Common use of Release of Deed of Trust and Termination of Assignments and Financing Statements Clause in Contracts

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if and when Grantor has paid and performed all of the Obligations, and no further advances are to be made under the Loan Agreement, Trustee, upon request by Beneficiary, will provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if If and when Grantor Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Loan Agreement, Trustee, upon request by Beneficiary, Beneficiary will promptly provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if If and when Grantor has paid and performed all of the Obligations, and no further advances are to be made under the Loan Agreement, Trustee, upon request by Beneficiary, Beneficiary will promptly provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if If and when Grantor has paid and performed all of the Obligations, and no further advances are to be made under the Loan Agreement, Beneficiary, without the joinder of Trustee, upon request by Beneficiary, will promptly provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2Section 2.2 shall automatically terminate and become null and void.

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if If and when Grantor Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Loan Agreement, Trustee, upon request by BeneficiaryBeneficiary (which request shall be promptly made by Beneficiary at Grantor’s request), will promptly provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Deed of Trust and Termination of Assignments and Financing Statements. Except as provided in the Loan Agreement, if If and when Grantor Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Loan Credit Agreement, Trustee, upon request by Beneficiary, Beneficiary will provide a release of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.