Common use of Reconveyance by Trustee Clause in Contracts

Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured hereby have been paid or that all obligations under the Declaration have been satisfied, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or to the person or persons legally entitled thereto, without warranty, any portion of the Trust Estate then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons legally entitled thereto." Such grantee shall pay Trustee a reasonable fee and Trustee's costs incurred in so reconveying the Trust Estate.

Appears in 1 contract

Samples: Request for Proposals

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Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured hereby have been paid or that all obligations under the Declaration have been satisfiedpaid, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention retention, and upon payment by Trustor of Trustee's ’s reasonable fees, Trustee shall reconvey to Trustor, or to the person or persons legally entitled thereto, without warranty, any portion of the Trust Estate Property then held hereunder. Such person or persons to pay all recording fees. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons legally entitled thereto." Such grantee shall pay Trustee a reasonable fee and Trustee's costs incurred in so reconveying the Trust Estate.

Appears in 1 contract

Samples: Disposition and Development Agreement

Reconveyance by Trustee. Upon receipt of written request of from Beneficiary stating reciting that all sums secured hereby have been paid or that all obligations under the Declaration have been satisfiedpaid, and upon surrender of this Deed of Trust and the Note Notes secured hereby to Trustee for cancellation and retention retention, or such other disposition as Trustee, in its sole discretion, may choose, and upon payment by Trustor of Trustee's its fees, the Trustee shall reconvey to Trustor, or to the person or persons legally entitled theretoreconvey, without warrantywarranty or recourse, any portion of the Trust Estate Property then held hereunder. The recitals in such reconveyance of any matters or facts of fact shall be conclusive proof of the truthfulness truth thereof. The grantee in any such reconveyance may be described in general terms as "the person or persons legally entitled thereto." Such grantee shall pay Trustee a reasonable fee and Trustee's costs incurred in so reconveying the Trust Estate.

Appears in 1 contract

Samples: Intercreditor Agreement (Eldorado Resorts LLC)

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Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured hereby have been paid or that all obligations under the Declaration have been satisfiedin xxxx, and xxx upon surrender of this Deed of Trust and the Note Loan Agreement to Trustee for cancellation and retention retention, and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or to the person or persons legally entitled thereto, without warranty, any portion of the Trust Estate then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons legally entitled thereto." Such grantee shall pay Trustee a reasonable fee and Trustee's costs incurred in so reconveying the Trust Estate."

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Financing Statement and Fixture Filing (Can Cal Resources LTD)

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