§ 35-10-20 When indebtedness presumed to have been paid
§ 35-10-21 When payment required to be entered in record
§ 35-10-22 Partial payments – When entered on margin of record
§ 35-10-23 Partial payments – Notices or demands to enter partial payments or satisfaction
§ 35-10-24 Partial payments – Entry by execution and delivery of separate instrument
§ 35-10-25 Executors and administrators authorized to execute releases, etc
§ 35-10-26 Title revested upon payment of debt
§ 35-10-27 Entry of full payment or satisfaction in record – Generally
§ 35-10-28 Entry of full payment or satisfaction in record – Satisfaction by one of several joint mortgagees, etc
§ 35-10-29 Entry of full payment or satisfaction in record – Vendor’s or other lien reserved in conveyance
§ 35-10-30 Penalty
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Terms Used In Alabama Code > Title 35 > Chapter 10 > Article 2 - Satisfaction of Mortgage Liens

  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Grantor: The person who establishes a trust and places property into it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • preceding: means next before. See Alabama Code 1-1-1
  • Probate: Proving a will
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
  • writing: includes typewriting and printing on paper. See Alabama Code 1-1-1