Common use of Reconveyance of Property Clause in Contracts

Reconveyance of Property. Upon receipt of a written request from Beneficiary reciting that all sums and obligations secured hereby have been paid and/or performed, and upon payment of its fees, Trustee shall reconvey without warranty the property then held hereunder. The recitals in such reconveyance of any matters of fact shall be conclusive proof of the truth thereof. The grantee in such reconveyance may be described in general terms as "the person or persons legally entitled thereto."

Appears in 13 contracts

Samples: Security Agreement (Herbst Gaming Inc), Security Agreement (Herbst Gaming Inc), Security Agreement (Herbst Gaming Inc)

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Reconveyance of Property. Upon receipt of a That upon written request from of Beneficiary reciting stating that all sums and obligations secured hereby have been paid and/or performedpaid, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention, and upon payment of its fees, Trustee shall reconvey reconvey, without warranty warranty, the property Property then held hereunder. The recitals in such reconveyance of any matters of fact shall be conclusive proof of the truth truthfulness thereof. The grantee in such reconveyance may be described in general terms as "the person or persons legally entitled thereto."

Appears in 4 contracts

Samples: Program Loan and CDBG Grant Agreement, Loan Agreement, Loan Agreement

Reconveyance of Property. Upon receipt of a (a) written request from of Beneficiary reciting stating that all sums and obligations secured hereby the entire Deed of Trust Obligations have been paid and/or performedpaid, (b) surrender of this Deed of Trust and the Notes to Trustee for cancellation and retention, and upon (c) payment of its Trustee’s reasonable fees, if any, Trustee shall reconvey the Property without warranty the property then held hereunderwarranty. The recitals in such reconveyance of any matters of fact or facts shall be conclusive proof of the truth truthfulness thereof. The grantee in such reconveyance may be described in general terms as "the person or persons legally entitled thereto."

Appears in 1 contract

Samples: OVERSTOCK.COM, Inc

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Reconveyance of Property. Upon receipt of a That upon written request from Beneficiary reciting of Xxxxxxxxxxx stating that all sums and obligations secured hereby have been paid and/or performedpaid, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention, and upon payment of its fees, Trustee shall reconvey reconvey, without warranty warranty, the property Property then held hereunder. The recitals in such reconveyance of any matters of fact shall be conclusive proof of the truth truthfulness thereof. The grantee in such reconveyance may be described in general terms as "the person or persons legally entitled thereto."

Appears in 1 contract

Samples: Loan Agreement

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