(1) Upon presentation of a duly executed release in notarial form, the registration of the servitude shall be cancelled, and the servitude shall thereupon be extinguished.
(2) On the application of any person affected thereby, the Registrar may cancel the registration of a servitude upon proof to his or her satisfaction that—
(a) the period of time for which it was intended to subsist has expired; or
(b) the event upon which it was intended to terminate has occurred; or
(c) it has been abandoned.