Common use of Full Reconveyance Clause in Contracts

Full Reconveyance. Upon written request of Xxxxxxxxxxx stating that all sums secured by this Deed of Trust have been paid, surrender of this Deed of Trust, the CDBG Note, and any other notes secured by this Deed of Trust to Trustee for cancellation and retention, and payment of Trustee’s fees and charges, Trustee shall reconvey, without warranty, the Property then subject to this Deed of Trust. The recitals in the reconveyance shall be conclusive proof of the truthfulness of the recitals. The grantee in the reconveyance may be described as “the person or persons legally entitled thereto.” Five years after issuance of the full reconveyance, Trustee may destroy the CDBG Note and this Deed of Trust, unless directed in the request to retain them.

Full Reconveyance. Upon written request of Xxxxxxxxxxx Beneficiary stating that all sums obligations secured by this Deed of Trust have been paidperformed in full, surrender of this Deed of Trust, the CDBG Note, and any other notes secured by this Deed of Trust to the Trustee for cancellation and retention, and payment of Trustee’s fees and charges, Trustee shall reconvey, without warranty, the Property then subject to this Deed of Trust. The Absent manifest error, the recitals in the reconveyance shall be conclusive proof of the truthfulness of the recitals. The grantee in the reconveyance may be described as “the person or persons legally entitled thereto.” Five years after issuance of the full reconveyance, Trustee may destroy the CDBG Note and this Deed of Trust, unless directed in the request to retain them.