Common use of Release Upon Payment and Discharge of Mortgagor’s Obligations Clause in Contracts

Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender shall release this Mortgage and the lien hereof by proper instrument upon payment and discharge of all Indebtedness, including payment of all reasonable expenses incurred by the Lender in connection with the execution of such release.

Appears in 8 contracts

Samples: Mortgage, Security Agreement (Lifeway Foods Inc), Mortgage, Security Agreement (Adcare Health Systems Inc), And Fixture Filing (Adcare Health Systems Inc)

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Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender Mortgagee shall release this Mortgage and the lien hereof by proper instrument upon payment and discharge of all Indebtedness, including payment of all reasonable expenses incurred by the Lender Mortgagee in connection with the execution of such release.

Appears in 8 contracts

Samples: Construction Mortgage, Security Agreement (Textura Corp), Open End Revolving Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Security Agreement and Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC)

Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender shall release this Mortgage and the lien hereof by proper instrument upon payment and discharge of all Indebtedness, including payment of all reasonable expenses incurred by the Lender in connection with the execution of such release. Mortgagor shall not otherwise be entitled to a release of this Mortgage and the lien hereof, except as may be expressly provided to the contrary in the Loan Agreement.

Appears in 4 contracts

Samples: Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc)

Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender Mortgagee shall release this Mortgage and the lien and interest hereof by proper instrument upon payment and discharge of all Indebtedness, Indebtedness including payment of all reasonable expenses incurred by any prepayment premium provided for herein or in the Lender in connection with the execution of such releaseNote secured hereby.

Appears in 2 contracts

Samples: Mortgage (Glimcher Realty Trust), Mortgage, Security Agreement (Great Lakes Reit)

Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender shall release this Mortgage and the lien hereof by proper instrument upon payment and discharge of all IndebtednessObligations, including payment of all reasonable expenses incurred by the Lender in connection with the execution of such release.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Innovative Food Holdings Inc)

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Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender Mortgagee shall release this Mortgage and the lien all liens hereof and created by this Mortgage, by proper instrument in recordable form upon payment and discharge of all Indebtedness, including payment of all reasonable expenses incurred by the Lender Mortgagee in connection with the execution of such release.

Appears in 1 contract

Samples: Mortgage, Security Agreement (National Patent Development Corp)

Release Upon Payment and Discharge of Mortgagor’s Obligations. The Lender Mortgagee shall release this Mortgage and the lien hereof by proper instrument upon payment and discharge of all Indebtedness, including payment of all reasonable expenses incurred by the Lender Mortgagee in connection with the execution of such release.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (General Datacomm Industries Inc)

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