Sample Document for a Real Estate Mortgage in the Philippines
legal form for real estate mortgage
Acceptance and discharge of the full amount of my (Mortgage) NOTE tendered by REAL ESTATE MORTGAGE NETWORK, River Edge, NJ and REMN, Duluth, GA.Full description
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SAMPLE DISCHARGE OF MORTGAGE
[list name of person discharging the mortgage - the "mortgagee"], an individual with an address of [list address of mortgagee] , the sole owner and holder of a mortgage dated [list date mortgage was signed], in the amount of $ [e.g. 50,000.00], and executed by [list name of person signing the mortgage - the "mortgagor"], an individual with an address of [list name of mortgagor], which mortgage was recorded [list where and when mortgage was recorded], does hereby: 1. Certify that the above mortgage and the debt secured by such mortgage are fully paid, satisfied and discharged, and that the mortgage is fully and forever released from the property described therein; 2. Release to the person or persons legally entitled entitled thereto all right, title and interest that the undersigned may have acquired in and to the property by reason of such mortgage; and 3. Authorize Authorize and direct the Register of Deeds of said county to discharge and cancel the mortgage of record.
IN WITNESS WHEREOF, this Discharge of Mortgage is executed under
seal on the__________day of_________________, of_________________, 19_____.
Executed in the presence of:
______________________________ ______________________________ ____________________________(Seal) ____________________________(Seal) [list name of mortgagee] (Signature of witness)
______________________________ ______________________________ (Signature of witness)
STATE OF _____________________
COUNTY OF ____________________
In _______________, on the _____________ day of ____________, 19___, before me, a Notary Public in and for the above state and county, personally appeared [list name of mortgagor], known to me or proved to be the person named in and who executed the foregoing instrument, and being first duly sworn, such person acknowledged that he or she executed said instrument for the purposes therein contained as his or her free and voluntary act and deed.
_______________________________ NOTARY PUBLIC
My Commission Expires: ________
(SEAL)
After recording, return to:_____________________________________