[{"data":1,"prerenderedAt":519},["ShallowReactive",2],{"document-release-of-mortgage-D12710":3},{"document":4,"label":24,"preview":11,"thumb":25,"thumb600":26,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":27,"breadcrumb":31,"related":37,"customDescModule":180,"customdescription":6,"mdFm":181,"mdProseHtml":518},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":23},"RELEASE OF MORTGAGE The undersigned, of __, hereby certifies that the mortgage, dated, executed by , as mortgagor, to , as mortgagee, and recorded on , in the office of the County of , State of , in the Book of Mortgages, page , together with the debt secured by said mortgages, has been fully paid, satisfied, released and discharged, and that the property secured thereby has been released from the lien of such mortgage. In WITNESS WHEREOF, The undersigned has executed this release on ",null,"Release Of Mortgage","1",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/release-of-mortgage-D12710.png","https://templates.business-in-a-box.com/imgs/250px/12710.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12710.xml",{"title":15,"description":6},"release of mortgage",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":21,"url":22},"Release Agreements","/templates/release-agreement/","release mortgage","Release Of Mortgage Template","https://templates.business-in-a-box.com/imgs/400px/12710.png","https://templates.business-in-a-box.com/imgs/600px/12710.png",[28,17,20],{"label":29,"url":30},"Templates","/templates/",[32,33,34],{"label":29,"url":30},{"label":18,"url":19},{"label":35,"url":36},"Loans & Promissory Notes","/templates/loans-and-promissory-notes/",[38,42,46,50,54,58,62,66,70,74,78,82,86,107,123,137,152,167],{"label":39,"url":40,"thumb":41,"extension":10},"Mortgage","/template/mortgage-D1183","https://templates.business-in-a-box.com/imgs/250px/1183.png",{"label":43,"url":44,"thumb":45,"extension":10},"Assignment of Mortgage","/template/assignment-of-mortgage-D1156","https://templates.business-in-a-box.com/imgs/250px/1156.png",{"label":47,"url":48,"thumb":49,"extension":10},"Mortgage Deed","/template/mortgage-deed-D988","https://templates.business-in-a-box.com/imgs/250px/988.png",{"label":51,"url":52,"thumb":53,"extension":10},"Mortgage Note","/template/mortgage-note-D1182","https://templates.business-in-a-box.com/imgs/250px/1182.png",{"label":55,"url":56,"thumb":57,"extension":10},"Mutual Release","/template/mutual-release-D1043","https://templates.business-in-a-box.com/imgs/250px/1043.png",{"label":59,"url":60,"thumb":61,"extension":10},"Unilateral Liability Release","/template/unilateral-liability-release-D1045","https://templates.business-in-a-box.com/imgs/250px/1045.png",{"label":63,"url":64,"thumb":65,"extension":10},"Employee Photo and Recording Release","/template/employee-photo-and-recording-release-D1042","https://templates.business-in-a-box.com/imgs/250px/1042.png",{"label":67,"url":68,"thumb":69,"extension":10},"Release and Permission to Use Testimonial and Photographs","/template/release-and-permission-to-use-testimonial-and-photographs-D5211","https://templates.business-in-a-box.com/imgs/250px/5211.png",{"label":71,"url":72,"thumb":73,"extension":10},"Release Of Lien","/template/release-of-lien-D12665","https://templates.business-in-a-box.com/imgs/250px/12665.png",{"label":75,"url":76,"thumb":77,"extension":10},"Information Release Authorization","/template/information-release-authorization-D549","https://templates.business-in-a-box.com/imgs/250px/549.png",{"label":79,"url":80,"thumb":81,"extension":10},"Location Release Agreement","/template/location-release-agreement-D14006","https://templates.business-in-a-box.com/imgs/250px/14006.png",{"label":83,"url":84,"thumb":85,"extension":10},"Media Release Form","/template/media-release-form-D12887","https://templates.business-in-a-box.com/imgs/250px/12887.png",{"description":87,"descriptionCustom":6,"label":88,"pages":89,"size":90,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":95,"keywords":105,"url":106},"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},[96,99,102],{"label":97,"url":98},"Finance & Accounting","finance-accounting",{"label":100,"url":101},"Business Loans","business-loan",{"label":103,"url":104},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":108,"descriptionCustom":6,"label":109,"pages":8,"size":110,"extension":10,"preview":111,"thumb":112,"svgFrame":113,"seoMetadata":114,"parents":115,"keywords":121,"url":122},"ASSIGNMENT OF DEED OF TRUST This Assignment of Deed of Trust (the \"Assignment\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Trustor\"), 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: [TRUSTEE NAME] (the \"Trustee\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS","Assignment of Deed of Trust",28,"https://templates.business-in-a-box.com/imgs/1000px/assignment-of-deed-of-trust-D975.png","https://templates.business-in-a-box.com/imgs/250px/975.