Section 12Part 0 —
Mortgagees having been paid to enter satisfaction
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Any mortgagee of any lands, tenements, real or personal estates whatsoever within these Islands, having received full satisfaction and payment of all such sum and sums of money as are really due to the mortgagee by such mortgagor shall, at the request of the mortgagor, enter satisfaction upon the margin of such mortgage, recorded or to be recorded in the office of the Public Recorder which shall forever hereafter discharge, defeat and release the same, and shall likewise perpetually bar all actions brought or to be brought thereupon in any court of record within these Islands; and if such mortgagee shall not, within three months after request and tender made for that mortgagee's reasonable charges, repair to the office of the Public Recorder or other proper office and there make such acknowledgement as aforesaid, that mortgagee so refusing shall, for every such offence, forfeit and pay unto the party or parties aggrieved the sum of one hundred dollars, to be recovered in any court of record within these Islands.