[{"data":1,"prerenderedAt":529},["ShallowReactive",2],{"document-deed-of-cancellation-of-hypothec-D979":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":183,"customdescription":6,"mdFm":184,"mdProseHtml":528},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"DEED OF CANCELLATION OF HYPOTHEC This Deed of Cancellation of Hypothec (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [CREDITOR NAME] (the \"Creditor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] [CREDITOR NAME], a legal person constituted under the [COUNTRY BUSINESS CORPORATIONS ACT], whose head office is located at [FULL ADDRESS], herein acting and represented by [NAME], its President, duly authorized for the purposes hereof by virtue of a resolution of the board of directors dated [DATE]:",null,"Deed of Cancellation of Hypothec","2",38,"doc","https://templates.business-in-a-box.com/imgs/1000px/deed-of-cancellation-of-hypothec-D979.png","https://templates.business-in-a-box.com/imgs/250px/979.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#979.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":20,"url":21},"Deeds","/templates/deed/","deed cancellation hypothec","Deed of Cancellation of Hypothec 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Policy","/template/no-cancellation-policy-D13451","https://templates.business-in-a-box.com/imgs/250px/13451.png",{"label":53,"url":54,"thumb":55,"extension":10},"24h Cancellation Policy","/template/24h-cancellation-policy-D12685","https://templates.business-in-a-box.com/imgs/250px/12685.png",{"label":57,"url":58,"thumb":59,"extension":10},"Hypothec on Movables","/template/hypothec-on-movables-D987","https://templates.business-in-a-box.com/imgs/250px/987.png",{"label":61,"url":62,"thumb":63,"extension":10},"Moveable Hypothec Agreement","/template/moveable-hypothec-agreement-D990","https://templates.business-in-a-box.com/imgs/250px/990.png",{"label":65,"url":66,"thumb":67,"extension":10},"Assignment for Deed","/template/assignment-for-deed-D974","https://templates.business-in-a-box.com/imgs/250px/974.png",{"label":69,"url":70,"thumb":71,"extension":10},"Deed Of Conveyance","/template/deed-of-conveyance-D12693","https://templates.business-in-a-box.com/imgs/250px/12693.png",{"label":73,"url":74,"thumb":75,"extension":10},"Deed of Discharge","/template/deed-of-discharge-D980","https://templates.business-in-a-box.com/imgs/250px/980.png",{"label":77,"url":78,"thumb":79,"extension":10},"Gift Deed","/template/gift-deed-D13517","https://templates.business-in-a-box.com/imgs/250px/13517.png",{"label":81,"url":82,"thumb":83,"extension":10},"Mortgage Deed","/template/mortgage-deed-D988","https://templates.business-in-a-box.com/imgs/250px/988.png",{"description":85,"descriptionCustom":6,"label":86,"pages":87,"size":88,"extension":10,"preview":89,"thumb":90,"svgFrame":91,"seoMetadata":92,"parents":93,"keywords":100,"url":101},"MORTGAGE This Mortgage (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Mortgagor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [MORTGAGEE NAME] (the \"Mortgagee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS WHEREAS, Mortgagor is justly indebted to Mortgagee in the sum of [AMOUNT] in lawful money of [COUNTRY], and has agreed to pay the same, with interest thereon, according to the terms of a certain note (the \"Note\") given by Mortgagor to Mortgagee, bearing even date herewith. DESCRIPTION OF PROPERTY SUBJECT TO LIEN: \"PREMISES\" NOW, THEREFORE, in consideration of the premises and the sum hereinabove set forth, and to secure the payment of the Secured Indebtedness as defined herein, Mortgagor has granted, bargained, sold and conveyed, and by these presents does grant, bargain, sell and convey unto Mortgagee property situated in [CITY, STATE/PROVINCE] more particularly described in Exhibit\" A\" attached hereto and by this reference made a part hereof; TOGETHER with all buildings, structures and other improvements now or hereafter located on, above or below the surface of the property herein before described, or any part and parcel thereof; and, TOGETHER with all and singular the tenements, easements, riparian and littoral rights, and appurtenances thereunto belonging or in anywise appertaining, whether now owned or hereafter acquired by Mortgagor, and including all rights of ingress and egress to and from adjoining property (whether such rights now exist or subsequently arise) together with the reversion or reversions, remainder and remainders, rents, issues and profits thereof; and also all the estate, right, title, interest, claim and demand whatsoever of Mortgagor of, in and to the same and of, in and to every part and parcel thereof; and, TOGETHER with all machinery, apparatus, equipment, fittings, fixtures, whether actually or constructively attached to said property and including all trade, domestic and ornamental fixtures, and articles of personal property of every kind and nature whatsoever (hereinafter collectively called \"Equipment\"), now or hereafter located in, upon or under said property or any part thereof and used or usable in connection with any present or future operation of said property and now owned or hereafter acquired by Mortgagor; and, TOGETHER with all the common elements appurtenant to any parcel, unit or lot which is all or part of the Premises; and, ALL the foregoing encumbered by this Mortgage being collectively referred to herein as the \"Premises\"; TO HAVE AND TO HOLD the Premises hereby granted to the use, benefit and behalf of the Mortgagee, forever. EQUITY OF REDEMPTION Conditioned, however, that if Mortgagor shall promptly pay or cause to be paid to Mortgagee, at its address listed in the Note, or at such other place which may hereafter be designated by Mortgagee, its or their successors or assigns, with interest, the principal sum of [AMOUNT] with final maturity, if not sooner paid, as stated in said Note unless amended or extended according to the terms of the Note executed by Mortgagor and payable to the order of Mortgagee, then these presents shall cease and be void, otherwise these presents shall remain in full force and effect. COVENANTS OF MORTGAGOR Mortgagor covenants and agrees with Mortgagee as follows: Secured Indebtedness: This Mortgage is given as security for the Note and also as security for any and all other sums, indebtedness, obligations and liabilities of