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#975.xml",{"title":6,"description":6},[116,118],{"label":18,"url":117},"business-legal-agreements",{"label":119,"url":120},"Deeds","deed","assignment deed trust","/template/assignment-of-deed-of-trust-D975",{"description":124,"descriptionCustom":6,"label":125,"pages":126,"size":9,"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","2","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":97,"url":98},{"label":100,"url":101},{"label":100,"url":101},"/template/loan-agreement-D417",{"description":138,"descriptionCustom":6,"label":139,"pages":140,"size":141,"extension":10,"preview":142,"thumb":143,"svgFrame":144,"seoMetadata":145,"parents":146,"keywords":150,"url":151},"SUBORDINATION AGREEMENT This Subordination Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Borrower), 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: [SECOND PARTY NAME] (the \"General Partner\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [THIRD PARTY NAME] (the \"Lender\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS [COMPANY NAME] (herein called the \"Borrower\") is indebted and may hereafter become further indebted or liable to the undersigned (herein called [SPECIFY]); WHEREAS concurrently with the execution hereof, [COMPANY NAME] (the \"Lender\") and the Borrower did execute a credit agreement bearing formal date of [DATE] (the said agreement, as same may be amended, supplemented or restated at any time and from time to time, shall be referred to herein as the \"Credit Agreement\"); WHEREAS [COMPANY NAME] is the general partner of the Borrower (the \"General Partner\"); WHEREAS it is a condition of the Credit Agreement that [SPECIFY] enter into this Subordination Agreement in favor of the Lender; WHEREAS the General Partner is a wholly-owned subsidiary of [SPECIFY] it is in the best interests and to the advantage of [SPECIFY] that the Lender agree to lend to the Borrower an amount up to the Aggregate Commitment on the terms and conditions of the Credit Agreement; NOW, THEREFORE, in consideration of the Lender making advances to the Borrower pursuant to the Credit Agreement, and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, [SPECIFY] covenants and agrees with the Lender as follows: [SPECIFY] hereby acknowledges, agrees and confirms that, subject to Section [NUMBER], any and all present and future Indebtedness and liabilities of the Borrower to [SPECIFY] (all of which present and future Indebtedness and liabilities being herein collectively called \"[SPECIFY] Indebtedness\" are hereby and shall hereafter be junior and subordinate to, and the payment thereof, whether in whole or in part, and whether as to principal, interest, fees or otherwise, and whether at or prior to maturity or upon acceleration of maturity, is postponed to the prior payment in full of, all present and future Indebtedness and liabilities of the Borrower to the Lender under the Credit Agreement (all of which present and future Indebtedness and liabilities being herein collectively called \"Lender Indebtedness\"); and any and all Liens now or hereafter held by [SPECIFY] for [SPECIFY] Indebtedness or any part thereof (all of which present and future Liens being herein collectively called \"[SPECIFY] Liens\"), as well as all rights, remedies and recourses which now are or may hereafter be granted by the Borrower to [SPECIFY], whether directly or indirectly, under the terms of the [SPECIFY] Liens are hereby and shall hereafter be subject, postponed, and fully and completely subordinated to any and all Liens now or hereafter held by the Lender for Lender Indebtedness or any part thereof including, without limitation, the Liens constituted pursuant to the Security Documents to which the Borrower is a party (all of which present and future Liens being herein collectively called \"Lender Liens\"), notwithstanding any priorities that might otherwise be established by [YOUR COUNTRY LAW] and resulting either from the nature of the Lien which now is or may hereafter be created under the [SPECIFY] Liens, or