§ 45-36.24 – Expiration of lien of security instrument.
45-36.24. Expiration of lien of security instrument. (a) Maturity Date. – For purposes of this section: (1) If a secured obligation is for the payment of money: a. If all remaining sums owing on the secured obligation are due and payable in full on a date specified in the secured obligation, the maturity date of […]
§ 45-37 – Satisfaction of record of security instruments.
45-37. Satisfaction of record of security instruments. (a) Subject to the provisions of G.S. 45-36.9(a) and G.S. 45-73 relating to security instruments which secure future advances, any security instrument intended to secure the payment of money or the performance of any other obligation registered as required by law may be satisfied of record and thereby […]
§ 45-37.1 – Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee.
45-37.1. Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee. In all cases where, prior to January 1, 1930, it appears from the margin or face of the record in the office of the register of deeds of any county in this State that the original beneficiary named in any […]
§ 45-37.2 – Indexing satisfactions and other documents relating to security instruments.
45-37.2. Indexing satisfactions and other documents relating to security instruments. (a) The register of deeds shall record and index the following instruments in accordance with G.S. 161-14.1: (1) A substitution of trustee. (2) A document of rescission recorded pursuant to G.S. 45-36.6. (3) A deed of release or reconveyance. (4) A partial release recorded pursuant […]
§ 45-38 – Recording of foreclosure.
45-38. Recording of foreclosure. In case of foreclosure of any deed of trust, or mortgage, the trustee, mortgagee, or the trustee’s or mortgagee’s attorney shall record a notice of foreclosure that includes the date when, and the person to whom, a conveyance was made by reason of the foreclosure. In the event the entire obligation […]
§ 45-41 – Recorded deed of release of mortgagee's representative.
45-41. Recorded deed of release of mortgagee’s representative. The personal representative of any mortgagee or trustee in any mortgage or deed of trust which has heretofore or which may hereafter be registered in the manner required by the laws of this State may satisfy of record, discharge and release the same and all property thereby […]
§ 45-42 – Satisfaction of corporate mortgages by corporate officers.
45-42. Satisfaction of corporate mortgages by corporate officers. All security instruments executed to a corporation may be satisfied and so marked of record as by law provided for the satisfaction of security instruments, by any officer of the corporation indicating the office held. For the purposes of recordation and satisfaction, such signature shall be deemed […]
§ 45-42.1 – Corporate cancellation of lost mortgages by register of deeds.
45-42.1. Corporate cancellation of lost mortgages by register of deeds. Upon affidavit of the secretary and treasurer of a corporation showing that the records of such corporation show that such corporation has fully paid and satisfied all of the notes secured by a security instrument executed by such corporation and such payment and satisfaction was […]
§ 45-42.3 – Automatic release of real property from ancillary security instruments.
45-42.3. Automatic release of real property from ancillary security instruments. (a) The following definitions shall apply in this section: (1) Ancillary security instrument. – An assignment of leases with respect to the real property, an assignment of rents from or arising out of the real property, a financing statement covering fixtures on the real property […]
§ 45-36.23 – Obligation releasecontent and effect.
45-36.23. Obligation release: content and effect. (a) A document is an obligation release if it does all of the following: (1) Identifies the type of security instrument, the original parties to the security instrument, the recording data for the security instrument, and the office in which the security instrument is recorded. (2) States that the […]