Common use of Release of Mortgage Clause in Contracts

Release of Mortgage. If all of the Senior Secured Note Obligations shall be paid, performed and discharged, and the Indenture and the Guarantee terminated, Mortgagee shall forthwith cause satisfaction and discharge of this Mortgage to be entered upon the record, at the sole cost and expense of Mortgagor, and shall execute and deliver (or cause to be executed and delivered) such instruments of satisfaction and discharge as may be appropriate, such instruments to be duly acknowledged and in form for recording, at the sole cost and expense of Mortgagor.