from the date of execution, issue, delivery, registration, notification, publication or perfection of any deed, document, instrument or notice, or otherwise howsoever. In order to effectuate this Agreement, subject to Section [NUMBER], [SPECIFY] hereby assigns, transfers and makes over to the Lender any and all [SPECIFY] Indebtedness; and [SPECIFY] hereby authorizes the Lender to collect and receive any dividends, distributions or payments which may be payable to [SPECIFY] in the course of any receivership, bankruptcy, liquidation or winding-up of the Borrower or upon realization of any [SPECIFY] Liens, and in the event of the amount of Lender Indebtedness at such time not being paid in full (in principal, interest, costs and accessories), [SPECIFY] hereby authorizes the Lender to apply the amount of the dividends, distributions or payments so collected by the Lender in payment of the balance of the Lender Indebtedness, the surplus, if any, to be paid to [SPECIFY]. [SPECIFY] shall, upon demand of the Lender, execute all sworn statements of claim, assignments and other documents and do all matters and things which may be necessary or advisable in the opinion of the Lender, acting reasonably, to give effect to this Agreement. Subject to Section [NUMBER], moneys owing and which may hereafter become owing by the Borrower to [SPECIFY] shall not be paid to or withdrawn by [SPECIFY], but shall hereafter either remain on the books of the Borrower or be paid to the Lender pursuant to this Agreement, unless the Lender's prior written consent is obtained. Any moneys received by [SPECIFY] or by any agent of [SPECIFY] on account of any [SPECIFY] Indebtedness without the prior written consent of the Lender shall be held as agent for the Lender and shall forthwith be paid to the Lender upon demand. Notwithstanding any provision to the contrary herein contained, unless an Event of Default shall have occurred and be continuing, the Borrower may pay to [SPECIFY], without the prior written consent of the Lender:","Subordination Agreement","4",55,"https://templates.business-in-a-box.com/imgs/1000px/subordination-agreement-D423.png","https://templates.business-in-a-box.com/imgs/250px/423.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#423.xml",{"title":6,"description":6},[147,148,149],{"label":97,"url":98},{"label":100,"url":101},{"label":100,"url":101},"subordination agreement","/template/subordination-agreement-D423",{"description":153,"descriptionCustom":6,"label":154,"pages":155,"size":9,"extension":10,"preview":156,"thumb":157,"svgFrame":158,"seoMetadata":159,"parents":161,"keywords":160,"url":166},"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":160,"description":6},"real estate purchase agreement",[162,163],{"label":18,"url":117},{"label":164,"url":165},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",{"description":168,"descriptionCustom":6,"label":169,"pages":126,"size":170,"extension":10,"preview":171,"thumb":172,"svgFrame":173,"seoMetadata":174,"parents":175,"keywords":178,"url":179},"QUITCLAIM DEED This Quitclaim Deed (the \"Agreement\") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), 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: [SECOND PARTY NAME] (the \"Second Party\"), 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] WITNESSETH, That the said First Party on behalf of himself, his heirs, executors, administrators, successors, representatives and assigns, for good consideration and for the sum of [AMOUNT] cash in hand paid at or before delivery of this document by the said Second Party, the receipt whereof is hereby acknowledged, does hereby remise, release and quitclaim unto the said Second Party forever, all the right, title, interest and claim which the said First Party has in and to the following described parcel of land, and improvements and appurtenances thereto in the City of [City], State/Province of [STATE/PROVINCE], to wit: [DESCRIBE] ","Quitclaim Deed",32,"https://templates.business-in-a-box.com/imgs/1000px/quitclaim-deed-D394.png","https://templates.business-in-a-box.com/imgs/250px/394.