Guam § 65405 - Recording of Cancellation Certificate.

§ 65405. Recording of Cancellation Certificate.

(a) Upon tentative approval of the cancellation petition, the

Department of Agriculture shall record in the Department of Land

Management a certificate which shall set forth the name of the

owner of such land at the time the contract was cancelled with the

amount of the cancellation fee certified by the Department as

being due pursuant to this Article, the contingency of any waiver

or deferment of payments, and a legal description of the property.

From the date of recording of such certificate the contract shall be

finally cancelled and, to the extent cancellation fee has not yet

been paid, a lien shall be created and attached against the real

property described therein and any other real property owned by

the person named therein as the owner. Such lien shall have the

force, effect and priority of a judgment lien. Nothing in this

section or in § 65404 shall preclude the Department from

requiring payment in full of the cancellation fee prior to the

cancellation becoming effective.

(b) In no case shall the cancellation of a contract be final until

the notice of cancellation is actually recorded as provided in this

section. Notwithstanding any other provision of law, any

payments required by § 65404 shall not create nor impose a lien

or charge on the land as to which a contract is cancelled except as

herein provided.

(c) Upon the payment of the cancellation fee or any portion

thereof the Department of Agriculture shall record with the

Department of Land Management a written certificate of the

release in whole or in part of the lien.