Common use of Satisfaction of Mortgage Clause in Contracts

Satisfaction of Mortgage. Upon payment of the Debt in full, Mortgagee, at Mortgagor’s sole cost and upon Mortgagor’s request, shall execute and deliver to Mortgagor a satisfaction or reconveyance of Mortgage, duly acknowledged and in recordable form, UCC-3 financing statements terminating any UCC-1 financing statements filed by Mortgagee relating to the Mortgaged Property, and such other documents or instruments as may be required to release the Lien of the Loan Documents from the Mortgaged Property.

Satisfaction of Mortgage. Upon payment of the Debt Liabilities in full, Mortgagee, at Mortgagor’s sole cost and upon MortgagorXxxxxxxxx’s request, shall execute and deliver to Mortgagor a satisfaction or reconveyance of Mortgage, duly acknowledged and in recordable form, UCC-3 financing statements terminating any UCC-1 financing statements filed by Mortgagee relating to the Mortgaged Property, and such other documents or instruments as may be required to release the Lien of the Loan Documents from the Mortgaged Property.

Satisfaction of Mortgage. Upon payment of the Debt in full, Mortgagee, at Mortgagor’s 's sole cost and upon Mortgagor’s 's request, shall execute and deliver to Mortgagor a satisfaction or reconveyance of Mortgage, duly acknowledged and in recordable form, UCC-3 financing statements terminating any UCC-1 financing statements filed by Mortgagee relating to the Mortgaged Property, and such other documents or instruments as may be required to release the Lien of the Loan Documents from the Mortgaged Property.