Cancellation of Existing Indebtedness. The Seller shall deliver a satisfaction of mortgage, cancellation or reconveyance of deed of trust or partial release, as the case may be, in recordable form and executed by the holder of any existing indebtedness which is secured in whole or in part by all or any portion of the Property, in a form as shall be sufficient to satisfy of record the existing indebtedness with respect to such Property, together with UCC-3 termination statements or other terminations acceptable and effective to release of record the lien of any security interest which may encumber any of such Property.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