any and every kind arising, under the Note or this Mortgage, as amended or modified or supplemented from time to time, and any and all renewals, modifications or extensions of any or all of the foregoing (all of which are collectively referred to herein as the \"Secured Indebtedness\"), the entire Secured Indebtedness being equally secured with and having the same priority as any amounts owed at the date hereof. Performance of Note, Mortgage: Mortgagor shall perform, observe and comply with all provisions hereof and of the Note and shall promptly pay, in lawful money of [COUNTRY], to Mortgagee the Secured Indebtedness with interest thereon as provided in the Note, this Mortgage and all other documents constituting the Secured Indebtedness. Extent Of Payment Other Than Principal And Interest: Mortgagor shall pay, when due and payable, (1) all taxes, assessments, general or special, and other charges levied on, or assessed, placed or made against the Premises, this instrument or the Secured Indebtedness or any interest of the Mortgagee in the Premises or the obligations secured hereby; (2) premiums on policies of fire and other hazard insurance covering the Premises, as required herein; (3) ground rents or other lease rentals; and (4) other sums related to the Premises or the indebtedness secured hereby, if any, payable by Mortgagor. Insurance: Mortgagor shall, at its sole cost and expense, keep the Premises insured against all hazards as is customary and reasonable for properties of similar type and nature located in [CITY, STATE/PROVINCE]. Care of Property: Mortgagor shall maintain the Premises in good condition and repair and shall not commit or suffer any material waste to the Premises. ","Mortgage","4",50,"https://templates.business-in-a-box.com/imgs/1000px/mortgage-D1183.png","https://templates.business-in-a-box.com/imgs/250px/1183.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1183.xml",{"title":6,"description":6},[94,97],{"label":95,"url":96},"Real Estate","real-estate-business",{"label":98,"url":99},"Business Checklists","business-checklists","mortgage","/template/mortgage-D1183",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":111,"keywords":121,"url":122},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[112,115,118],{"label":113,"url":114},"Finance & Accounting","finance-accounting",{"label":116,"url":117},"Business Loans","business-loan",{"label":119,"url":120},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":124,"descriptionCustom":6,"label":125,"pages":8,"size":126,"extension":10,"preview":127,"thumb":128,"svgFrame":129,"seoMetadata":130,"parents":132,"keywords":131,"url":136},"LOAN AGREEMENT This Loan Agreement (\"Agreement\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Promise to Pay Within [NUMBER] months from today, Borrower promises to pay to Lender the sum of [AMOUNT], and interest and other charges stated below. Responsibility Although this Agreement may be signed below by more than one person, Borrower understands that both parties are individuals responsible for paying back the full amount. Breakdown of Loan Amount of Loan: Other (Describe): Amount Financed: Finance Charge: Total of Payments: Annual Rate: Repayment Borrower will repay the amount of this note in [NUMBER] equal uninterrupted monthly installments of [AMOUNT] each on the [DAY] of each month starting on the [DATE], and ending on [DATE]. Prepayment Borrower has the right to prepay the whole outstanding amount at any time","Loan Agreement",513,"https://templates.business-in-a-box.com/imgs/1000px/loan-agreement-D417.png","https://templates.business-in-a-box.com/imgs/250px/417.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#417.xml",{"title":131,"description":6},"loan agreement",[133,134,135],{"label":113,"url":114},{"label":116,"url":117},{"label":116,"url":117},"/template/loan-agreement-D417",{"description":138,"descriptionCustom":6,"label":139,"pages":87,"size":126,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":145,"keywords":144,"url":152},"SECURED LUMP-SUM PROMISSORY NOTE AGREEMENT This Secured Lump-Sum Promissory Note Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME], (the \"Issuer\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (the \"Holder\") company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] FOR VALUE RECEIVED, the undersigned Issuer hereby promises to pay to the order of the Holder, the maximum Principal Amount of [PRINCIPAL AMOUNT] together with interest on the unpaid Principal Amount (as defined in this Agreement) outstanding from time to time at the rate (or rates) hereafter specified, and all other sums which may be owing to the Holder by the Issuer hereunder. The terms of the Note are as follows: MATURITY DATE AND PAYMENT TERMS This Note will mature, and be due and payable in full, on [DATE] (the \"Maturity Date\") and shall be paid in the lump sum amount of [LUMP SUM AMOUNT TO BE PAID]. INTEREST From and after the date hereof, all outstanding principal of this Note will bear simple interest at the rate of [PERCENT OF INTEREST] per annum. On the date that is [NUMBER OF DAYS] days after the date of this Note, the Issuer shall pay the then accrued interest on this Note. Upon the occurrence and during the continuance of any Event of Default (as hereinafter defined) under this Note, all outstanding principal of this Note shall bear interest at the rate of [PERCENT OF INTEREST] per annum. All outstanding principal and accrued but unpaid interest on this Note shall be payable on the Maturity Date. SECURITY This Note is Secured by a Security Agreement on the Issuer's Property, described as [PROPERTY DESCRIPTION], hereinafter known as the \"Security,\" which shall transfer to the possession and ownership of the Holder immediately in case of Acceleration. The Security may not be sold or transferred without the Holder's consent until the Maturity Date. If the Issuer breaches this provision, the Holder may declare all sums due under this Note immediately due and payable, unless prohibited by applicable law. The Holder shall have the sole option to accept the Security as full payment for the Principal Amount without further liabilities or obligations. If the market value of the Security does not exceed the Principal Amount, the Issuer shall remain liable for the balance due while accruing interest at the maximum rate allowed by law. PREPAYMENT The Issuer may prepay this Note prior to the Maturity Date, without premium or penalty, upon written notice to the Holder. EVENTS OF DEFAULT The occurrence of any one or more of the following events shall constitute an \"Event of Default\" under this Note: the failure of the Issuer to pay any sum due under this Note when due, whether by demand or otherwise, and such sum remains unpaid for five (5) days after the Due Date; and any other Event of Default described in the Security Agreement that might be signed between the Parties regarding the Property that is pledged as collateral to the loan. RIGHTS AND REMEDIES UPON DEFAULT ","Secured Lumpsum Promissory Note Agreement","https://templates.business-in-a-box.com/imgs/1000px/secured-lumpsum-promissory-note-agreement-D13041.png","https://templates.business-in-a-box.com/imgs/250px/13041.