Common use of Reconveyance from Deed of Trust Clause in Contracts

Reconveyance from Deed of Trust. If all of the Secured Indebtedness shall have been paid in full, and all of the covenants, warranties, undertakings and agreements made in this Deed of Trust shall have been kept and performed, and all obligations, if any, of Holder and Lenders for further advances shall have been terminated, then, and in that event only, all rights under this Deed of Trust shall terminate (except to the extent expressly provided herein with respect to indemnifications, representations and warranties and other rights which are to continue following the reconveyance hereof) and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, and the Property shall be reconveyed by Xxxxxx in due form at Grantor’s cost. Without limitation, all provisions herein for indemnity of Holder, Lenders and/or Trustee shall survive discharge of the Secured Indebtedness and any foreclosure, reconveyance or termination of this Deed of Trust.

Reconveyance from Deed of Trust. If all of the Secured secured Indebtedness shall have been is paid in fullas it becomes due and payable, and all of the covenants, warranties, undertakings and agreements made in this Deed of Trust shall have been are kept and performed, and all obligations, if any, of Holder and Lenders Lender for further advances shall have been terminated, then, and in that event only, all rights under this Deed of Trust shall terminate (except to the extent expressly provided herein with respect to indemnifications, representations and warranties and other rights which are to continue following the reconveyance hereof) and the Trust Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, and the Trust Property shall be reconveyed by Xxxxxx Lender in due form at GrantorTrustor’s cost. The grantee in such reconveyance may be described as “the person or persons legally entitled thereto.” Without limitation, all provisions herein for indemnity of Holder, Lenders and/or Trustee Lender shall survive discharge of the Secured secured Indebtedness and any foreclosure, reconveyance or termination of this Deed of Trust.