Section 410. Notice of filed papers

All papers filed by the registrar, and
  indexed and entered by him pursuant to this article, shall be  of  equal
  effect  as  to  notice,  in  the order of their filing as shown by their
  filing numbers, as are similar papers when recorded by county  clerk  or
  registers under the recording acts. Should an action for registration be
  discontinued  or  otherwise terminated without registration, an order of
  court to that effect shall be filed with the  registrar,  who  shall  at
  once  cause  all  the  papers  relating  to  the  title  to the property
  affected, filed with him, except the  notice  of  application  and  said
  order,  to  be  recorded  or  filed, and indexed, by the county clerk or
  register (as the case requires) in the order of their filing, on payment
  of the statutory fees.