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Code · Oregon · ORS Chapter 86 · Mortgages; Trust Deeds

86.120 Discharge of mortgage on real property; effect of discharge

81 words·~1 min read·/or/ors-chapter-86/mortgages-trust-deeds/86-120·

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86.120 Discharge of mortgage on real property; effect of discharge. No mortgage upon real property shall be discharged except as provided in ORS 86.110 or by the person appearing upon the records of the county where the mortgage is recorded to be the owner thereof. A discharge of the mortgage by such person shall operate to free the land described in the mortgage from the lien of the mortgage as against all subsequent purchasers and incumbrances for value and without notice.
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