Common use of Reconveyance Clause in Contracts

Reconveyance. Upon payment of the Indebtedness, Lender will request Trustee to reconvey the Mortgaged Property and will surrender this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 4 contracts

Samples: And Security Agreement, And Security Agreement (Strategic Student & Senior Housing Trust, Inc.), And Security Agreement (Strategic Student & Senior Housing Trust, Inc.)

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Reconveyance. Upon payment of the Indebtedness, Lender will shall request Trustee to reconvey the Mortgaged Property and will shall surrender this Instrument and the Note to Trustee. Trustee will shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will shall pay Trustee’s 's reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 2 contracts

Samples: And Security Agreement (VMS National Properties Joint Venture), Capital Senior Living Corp

Reconveyance. Upon payment of the Indebtedness, Lender will shall request Trustee to reconvey the Mortgaged Property and will surrender shall deliver this Instrument and the Note to Trustee. Trustee will shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will shall pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 2 contracts

Samples: Security Agreement (Consolidated Capital Institutional Properties 3), Security Agreement (Consolidated Capital Institutional Properties 3)

Reconveyance. Upon payment of the Indebtedness, Lender will shall request Trustee to reconvey the Mortgaged Property and will shall surrender this Instrument and the Note to Trustee. Trustee will shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled theretoto the Mortgaged Property. Such person or persons will shall pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 1 contract

Samples: Security Agreement (Behringer Harvard Multifamily Reit I Inc)

Reconveyance. Upon payment of the Indebtedness, Lender Xxxxxx will request Trustee to reconvey the Mortgaged Property and will surrender this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person or persons legally entitled theretoto the Mortgaged Property. Such person or persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 1 contract

Samples: Fixture Filing

Reconveyance. Upon payment of the Indebtedness, Lender will request Trustee to reconvey the Mortgaged Property and will surrender this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person Person or persons Persons legally entitled thereto. Such person Person or persons Persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged PropertyProperty and costs of recording, if any.

Appears in 1 contract

Samples: Security Agreement (Strategic Student & Senior Housing Trust, Inc.)

Reconveyance. Upon payment of the Indebtedness, Lender will shall request Trustee to reconvey the Mortgaged Property and will shall surrender this Security Instrument and the Note to Trustee. Trustee will shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will shall pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 1 contract

Samples: Subordination Agreement

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Reconveyance. Upon payment of the Indebtedness, Lender Xxxxxx will request Trustee to reconvey the Mortgaged Property and will surrender this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 1 contract

Samples: Security Agreement

Reconveyance. Upon payment of the Indebtedness, Lender Xxxxxx will request Trustee to reconvey the Mortgaged Property and will surrender deliver this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto. Such person or persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged Property.

Appears in 1 contract

Samples: And Security Agreement

Reconveyance. Upon payment of the Indebtedness, Lender Xxxxxx will request Trustee to reconvey the Mortgaged Property and will surrender this Instrument and the Note to Trustee. Trustee will reconvey the Mortgaged Property without warranty to the person Person or persons Persons legally entitled thereto. Such person Person or persons Persons will pay Trustee’s reasonable costs incurred in so reconveying the Mortgaged PropertyProperty and costs of recording, if any.

Appears in 1 contract

Samples: And Security Agreement

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