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13041.xml",{"title":144,"description":6},"secured lumpsum promissory note agreement",[146,149],{"label":147,"url":148},"Business Plan Kit","business-plan-kit",{"label":150,"url":151},"Business Procedures","business-procedures","/template/secured-lumpsum-promissory-note-agreement-D13041",{"description":154,"descriptionCustom":6,"label":155,"pages":156,"size":126,"extension":10,"preview":157,"thumb":158,"svgFrame":159,"seoMetadata":160,"parents":162,"keywords":166,"url":167},"RELEASE OF LIEN The undersigned representative of ___________________________________________________________, at _______________________________________, acknowledges receipt of the sum of ____________________________________ ($__________), which is $_______________, less the fees of $_______________, for materials, labour and/or services provided to [COMPANY NAME], for the project known as: located at: ","Release Of Lien","1","https://templates.business-in-a-box.com/imgs/1000px/release-of-lien-D12665.png","https://templates.business-in-a-box.com/imgs/250px/12665.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12665.xml",{"title":161,"description":6},"release of lien",[163,165],{"label":17,"url":164},"business-legal-agreements",{"label":17,"url":164},"release lien","/template/release-of-lien-D12665",{"description":169,"descriptionCustom":6,"label":170,"pages":171,"size":126,"extension":10,"preview":172,"thumb":173,"svgFrame":174,"seoMetadata":175,"parents":177,"keywords":176,"url":182},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing","Real Estate Purchase Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":176,"description":6},"real estate purchase agreement",[178,179],{"label":17,"url":164},{"label":180,"url":181},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",false,{"seo":185,"reviewer":197,"quick_facts":201,"at_a_glance":204,"personas":208,"variants":233,"glossary":261,"clauses":295,"how_to_fill":346,"common_mistakes":387,"faqs":412,"industries":440,"comparisons":457,"diy_vs_lawyer":471,"jurisdictions":484,"related_template_ids_curated":505,"schema":515,"classification":516},{"meta_title":186,"meta_description":187,"primary_keyword":188,"secondary_keywords":189},"Deed of Cancellation of Hypothec Template | Free Word Download","Free Deed of Cancellation of Hypothec template. Formally discharge a hypothec once a secured debt is repaid.","deed of cancellation of hypothec",[190,191,192,193,194,195,196],"deed of cancellation of hypothec template","hypothec cancellation form","discharge of hypothec","cancellation of hypothec word template","release of hypothec","hypothec discharge letter","deed of release of security interest",{"name":198,"credential":199,"reviewed_date":200},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":202,"legal_review_recommended":203,"signature_required":203},"advanced",true,{"what_it_is":205,"when_you_need_it":206,"whats_inside":207},"A Deed of Cancellation of Hypothec is a legally binding document executed by a creditor (hypothecary creditor) to formally discharge a hypothec — a security interest registered against an immovable or movable property — once the underlying secured debt has been fully repaid or otherwise extinguished. This free Word download gives you a structured, registrable starting point you can edit online and export as PDF for notarial or registry filing.\n","Use it when a borrower has fully repaid a secured loan, mortgage, or line of credit and the creditor is obligated to release the registered hypothec from the title or security register. It is also required when a debt is forgiven, settled, or otherwise discharged by agreement.\n","Identification of both parties, a precise description of the original hypothec and the property it encumbered, a declaration of full repayment or discharge, the operative release clause, registration instructions, and signature and notarial blocks required for title registry filing.\n",[209,213,217,221,225,229],{"title":210,"use_case":211,"icon_asset_id":212},"Mortgage lenders and banks","Releasing a registered hypothec after a borrower repays their mortgage in full","persona-lender",{"title":214,"use_case":215,"icon_asset_id":216},"Commercial real estate owners","Clearing a hypothec from a property title to facilitate a clean resale or refinancing","persona-real-estate-owner",{"title":218,"use_case":219,"icon_asset_id":220},"Business owners","Discharging a hypothec on commercial assets once a business loan is settled","persona-small-business-owner",{"title":222,"use_case":223,"icon_asset_id":224},"Notaries and conveyancers","Preparing the registrable cancellation instrument on behalf of a creditor client","persona-notary",{"title":226,"use_case":227,"icon_asset_id":228},"Private lenders","Documenting the release of a personal hypothec granted as security for a private loan","persona-private-lender",{"title":230,"use_case":231,"icon_asset_id":232},"Corporate counsel","Managing portfolio-level discharge of hypothecs following a syndicated loan repayment","persona-corporate-counsel",[234,238,242,246,250,254,258],{"situation":235,"recommended_template":236,"slug":237},"Cancelling a hypothec on immovable property (real estate)","Deed of Cancellation of Hypothec (Immovable)","deed-of-cancellation-of-hypothec-D979",{"situation":239,"recommended_template":240,"slug":241},"Releasing a floating charge over movable business assets","Release of Security Interest (Movable)","conflicts-of-interest-policy-D12632",{"situation":243,"recommended_template":244,"slug":245},"Discharging a mortgage registered under common-law land title","Discharge of Mortgage","mortgage-D1183",{"situation":247,"recommended_template":248,"slug":249},"Releasing a pledge or lien on personal property","Release of Lien","release-of-lien-D12665",{"situation":251,"recommended_template":252,"slug":253},"Partial release of one property from a portfolio hypothec","Partial Discharge of Hypothec","deed-of-discharge-D980",{"situation":255,"recommended_template":256,"slug":257},"Confirming full settlement of debt and releasing all security simultaneously","Debt Settlement and Security Release Agreement","general-release-and-settlement-agreement-D12554",{"situation":259,"recommended_template":260,"slug":253},"Discharging a PPSA-registered security interest on equipment or inventory","PPSA Discharge of Security Interest",[262,265,268,271,274,277,280,283,286,289,292],{"term":263,"definition":264},"Hypothec","A security interest granted over immovable or movable property in civil law jurisdictions, giving the creditor rights against the property if the debt is not repaid.",{"term":266,"definition":267},"Hypothecary Creditor","The party (typically a lender or financier) who holds the hypothec as security for a debt obligation.",{"term":269,"definition":270},"Hypothecary Debtor","The property owner who granted the hypothec as collateral security for a loan or other obligation.",{"term":272,"definition":273},"Discharge","The formal release and extinguishment of a registered security interest, restoring unencumbered title to the property owner.",{"term":275,"definition":276},"Immovable Property","Real estate and land, including buildings and fixtures permanently attached to land — the most common subject of a hypothec.",{"term":278,"definition":279},"Land Registry","The government body responsible for recording ownership and security interests over immovable property; cancellation must be registered here to be effective against third parties.",{"term":281,"definition":282},"Notarial Act","A document prepared and certified by a notary public, required in civil law jurisdictions for real property instruments to be valid for registration.",{"term":284,"definition":285},"Encumbrance","Any registered charge, lien, hypothec, or security interest that limits the owner's free and unencumbered use or transfer of the property.",{"term":287,"definition":288},"Quittance","A formal acknowledgment that a debt has been paid in full, often incorporated into a deed of cancellation as the operative discharge declaration.",{"term":290,"definition":291},"Registration Number","The unique identifier assigned to the original hypothec upon registration, which must be cited in the cancellation deed so the registry can locate and discharge the correct entry.",{"term":293,"definition":294},"Acte de mainlevée","The French civil law term for a deed of release or cancellation, used in Quebec and other francophone civil law jurisdictions to formally lift a registered security interest.",[296,301,306,311,316,321,326,331,336,341],{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Identification of parties","Identifies the hypothecary creditor executing the cancellation and the hypothecary debtor whose property is being released, using full legal names and addresses.","[CREDITOR LEGAL NAME], a [ENTITY TYPE] duly incorporated under the laws of [JURISDICTION], with its registered office at [ADDRESS] ('Creditor'), hereby grants this deed in favour of [DEBTOR LEGAL NAME], residing at [ADDRESS] ('Debtor').","Using a trade name instead of the registered legal entity name. A mismatch between the original hypothec registration and the cancellation deed causes the land registry to reject the filing.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Description of the original hypothec","Precisely identifies the hypothec being cancelled by registration number, registration date, and the registry office where it was recorded.","This deed cancels the hypothec registered on [DATE] under registration number [REG NO.] at the [REGISTRY OFFICE NAME], [JURISDICTION], in the amount of $[ORIGINAL PRINCIPAL AMOUNT].","Citing an incorrect or outdated registration number. Even a single-digit transposition causes registry rejection and delays title clearance, potentially derailing a pending property sale.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Description of the encumbered property","Provides the full legal description of the property over which the hypothec was registered, including cadastral or lot number, municipal address, and any applicable reference to the land plan.","The hypothec encumbers the immovable property known and designated as Lot [LOT NUMBER] of the Cadastre of [MUNICIPALITY], [PROVINCE/STATE], bearing municipal address [FULL ADDRESS] ('Property').","Using only the municipal address instead of the full cadastral or legal land description. Registries use legal descriptions, not postal addresses, to identify property entries.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Declaration of repayment or discharge","States that the debt secured by the hypothec has been fully repaid, forgiven, or otherwise extinguished, forming the operative basis for the cancellation.","The Creditor hereby acknowledges and confirms that the debt secured by the said hypothec, in the total amount of $[AMOUNT], has been fully repaid and discharged by the Debtor as of [DATE OF FINAL PAYMENT], and that no further amounts remain outstanding thereunder.","Omitting the date of final payment or the amount confirmed as repaid. Without these specifics, the declaration is legally incomplete and may be challenged if a future dispute arises over whether the full debt was settled.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Operative cancellation and release clause","The core discharge language — formally cancels the hypothec and releases the property from the security interest, effective as of execution.","The Creditor hereby irrevocably cancels, releases, and discharges the said hypothec and all rights arising therefrom in respect of the Property, and consents to the striking of the said registration from the land register, effective as of [DATE].","Using permissive rather than operative language ('agrees to release' instead of 'hereby releases'). Courts and registries require present-tense operative words to treat the deed as a completed discharge, not a promise of future action.