Common use of Release of Deed of Trust Clause in Contracts

Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender in due form at Borrower’s cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by Lender.

Appears in 6 contracts

Samples: , Security Agreement and Fixture Filing (Campus Crest Communities, Inc.), Management Agreement (Campus Crest Communities, Inc.), Fixture Filing (KBS Real Estate Investment Trust II, Inc.)

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Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Trust Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Beneficiary in due form at Borrower’s Grantor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderBeneficiary.

Appears in 2 contracts

Samples: Trust and Security Agreement (Cornerstone Realty Income Trust Inc), Trust and Security Agreement (Cornerstone Realty Income Trust Inc)

Release of Deed of Trust. If all of (a) At such time as the Debt Loan Obligations (other than Hedging Obligations) shall have been paid in full in cash and the Commitments have been terminated, the Property shall be paid, then and in that event only, all rights under released from the Lien created by this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender in due form at Borrower’s cost. No release of this Deed of Trust and all obligations (other than those expressly stated to survive such termination) of the Beneficiary and the Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the lien hereof Property shall be valid unless executed by Lenderrevert to the Grantor.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Communications Holdings, Inc.)

Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Trust Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly reconveyed and released of record by Lender in due form Trustee, at Borrower’s the written request of Beneficiary at Grantor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by Lender.

Appears in 1 contract

Samples: Trust, Security Agreement and Fixture Filing (Apple Suites Inc)

Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Mortgaged Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Beneficiary in due form at Borrower’s Trustor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderBeneficiary.

Appears in 1 contract

Samples: Innkeepers Usa Trust/Fl

Release of Deed of Trust. If all of the Debt shall be paid, then and in ------------------------ that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Trust Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Xxxxxxxxxxx in due form at Borrower’s Grantor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderBeneficiary.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Cornerstone Realty Income Trust Inc)

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Release of Deed of Trust. If all of the Debt shall secured indebtedness be paid, then and in that event only, all rights under this Deed of Trust, Trust shall terminate except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Beneficiary in due form at Borrower’s Grantor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderBeneficiary.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Inland Diversified Real Estate Trust, Inc.)

Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Lxxxxx in due form at Borrower’s cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderLxxxxx.

Appears in 1 contract

Samples: Security Agreement and Fixture (NNN Apartment REIT, Inc.)

Release of Deed of Trust. If all of the Debt shall secured indebtedness be paid, ------------------------ then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender Beneficiary in due form at Borrower’s Grantor's cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by LenderBeneficiary.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Nei Webworld Inc)

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