Satisfaction of Mortgage


More Info
									Satisfaction of Mortgage
This document is executed by a lender under a mortgage agreement after the borrower
has fully paid off the principal loan. Once this document is executed and recorded, the
borrower is released from any and all claims, actions, suits, proceedings, and demands
in connection with the mortgage agreement. This document should be used by banks or
other lenders once a mortgage has been paid in full.
After recording mail to:

__[Name of Recipient]__
__[Street Address]__
__[City]__, __[State]__ __[Zip Code]__


                                 Above Space for Recorder’s Use Only

                                SATISFACTION OF MORTGAGE

      THIS DOCUMENT is signed by __[Name of Lender]__ of __[Lender’s Address]__ (the
“Mortgagee”), who is the owner and holder of the following described mortgage (the

       Mortgage dated __[Date of Mortgage Agreement]__, executed by __[Name of
Borrower]__ of __[Borrower’s Address]__ (the “Mortgagor”) to __[Name of Lender]___ to
secure payment of the principal amount of __[$ Amount of Loan]__, which Mortgage was
recorded on __[Date Recorded]__ in the Recorder/Registrar’s Office in __[County Name]___
County, ___[State]___, ___[Enter Recording Information, i.e. Book/Page #, Instrument #]__,
covering the property municipally known as __[Address of Property]__, and being legally
described as ____[Enter Legal Description of Property]_____.

       That Mortgagee hereby acknowledges full payment and satisfaction of the Mortgage,
does hereby surrender the Mortgage as cancelled, releases the property from the lien of the
Mortgage, and directs the Clerk of the Circuit Court in and for __[County Name]__ County,
___[State]___ to cancel the same of record.

      IN WITNESS WHEREOF, the Mortgagee has executed this Satisfaction of Mortgage on
__[Date of Execution]__.

                                                                 __[Name of Lender]___

                                                                 Name: _________________
                                                                 Title: __________________
                                                                 I have authority to bind the Company.

© Copyright 2014 Docstoc Inc. registered document proprietary, copy not                       2
                                                 NOTARY FORM

STATE OF ___________________
COUNTY OF _________________

BEFORE ME, the undersigned authority, on this ____________ day of __________________,
20_______, personally appeared _________________________________ to me well known to
be the person described in and who signed the foregoing, and acknowledged to me that he/she
executed the same freely and voluntarily for the uses and purposes therein expressed.

WITNESS my hand and official seal the date aforesaid.

___________________________, NOTARY PUBLIC

My Commission Expires: _________________

© Copyright 2014 Docstoc Inc. registered document proprietary, copy not         3

To top