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The significance of recording a satisfaction of mortgage lies in officially documenting that a mortgage debt has been paid off, removing it as a lien on the property. When the lender signs the satisfaction, this document is filed in public records, indicating that the debt is fulfilled. It's essential to understand that official records never remove documents; instead, new ones are added to reflect changes in ownership or title. Recording the satisfaction informs future title searches that the mortgage is no longer a claim on the property. Additionally, upon paying off a mortgage, obtaining the promissory note is important as it is considered a negotiable instrument.