Common use of Release and Reconveyance Clause in Contracts

Release and Reconveyance. Upon payment in full of the Indebtedness, Lender shall cause the release of this Security Instrument and the reconveyance of the Mortgaged Property to Borrower, and Borrower shall pay Lender’s costs incurred in connection with such release and reconveyance.

Appears in 2 contracts

Sources: Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Manufactured Housing Properties Inc.), Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Manufactured Housing Properties Inc.)