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#394.xml",{"title":6,"description":6},[176,177],{"label":18,"url":117},{"label":119,"url":120},"quitclaim deed","/template/quitclaim-deed-D394",false,{"seo":182,"reviewer":194,"legal_disclaimer":198,"quick_facts":199,"at_a_glance":201,"personas":205,"variants":230,"glossary":256,"clauses":289,"how_to_fill":335,"common_mistakes":376,"faqs":401,"industries":429,"comparisons":446,"diy_vs_lawyer":460,"jurisdictions":473,"related_template_ids_curated":494,"schema":505,"classification":506},{"meta_title":183,"meta_description":184,"primary_keyword":185,"secondary_keywords":186},"Release of Mortgage Template (Free Word)","Free release of mortgage template confirming full loan repayment and discharging the lender's lien on real property. Used in 190+ countries. Free Word and PDF download.","release of mortgage template",[187,188,189,190,191,192,193],"mortgage release form","satisfaction of mortgage template","discharge of mortgage template","release of mortgage form free","mortgage payoff release document","release of lien mortgage","mortgage satisfaction letter template",{"name":195,"credential":196,"reviewed_date":197},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":200,"legal_review_recommended":198,"signature_required":198,"notarization_required":198},"medium",{"what_it_is":202,"when_you_need_it":203,"whats_inside":204},"A Release of Mortgage is a legally binding document issued by a lender confirming that a borrower has fully repaid a mortgage loan and that the lender's lien on the property is extinguished. This template is a free Word download you can edit online and export as PDF — ready for notarization and recording with the appropriate land registry or county recorder's office.\n","Use it when a borrower makes the final mortgage payment and the lender must formally discharge the lien from the property's title record. It is also required when a loan is paid off early through refinancing or a lump-sum payoff, or when a partial release is needed after a portion of the secured property is sold.\n","Lender and borrower identification, original mortgage details including recording information, a declaration that the debt has been fully satisfied, a formal release of lien, and signature blocks for notarized execution by the authorized lender representative.\n",[206,210,214,218,222,226],{"title":207,"use_case":208,"icon_asset_id":209},"Private lenders and hard-money lenders","Discharging a lien after a borrower repays a privately financed loan","persona-lender",{"title":211,"use_case":212,"icon_asset_id":213},"Small business owners","Clearing a commercial property title after paying off a business mortgage","persona-small-business-owner",{"title":215,"use_case":216,"icon_asset_id":217},"Real estate investors","Releasing liens on investment properties before sale or refinancing","persona-real-estate-investor",{"title":219,"use_case":220,"icon_asset_id":221},"Real estate attorneys","Preparing release documents on behalf of lender clients at loan payoff","persona-attorney",{"title":223,"use_case":224,"icon_asset_id":225},"Title companies and closing agents","Ensuring clean title by securing and recording a release before closing","persona-title-agent",{"title":227,"use_case":228,"icon_asset_id":229},"Homeowners","Confirming their mortgage lien is removed from the public record after final payment","persona-homeowner",[231,235,238,242,246,250,253],{"situation":232,"recommended_template":233,"slug":234},"Full repayment of a residential or commercial mortgage","Release of Mortgage","release-of-mortgage-D12710",{"situation":236,"recommended_template":237,"slug":234},"Partial payoff releasing only a portion of the secured parcels","Partial Release of Mortgage",{"situation":239,"recommended_template":240,"slug":241},"Releasing a mechanics lien or construction lien on real property","Release of Lien","release-of-lien-D12665",{"situation":243,"recommended_template":244,"slug":245},"Confirming full satisfaction of a deed of trust in a non-judicial state","Deed of Reconveyance","assignment-for-deed-D974",{"situation":247,"recommended_template":248,"slug":249},"Borrower and lender agreeing to cancel all secured obligations","Mortgage Discharge Agreement","deed-of-discharge-D980",{"situation":251,"recommended_template":252,"slug":249},"Lender acknowledging receipt of payoff and releasing personal guarantees","Release and Discharge of Guarantee",{"situation":254,"recommended_template":139,"slug":255},"Subordinating rather than releasing a second mortgage upon refinancing","subordination-agreement-D423",[257,260,263,266,269,271,274,277,280,283,286],{"term":258,"definition":259},"Lien","A legal claim a lender holds against a property as security for a debt, giving the lender the right to foreclose if the borrower defaults.",{"term":261,"definition":262},"Mortgagee","The lender who holds the