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Warranty of no further encumbrance","The creditor represents that it has not assigned or transferred the hypothec to any third party and holds the full authority to grant the cancellation.","The Creditor warrants that it is the sole registered holder of the said hypothec, that it has not assigned, transferred, or otherwise disposed of its rights thereunder to any third party, and that it has full authority to execute this deed of cancellation.","Omitting this warranty when the hypothec may have been syndicated or securitized. If the hypothec was sold to a third party, the original creditor lacks standing to cancel it — and the warranty exposes that gap before registration is attempted.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Registration instructions and authority","Authorizes the notary, conveyancer, or debtor's attorney to present the deed for registration at the applicable land or security registry and directs which registration entry to strike.","The Creditor hereby authorizes and directs [NAME OF NOTARY / ATTORNEY / REGISTRANT], or any other authorized representative, to present this deed for registration at the [REGISTRY OFFICE] and to take all steps necessary to effect the striking of registration number [REG NO.] from the land register.","Failing to name the authorized registrant or provide explicit registry instructions. Without this clause, the deed may be valid between the parties but cannot be acted upon at the registry, leaving the hypothec on title.",{"name":332,"plain_english":333,"sample_language":334,"common_mistake":335},"Costs and taxes","Allocates responsibility for registration fees, notarial costs, and any applicable transfer taxes between the parties — typically borne by the debtor.","All registration fees, notarial fees, land transfer taxes, and other costs incurred in connection with the registration of this deed of cancellation shall be borne exclusively by the Debtor, unless otherwise agreed in writing.","Not addressing costs at all. When no clause governs who pays, creditors sometimes refuse to cooperate until costs are resolved, stalling title clearance during time-sensitive transactions.",{"name":337,"plain_english":338,"sample_language":339,"common_mistake":340},"Governing law and jurisdiction","Specifies the jurisdiction whose laws govern the interpretation and enforcement of the deed — typically the jurisdiction where the property is located.","This deed of cancellation is governed by and construed in accordance with the laws of [PROVINCE/STATE/COUNTRY], and the parties submit to the exclusive jurisdiction of the courts of [JURISDICTION] for any dispute arising hereunder.","Choosing a governing law different from the property's location. Land law is territorial — most jurisdictions mandate that the law of the situs governs immovable property instruments, regardless of contractual choice.",{"name":342,"plain_english":343,"sample_language":344,"common_mistake":345},"Execution and notarial certification block","Provides signature lines for the creditor (and authorized officer if an entity), witness attestation, and notarial certification required for registry filing.","IN WITNESS WHEREOF, the Creditor has executed this deed on [DATE]. [CREDITOR SIGNATURE / AUTHORIZED SIGNATORY NAME / TITLE]. Certified before me on [DATE] by [NOTARY NAME], Notary Public for [JURISDICTION]. [NOTARY SEAL / SIGNATURE].","Having the deed signed by an employee without verifying they are an authorized signing officer under the creditor's constating documents. Registries can reject deeds signed by individuals who lack proven authority to bind the creditor entity.",[347,352,357,362,367,372,377,382],{"step":348,"title":349,"description":350,"tip":351},1,"Confirm the debt has been fully extinguished","Before preparing the deed, obtain a final account statement confirming the outstanding balance is zero and all interest, fees, and penalties have been settled. The deed's declaration of repayment must match your internal records exactly.","Request a written payoff confirmation from your loan administration system dated the same day as final receipt — this protects the creditor if the debtor later disputes the discharge amount.",{"step":353,"title":354,"description":355,"tip":356},2,"Retrieve the original hypothec registration details","Locate the original registration number, registration date, registry office name, and the registered amount from the land or security register. Pull the certified registry entry rather than relying on internal records alone.","Order a fresh title search on the property before drafting — confirm the hypothec still appears in its original form and has not been modified or partially assigned since registration.",{"step":358,"title":359,"description":360,"tip":361},3,"Enter the full legal names of both parties","Use the creditor's exact registered corporate name as it appears on the original hypothec. Use the debtor's full legal name or the entity's registered name. Cross-reference both against the original registration to ensure they match character for character.","If the creditor has changed its name since registration (merger, rebranding), attach a certified copy of the name change resolution to the deed to bridge the naming gap.",{"step":363,"title":364,"description":365,"tip":366},4,"Complete the property description using the legal land description","Enter the cadastral lot number, municipality, and province or state as they appear in the land register — not the postal address. Confirm the description matches the original hypothec instrument exactly.","In Quebec, cross-reference the property description against the current cadastral plan (Plan de cadastre) from the Registre foncier to catch any renumbering since the original registration.",{"step":368,"title":369,"description":370,"tip":371},5,"Complete the declaration of repayment with the final payment date and amount","State the total principal and interest amount confirmed as repaid and the date the final payment was received. This clause is the operative legal basis for the discharge and must be accurate.","If the debt was discharged by forgiveness or settlement rather than full repayment, adapt the language to reflect