Section 360. Cancellation of notice of pendency of action

If an action or
  proceeding to establish a lien upon such premises  terminates  otherwise
  than in a judgment establishing such a lien, or if the judgment be fully
  paid,  such notice of pendency of action or proceeding may be cancelled.
  Prior to the termination of such action or proceeding the notice may  be
  cancelled by giving an undertaking.