Common use of Release or Reconveyance Clause in Contracts

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations, Mortgagee, at Mortgagor's expense, will release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Golf Trust of America Inc), Purchase and Sale Agreement (Golf Trust of America Inc)

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Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations, Mortgagee, at Mortgagor's expense, will shall release the liens and security interests created by this Mortgage or and reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Winston Hotels Inc

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations, Mortgagee, at Mortgagor's expense, will shall release the liens and security interests created by this Mortgage or and if required under applicable law, reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Security Agreement (Loewen Group Inc)

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Release or Reconveyance. Upon payment in full of the ----------------------- Indebtedness and performance in full of the Obligations, Mortgagee, at Mortgagor's expense, will shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.to

Appears in 1 contract

Samples: Sandhills Inc

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