the specific mechanism — forgiveness and repayment have different tax implications in some jurisdictions.",{"step":373,"title":374,"description":375,"tip":376},6,"Name the authorized registrant in the registration instructions clause","Identify the notary, attorney, or conveyancer who will present the deed for registration. Include their full name and professional designation. Provide the exact registration number to be struck from the register.","In Quebec, only a notary may present an immovable property instrument for registration at the Registre foncier — confirm your named registrant holds this qualification before executing the deed.",{"step":378,"title":379,"description":380,"tip":381},7,"Execute before a notary and obtain certification","Both parties (or at minimum the creditor as the granting party) must sign before a notary public. The notary certifies the execution and affixes their seal — this certification is a prerequisite for registry filing in most civil law jurisdictions.","Confirm the notary's commission is current for the jurisdiction where the property is located. An expired or out-of-jurisdiction notarial certificate will cause the registry to reject the filing.",{"step":383,"title":384,"description":385,"tip":386},8,"File at the land or security registry and obtain the struck registration confirmation","Submit the notarially certified deed to the applicable registry with the correct filing fees. Obtain and retain the registry's written confirmation that registration number has been struck. Provide a copy to the debtor for their title records.","Do not rely on the filing receipt alone — request the updated title certificate showing the hypothec no longer appears. This is the document the debtor needs for a clean title search on resale or refinancing.",[388,392,396,400,404,408],{"mistake":389,"why_it_matters":390,"fix":391},"Misquoting the original registration number","The registry uses the registration number — not the property address or debtor name — to locate the entry to be struck. A single transposed digit causes outright rejection and can delay a pending property sale by days or weeks.","Pull the certified registry entry for the hypothec and copy the registration number directly from the official document rather than from internal loan files or correspondence.",{"mistake":393,"why_it_matters":394,"fix":395},"Creditor lacks authority to execute the cancellation","If the hypothec was assigned, securitized, or syndicated to a third party since registration, the original creditor no longer holds the security interest and cannot legally cancel it. Executing without standing is void and may expose the creditor to liability.","Confirm the current holder of the hypothec by reviewing the registry entry and any internal assignment records before drafting. If the hypothec was assigned, the current holder must execute the cancellation deed.",{"mistake":397,"why_it_matters":398,"fix":399},"Signing after debt settlement without confirming final interest and fees","Executing the deed while a small outstanding balance remains — accrued interest, administration fees, or discharge preparation costs — technically makes the repayment declaration false, creating a defective instrument.","Obtain a final payoff figure inclusive of all fees to the proposed execution date, collect that exact amount, and only then execute the deed with the correct repayment date and amount.",{"mistake":401,"why_it_matters":402,"fix":403},"Using only the postal address instead of the legal property description","Land registries in all major jurisdictions index entries by cadastral lot number or legal land description, not postal address. A deed citing only an address cannot be matched to the correct registry entry and will be rejected for filing.","Pull the full legal description from a current title search or certified registry extract and insert it verbatim into the property description clause of the deed.",{"mistake":405,"why_it_matters":406,"fix":407},"No notarial certification on a deed intended for real property registration","In civil law jurisdictions — Quebec, France, Belgium, and others — immovable property instruments that have not been certified before a notary are not accepted for registration at the land registry, leaving the hypothec on title regardless of the parties' intent.","Execute the deed before a notary public who is duly qualified in the jurisdiction where the property is located, and obtain the notarial act number and seal before submitting for registration.",{"mistake":409,"why_it_matters":410,"fix":411},"Not obtaining written confirmation that the registration has been struck","Filing the deed and receiving a filing receipt does not guarantee the registry has processed and struck the entry. If the registry rejects the filing on a technicality, the hypothec remains on title — unnoticed until the debtor attempts to sell or refinance.","After filing, request an updated title certificate or certified extract from the registry confirming the hypothec no longer appears. Provide the debtor with a copy as their definitive proof of clear title.",[413,416,419,422,425,428,431,434,437],{"question":414,"answer":415},"What is a Deed of Cancellation of Hypothec?","A Deed of Cancellation of Hypothec is a legal instrument executed by a creditor to formally discharge a hypothec — a civil law security interest registered against a property — once the secured debt has been fully repaid or otherwise extinguished. It must be filed at the applicable land or security registry to remove the encumbrance from the property's title. Without this deed, the hypothec remains on the register and clouds the debtor's title even after full repayment.\n",{"question":417,"answer":418},"What is the difference between a hypothec and a mortgage?","A hypothec is the civil law equivalent of a common-law mortgage — both are security interests registered against property to secure a debt. The key difference is legal tradition: hypothecs are used in civil law jurisdictions such as Quebec, France, Scotland, and South Africa, while mortgages are used in common-law jurisdictions such as most of the United States, English Canada, and England. The cancellation instrument follows the same distinction: deed of cancellation of hypothec in civil law systems, discharge of mortgage in common-law systems.