Common use of Full Repayment and Reconveyance or Release Clause in Contracts

Full Repayment and Reconveyance or Release. Upon receipt of all sums owing and outstanding under the Loan Documents (excluding any loans secured by the Security Instrument other than the Loan and excluding any Other Security Instrument and the loan documents evidencing the loans secured thereby), then provided no Event of Default exists under the Loan Documents (including any Other Security Instrument and the loan documents evidencing the loans secured thereby), Lender shall issue a full reconveyance or release of the Property from the lien of the Security Instrument; provided, however, that all of the following conditions shall be satisfied at the time of, and with respect to, such reconveyance or release: Lender shall have received all escrow, closing and recording costs, the costs of preparing and delivering such reconveyance or release and the cost of any title insurance amendments or endorsements requested by Lender.