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Second Department Cancels and Discharges of Record A Mortgage Pursuant to RPAPL 1501(4)
Mortgages on real property are typically delivered as security for the repayment of an obligation evidenced by a promissory note. A mortgage is an encumbrance on real property. Removing the encumbrance, if given the opportunity, makes sense.
Jonathan Freiberger
Apr 28, 20235 min read
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