was the land used as collateral when you took out the loan? If you don't make your mortgage payments, will the financial institute take your land? If yes, then loan is secured.
If you acquired loan just based on your word to repay, then it is unsecured.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"