SATISFACTION OF MORTGAGE

glossary /

SATISFACTION OF MORTGAGE

satisfaction of mortgage.

1. The complete payment of a mortgage.

2. A discharge signed by the mortgagee or mortgage holder indicating that the property subject to the mortgage is released or that the mortgage debt has been paid and the mortgage conditions have been fully satisfied. [Cases: Mortgages 309¨C315. C.J.S. Mortgages ¡ì¡ì 451, 465¨C466, 468, 477¨C485, 488.]

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