mortgage lien on the property — the party who issues the release once the loan is repaid.",{"term":264,"definition":265},"Mortgagor","The borrower who grants the mortgage lien to the lender in exchange for the loan funds.",{"term":267,"definition":268},"Satisfaction of Mortgage","An alternative term for a release of mortgage, used in some states and provinces to mean the same document confirming a loan has been fully repaid and the lien discharged.",{"term":244,"definition":270},"The functional equivalent of a release of mortgage used in states where the property was originally secured by a deed of trust rather than a traditional mortgage.",{"term":272,"definition":273},"Recording","The act of filing a legal document with the county recorder, land registry, or register of deeds so it becomes part of the public property record.",{"term":275,"definition":276},"Clear Title","Ownership of real property free from liens, encumbrances, or competing claims that could affect the owner's right to sell or transfer the property.",{"term":278,"definition":279},"Notarization","The process by which a licensed notary public verifies the identity of a signing party and witnesses their signature, which is typically required for documents recorded in the public land record.",{"term":281,"definition":282},"Payoff Amount","The exact dollar figure, including principal, accrued interest, and fees, required to fully satisfy a mortgage loan on a specific date.",{"term":284,"definition":285},"Encumbrance","Any claim, lien, charge, or liability attached to real property that limits its free transfer — a mortgage is one of the most common encumbrances.",{"term":287,"definition":288},"Chain of Title","The chronological sequence of ownership records and encumbrances for a property, including all mortgages and their releases, traceable through the public land record.",[290,295,300,305,310,315,320,325,330],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Parties identification","Identifies the lender (mortgagee) by full legal name and address and the borrower (mortgagor) by full legal name — establishing who is releasing the lien and whose debt has been satisfied.","This Release of Mortgage is made by [LENDER FULL LEGAL NAME], a [ENTITY TYPE] organized under the laws of [STATE/PROVINCE] ('Mortgagee'), in favor of [BORROWER FULL LEGAL NAME] ('Mortgagor').","Using a trade name or DBA instead of the lender's registered legal entity name. If the name on the release does not exactly match the name on the original recorded mortgage, the county recorder may reject the filing.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Original mortgage reference","Cites the date, book, page or instrument number, and recording jurisdiction of the original mortgage so the release can be matched to the correct lien in the public record.","Reference is made to that certain Mortgage dated [DATE], executed by Mortgagor in favor of Mortgagee, recorded on [RECORDING DATE] in Book [BOOK NO.], Page [PAGE NO.], Instrument No. [INSTRUMENT NO.], in the records of [COUNTY/PARISH], [STATE].","Transcribing the book, page, or instrument number incorrectly. A single digit error means the release cannot be matched to the original lien and will be rejected by the recorder or flagged in a title search.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Property description","Sets out the full legal description of the real property being released — typically the metes-and-bounds or lot-and-block description from the original mortgage — and includes the property's street address and parcel number.","The property subject to this Release is legally described as: [FULL LEGAL DESCRIPTION], also known as [STREET ADDRESS], [CITY], [STATE] [ZIP], Parcel ID: [PARCEL NUMBER].","Using only the street address without the legal description. The legal description from the county deed or original mortgage is the binding identifier — a street address alone is insufficient for recording.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Acknowledgment of full satisfaction","States that the borrower has fully paid the mortgage debt and all obligations secured by the lien, and that no further amounts are owed under the original mortgage instrument.","Mortgagee hereby acknowledges receipt of the full payoff of the indebtedness secured by the above-described Mortgage, including all principal, interest, fees, and charges. The Mortgage debt has been fully paid and satisfied.","Omitting the phrase 'including all principal, interest, fees, and charges.' A narrower acknowledgment can leave open a dispute about whether ancillary charges — prepayment penalties, late fees, or escrow shortfalls — were included in the payoff.