1. Except as otherwise provided in subsection 2, a recorded deed of trust may be discharged by an entry on the margin of the record thereof, signed by the trustee or the trustees personal representative or assignee in the presence of the recorder or the recorders deputy, acknowledging the satisfaction of or value received for the deed of trust and the debt secured thereby. The recorder or the recorders deputy shall subscribe the entry as witness. The entry has the same effect as a reconveyance of the deed of trust acknowledged and recorded as provided by law. The recorder shall properly index each marginal discharge. 2. If the deed of trust has been recorded by a microfilm or other photographic process, a marginal release may not be used and an acknowledged reconveyance of the deed of trust must be recorded. 3. If the recorder or the recorders deputy is presented with a certificate executed by the trustee or the trustees personal representative or assignee, specifying that the deed of trust has been paid or otherwise satisfied or discharged, the recorder or the recorders deputy shall discharge the deed of trust upon the record.
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