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SATISFACTION OF SECURITY INSTRUMENT
G.S. 45-36.10 Content and effect of satisfaction.
(a) A document is a satisfaction of a security instrument 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 person signing the satisfaction is the
secured creditor.
(3) Reserved.
(4) Contains language terminating the effectiveness of the
security instrument.
(5) Is signed by the secured creditor and acknowledged as
required by law for
a conveyance of an interest in real property.
G.S. 45-36.11 Satisfaction: Form
TRUSTEE'S SATISFACTION OF DEED OF TRUST
G.S. 45-36.20 Trustees satisfaction of deed of trust; content and effect.
(d) Document is a trustee's satisfaction of a deed of trust if it complies with all of the following:
(1) Identifies the original parties to the deed of
trust, the recording data for
the deed of trust, and the office in which the deed of trust is recorded.
(2) States that the person signing the trustee's
satisfaction is then serving as trustee or
substitute trustee under the terms of the deed of trust.
(3) Contains language terminating the effectiveness
of the deed of trust.
(4) Is signed by the trustee or substitute trustee
then serving under the terms of the
deed of trust and acknowledged as required by law for a conveyance of an interest in real property.
G.S. 45-36.21 Trustee's Satisfaction of Deed of Trust: Form