Common use of Release of Mortgage Clause in Contracts

Release of Mortgage. When all Indebtedness Secured Hereby has been paid, this Mortgage and all assignments herein contained shall be void and this Mortgage shall be released by the Mortgagee at the cost and expense of the Mortgagor, otherwise to remain in full force and effect.

Appears in 3 contracts

Samples: Security Agreement (Talon Real Estate Holding Corp.), Mortgage and Security Agreement and Fixture Financing Statement (Wsi Industries Inc), Mortgage and Security Agreement and Fixture Financing (Navarre Corp /Mn/)

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Release of Mortgage. When all Indebtedness Secured Hereby has been paid, this Mortgage and all assignments herein contained shall be void and this Mortgage shall be released by the Mortgagee Lender at the cost and expense of the MortgagorBorrower, otherwise to remain in full force and effect.

Appears in 2 contracts

Samples: Security Agreement (Great Plains Ethanol LLC), Future Advance Mortgage and Security Agreement (Great Plains Ethanol LLC)

Release of Mortgage. When all Indebtedness Secured Hereby has been paid, this Mortgage and all assignments herein contained shall be void and this Mortgage shall be released by the Mortgagee at the cost and expense of the Mortgagor, otherwise to remain in full force and effect's expense.

Appears in 2 contracts

Samples: Mortgage and Security Agreement and Fixture Financing Statement (First Team Sports Inc), Mortgage and Security Agreement and Fixture Financing Statement (Lundgren Bros Construction Inc)

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Release of Mortgage. When all Indebtedness Secured Hereby has been paid, this Mortgage and all assignments herein contained shall be void and this Mortgage shall be released by the Mortgagee at the cost and expense of the Mortgagor, otherwise to remain in full force and effect.

Appears in 1 contract

Samples: Security Agreement (Netreit, Inc.)

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