Common use of Partial Reconveyance Clause in Contracts

Partial Reconveyance. Upon the prior written request by Trustor -------------------- to Beneficiary requesting that a portion of the Mortgaged Property that constitutes a separate legal parcel (hereinafter referred to as a "Parcel") be reconveyed, Beneficiary shall cause such Parcel(s) to be released from the lien of this Deed of Trust by depositing a request for such reconveyance into an escrow opened by or for Trustor in connection with the sale or refinance of such Parcel(s) provided that: -------- ----

Partial Reconveyance. Upon the prior written request by Trustor -------------------- to Beneficiary requesting that a portion of the Mortgaged Property that constitutes a separate legal parcel (hereinafter referred to as a "ParcelLot") be reconveyed, Beneficiary shall cause such Parcel(sLot(s) to be released from the lien of this Deed of Trust by depositing a request for such reconveyance into an escrow opened by or for Trustor in connection with the sale or refinance of such Parcel(sLot(s) provided -------- that: -------- ----