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The significance of recording a satisfaction of mortgage lies in formalizing that the mortgage has been paid off, thereby eliminating the lender's lien on the property. When a lender signs the satisfaction document, it is filed in public records, indicating that the debt is no longer outstanding. This process does not remove documents from official records; instead, it adds a new document that reflects the change in the chain of title. As part of this process, it's essential for homeowners to obtain the promissory note, as it is viewed as a negotiable instrument, ensuring that they have proof of payment. Recording the satisfaction clearly communicates to anyone conducting a title search that the mortgage is fully paid.