\n",{"question":420,"answer":421},"When is a Deed of Cancellation of Hypothec required?","It is required whenever a registered hypothec needs to be removed from title — most commonly when the underlying loan is fully repaid, but also when a debt is forgiven, settled at a reduced amount, or extinguished by operation of law. It is also needed when a property is being sold or refinanced and the purchaser or new lender requires clean title as a condition of closing.\n",{"question":423,"answer":424},"Does a Deed of Cancellation of Hypothec need to be notarized?","In civil law jurisdictions — including Quebec, France, Belgium, and most of Latin America — yes, the deed typically must be executed before a notary public and certified as a notarial act before it will be accepted for registration at the land registry. In common-law jurisdictions that use equivalent instruments, notarization requirements vary but witnessing by a qualified person is generally required. Always confirm the formality requirements of the specific registry before execution.\n",{"question":426,"answer":427},"What happens if the creditor refuses to execute the cancellation deed?","A creditor who refuses to provide a discharge after full repayment is in breach of their obligation and the debtor may apply to a court for a court-ordered discharge. In Quebec, Articles 2795–2800 of the Civil Code govern the creditor's obligation to cancel. In most jurisdictions, the debtor can also seek damages for any losses caused by the delay, including a failed property sale. Consider consulting a notary or lawyer immediately if a creditor is unresponsive after confirmed repayment.\n",{"question":429,"answer":430},"Can a partial cancellation of a hypothec be registered?","Yes. A partial discharge or partial cancellation releases one property from a hypothec that covers multiple properties, or reduces the registered amount while leaving the security in place over remaining collateral. This is common in portfolio lending or staged development projects. A partial cancellation deed follows the same structure as a full cancellation but specifies which property or portion of the security is being released while confirming the hypothec continues over any remaining collateral.\n",{"question":432,"answer":433},"Who pays the costs of registering the cancellation?","Registration fees, notarial costs, and any applicable taxes are typically borne by the debtor (the property owner seeking clear title), as the discharge primarily benefits them. However, parties may agree otherwise in the original loan agreement or at the time of repayment. In Quebec, it is standard practice for the debtor's notary to prepare the deed at the debtor's expense following a written undertaking from the creditor to sign.\n",{"question":435,"answer":436},"How long does it take to register a Deed of Cancellation of Hypothec?","Processing times depend on the jurisdiction and registry. In Quebec, electronic registration at the Registre foncier is typically completed within 24 to 48 hours of submission by a notary with electronic access. Paper filings or registries with manual processing can take 5 to 20 business days. Factor this timeline into any property sale or refinancing closing date — registries cannot expedite processing simply because a transaction deadline is approaching.\n",{"question":438,"answer":439},"Is a Deed of Cancellation of Hypothec the same as a release letter from the bank?","No. A release letter or payoff letter from a bank confirms the debt is repaid but has no legal effect on the registered hypothec — it does not remove the encumbrance from the title register. Only a properly executed and registered deed of cancellation, filed at the land registry, achieves a legal discharge. Relying on a bank letter without registering the formal cancellation leaves the hypothec on title, which will appear on any subsequent title search.\n",[441,445,449,453],{"industry":442,"icon_asset_id":443,"specifics":444},"Real estate and property development","industry-real-estate","Developers and property owners must register cancellations before closing any sale or refinancing — a hypothec on title is a standard condition precedent to clean title transfer.",{"industry":446,"icon_asset_id":447,"specifics":448},"Banking and financial services","industry-fintech","Banks and credit unions process large volumes of hypothec cancellations as part of loan lifecycle management; errors in registration data trigger systemic title defects across lending portfolios.",{"industry":450,"icon_asset_id":451,"specifics":452},"Commercial lending and private equity","industry-professional-services","Syndicated loans secured by hypothecs require coordinated release instructions from all lender parties, making the warranty of authority clause and notarial certification especially critical.",{"industry":454,"icon_asset_id":455,"specifics":456},"Manufacturing and industrial","industry-manufacturing","Industrial property owners use cancellation deeds to clear hypothecs on plant and equipment facilities, often in connection with asset sales, sale-leasebacks, or equipment refinancing transactions.",[458,461,464,468],{"vs":244,"vs_template_id":459,"summary":460},"D{DISCHARGE_MORTGAGE_ID}","A discharge of mortgage is the common-law equivalent, used in US states, English Canada, the UK, and Australia. A deed of cancellation of hypothec serves the same function but operates under civil law principles and must comply with civil law registry formalities — including notarial certification in most jurisdictions. The correct instrument depends entirely on the legal tradition of the property's jurisdiction.",{"vs":248,"vs_template_id":462,"summary":463},"D{RELEASE_LIEN_ID}","A release of lien discharges a statutory lien — such as a construction lien or tax lien — that arises by operation of law rather than by agreement. A deed of cancellation of hypothec discharges a consensual security interest created by contract. The two documents serve different encumbrance types and are filed at different registries in most jurisdictions.",{"vs":465,"vs_template_id":466,"summary":467},"Debt Settlement Agreement","D{DEBT_SETTLEMENT_ID}","A debt settlement agreement documents the terms on which a debt is reduced or forgiven between the parties — it is a contract, not a registry instrument. A deed of cancellation of hypothec is the