Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, 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 Mortgage or the lien hereof shall be valid unless executed by Lender.
Appears in 6 contracts
Samples: Mortgage, Security Agreement and Fixture Filing (Acadia Realty Trust), Mortgage, Security Agreement and Fixture Filing (Mack Cali Realty Corp), Mortgage, Security Agreement and Fixture Filing (Mack Cali Realty Corp)
Release of Mortgage. If all of the Debt secured indebtedness be paid, then and in that event only, all rights under this Mortgage, Mortgage 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 Mortgagee in due form at Borrower’s Mortgagor's cost. No release of this Mortgage or the lien hereof shall be valid unless executed by LenderMortgagee.
Appears in 3 contracts
Samples: Mortgage and Security Agreement (Merry Land Properties Inc), Mortgage and Security Agreement (Usa Detergents Inc), Mortgage and Security Agreement (Merry Land Properties Inc)
Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, 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 Mortgagee in due form at BorrowerMortgagor’s cost. No release of this Mortgage or the lien hereof shall be valid unless executed by Lender.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (American Realty Capital New York Recovery Reit Inc), Mortgage and Security Agreement (American Realty Capital New York Recovery Reit Inc)
Release of Mortgage. If all of the Debt shall be paid, then and in that event only, all rights under this Mortgage, 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 Mortgage or the lien hereof shall be valid unless executed by Lender.
Appears in 2 contracts
Samples: Mortgage, Security Agreement and Fixture Filing (Industrial Income Trust Inc.), Mortgage, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.)
Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, 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 Mortgagee in due form at Borrower’s Mortgagor's cost. No release of this Mortgage or the lien hereof shall be valid unless executed by LenderMortgagee.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (One Price Clothing Stores Inc)
Release of Mortgage. If all of the Debt secured indebtedness be paid, then and in that event only, all rights under this Mortgage, Mortgage 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 Security interests, conveyances and assignments assignment evidenced hereby, which shall be promptly released of record by Lender Mortgagee in due form at Borrower’s Mortgagor's cost. No release of this Mortgage or the lien hereof shall be valid unless executed by LenderMortgagee.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Corporate Property Associates 16 Global Inc)
Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, except for those provisions hereof which that 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 Mortgagee in due form at Borrower’s Mortgagor's cost. No release of this Mortgage or the lien hereof shall be valid unless executed by LenderMortgagee.
Appears in 1 contract
Samples: Mortgage and Security Agreement (General Host Corp)
Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, 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 Mortgagee in due form at BorrowerMortgagor’s cost. No release of this Mortgage or the lien hereof shall be valid unless executed by LenderMortgagee.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Industrial Income Trust Inc.)
Release of Mortgage. If all of the Debt be paid, then and in that event only, all rights under this Mortgage, 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 record, or at Mortgagor’s request, assigned by Lender Mortgagee in due form at BorrowerMortgagor’s reasonable cost. No release of this Mortgage or the lien hereof shall be valid unless executed by Lender.
Appears in 1 contract
Samples: Security Agreement and Fixture (Resource Real Estate Opportunity REIT, Inc.)
Release of Mortgage. If all of the Debt Obligations be paidpaid and performed, then and in that event only, upon delivery and recordation of a written satisfaction of this Mortgage, all rights under this Mortgage, Mortgage 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 in due form at Borrower’s cost. No release of this Mortgage or the lien hereof shall be valid unless executed by Lender.
Appears in 1 contract
