This verse only applies to the born again. who are "not under the Law, but under Grace"..
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KJ21
blotting out the handwriting of ordinances that was against us, which was contrary to us. He took it out of the way, nailing it to His cross;
ASV
having blotted out the bond written in ordinances that was against us, which was contrary to us: and he hath taken it out of the way, nailing it to the cross;
AMPC
Having cancelled
and blotted out
and wiped away the handwriting of the note (bond) with its legal decrees
and demands which was in force
and stood against us (hostile to us). This [note with its regulations, decrees, and demands] He set aside
and cleared completely out of our way by nailing it to [His] cross.