formal discharge document that flows from repayment or settlement and must be registered to remove the encumbrance from title. Both documents are often executed together when a debt is settled at less than full value.",{"vs":252,"vs_template_id":469,"summary":470},"D{PARTIAL_DISCHARGE_ID}","A partial discharge releases one specific property or a portion of the secured amount from a hypothec that covers multiple assets, while leaving the security intact over remaining collateral. A full deed of cancellation extinguishes the hypothec entirely. Use a partial discharge when releasing a property from a portfolio hypothec mid-term; use the full cancellation only when the entire secured obligation is extinguished.",{"use_template":472,"template_plus_review":476,"custom_drafted":480},{"best_for":473,"cost":474,"time":475},"Standard residential mortgage repayments where a notary or conveyancer will review and certify the deed before filing","Free","30–60 minutes to complete the template",{"best_for":477,"cost":478,"time":479},"Commercial property discharges, loans involving multiple parties, or jurisdictions with complex registry requirements","$300–$800 (notary or real estate lawyer review and certification)","2–5 business days",{"best_for":481,"cost":482,"time":483},"Syndicated loan releases, cross-border property portfolios, disputed discharges, or partial cancellations with complex collateral structures","$1,500–$5,000+","1–3 weeks",[485,490,495,500],{"code":486,"name":487,"flag_asset_id":488,"note":489},"us","United States","flag-us","Hypothecs are not used in the US common-law system — the equivalent instrument is a discharge or release of mortgage, deed of trust reconveyance, or UCC-3 termination statement for personal property security. Louisiana is the sole US state operating under a civil law tradition and uses hypothec terminology; all other states use common-law mortgage discharge instruments. Filing requirements and forms vary by county recorder's office.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"ca","Canada","flag-ca","Quebec is the only Canadian province governed by civil law, and the deed of cancellation of hypothec (acte de mainlevée) is the standard discharge instrument under Articles 2795–2800 of the Civil Code of Quebec. It must be notarized and registered at the Registre foncier du Québec. All other provinces use common-law mortgage discharge forms registered at provincial land title offices. In Ontario, a Discharge of Charge/Mortgage is registered through Teraview.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"uk","United Kingdom","flag-uk","Scotland operates under a civil law tradition and uses the standard security, which is discharged by a formal discharge deed (DS1) registered at the Registers of Scotland. In England and Wales, a common-law mortgage is discharged using Form DS1 at HM Land Registry. In Northern Ireland, discharge is registered at Land & Property Services. The term 'hypothec' is specifically a Scots law concept for certain statutory liens over moveables.",{"code":501,"name":502,"flag_asset_id":503,"note":504},"eu","European Union","flag-eu","Most EU member states use civil law and recognize hypothecs over immovable property. Requirements for cancellation vary: France requires a mainlevée executed before a notaire and filed at the Service de Publicité Foncière; Belgium requires registration at the Bureau des Hypothèques; Germany uses a Löschungsbewilligung registered at the Grundbuchamt. Cross-border EU property transactions may involve multiple registry systems, and GDPR-compliant handling of debtor personal data in the deed is required in all member states.",[506,245,507,508,509,249,510,511,509,512,513,514],"deed-of-hypothec-on-movables-D981","promissory-note-D434","loan-agreement-D417","secured-lumpsum-promissory-note-agreement-D13041","real-estate-purchase-agreement-D13234","assignment-of-deed-of-trust-D975","security-agreement-D915","non-profit-partnership-agreement-D14023","lease-agreement-D1179",{"emit_how_to":203,"emit_defined_term":203},{"primary_folder":164,"secondary_folder":517,"document_type":518,"industry":519,"business_stage":520,"tags":521,"confidence":527},"loans-and-promissory-notes","agreement","general","all-stages",[522,523,524,525,526],"real-estate","hypothec","deed-of-cancellation","security-interest","loan-discharge",0.85,"\u003Ch2>What is a Deed of Cancellation of Hypothec?\u003C/h2>\n\u003Cp>A \u003Cstrong>Deed of Cancellation of Hypothec\u003C/strong> is a legally binding instrument executed by a hypothecary creditor — typically a bank, lender, or private financier — to formally discharge a hypothec registered against immovable or movable property once the underlying secured debt has been fully repaid or otherwise extinguished. A hypothec is a civil law security interest that encumbers property title and gives the creditor enforcement rights against the asset if the debtor defaults. Once the obligation is satisfied, the creditor is legally obligated to provide this deed, which must be filed at the applicable land or security registry to remove the encumbrance from the property's public record. Until the cancellation is registered, the hypothec continues to appear on title searches, blocking clean title transfer, refinancing, and in some jurisdictions triggering ongoing registry fees.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>A fully repaid debt does not automatically clear a hypothec from the property register — the encumbrance remains on title until a properly executed and registered deed of cancellation is filed. For a property owner, an unreleased hypothec is a concrete obstacle: purchasers and new lenders will not proceed until the title is clean, and every day of delay on a closing costs money. For creditors, failing to provide the cancellation deed after full repayment exposes the institution to liability for the debtor's resulting losses and, in Quebec and other civil law jurisdictions, to court-ordered discharge proceedings. Using this template ensures you capture every required element — registration number, legal property description, repayment declaration, operative release language, notarial execution block, and registry instructions — so the deed is accepted for filing on first submission rather than returned for correction when time is already short.\u003C/p>\n",1779480719813]