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The significance of recording a satisfaction of mortgage lies in officially indicating that a mortgage has been fully paid off. When a lender signs this document, it is filed in public records, demonstrating that the mortgage is no longer a lien on the property. Official record books maintain these documents permanently, and a satisfaction of mortgage serves to show changes in the title chain during title searches. Furthermore, it confirms that the debt is cleared, and property owners should also obtain the promissory note upon payment, as it can be seen as a negotiable instrument. Recording this satisfaction is crucial for establishing clear property ownership.