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Release and discharge of lien","The operative clause formally discharging the lender's lien and releasing the property from the encumbrance created by the original mortgage.","Mortgagee hereby releases and forever discharges the above-described property from the lien and encumbrance of the above-referenced Mortgage, and quitclaims all right, title, and interest held by Mortgagee in said property by virtue of said Mortgage.","Drafting release language that only cancels the note but not the lien itself. The release must expressly discharge the recorded mortgage instrument — canceling the promissory note alone does not remove the lien from the public record.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Authority and authorization","Confirms that the individual signing on behalf of the lender has actual authority to execute the release — critical when the lender is a corporation, LLC, bank, or trust.","The undersigned represents that [he/she/they] is a duly authorized officer of Mortgagee with full authority to execute this Release of Mortgage on behalf of Mortgagee.","Having an employee sign without verifying their signing authority. A release signed by someone without authority to bind the lender can be challenged, delaying or voiding the title clearing.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Notarization block","Provides the acknowledgment form for the notary public to complete, confirming the identity of the signer and the voluntary nature of the execution — required for recording in all US states and most other jurisdictions.","State of [STATE], County of [COUNTY]. Before me, the undersigned Notary Public, personally appeared [SIGNER NAME], known to me to be the [TITLE] of [LENDER NAME], and acknowledged that [he/she/they] executed the foregoing instrument for the purposes therein stated. My Commission expires: [DATE].","Using a generic notary block that does not match the state's required acknowledgment language. Many states mandate specific statutory acknowledgment wording — a nonconforming block can cause the county recorder to reject the document.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Governing law and recording instruction","Specifies the jurisdiction whose law governs the document and directs the borrower or their agent to record the release with the appropriate county or land registry office.","This Release shall be governed by the laws of [STATE/PROVINCE]. Mortgagor is directed to record this Release with the [COUNTY RECORDER / REGISTER OF DEEDS / LAND REGISTRY OFFICE] of [COUNTY/JURISDICTION] at Mortgagor's expense.","Failing to include recording instructions. Borrowers unfamiliar with real estate procedure sometimes store the release without recording it — leaving the lien technically active on the public record even though the debt is paid.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Signature and execution block","Provides the dated signature line for the authorized lender representative and a space for a witness signature where required by state or provincial law.","IN WITNESS WHEREOF, Mortgagee has executed this Release of Mortgage as of [DATE]. [LENDER LEGAL NAME] By: ___________________________ Name: [AUTHORIZED SIGNATORY NAME] Title: [TITLE] Witness: ___________________________","Dating the release before the payoff is actually received and confirmed. A prematurely dated release creates a risk that the lien is discharged before the funds clear — exposing the lender to a loss if the payment reverses.",[336,341,346,351,356,361,366,371],{"step":337,"title":338,"description":339,"tip":340},1,"Retrieve the original recorded mortgage","Pull the original mortgage document from the county recorder's public record to obtain the exact recording date, book number, page number or instrument number, and legal description of the property.","Cross-reference the recorder's online database against the physical document — data entry errors in public records do occur, and the release must match the recorded instrument exactly.",{"step":342,"title":343,"description":344,"tip":345},2,"Confirm the payoff amount and receipt of funds","Obtain a formal payoff statement from your loan servicer or accounting records showing the total amount paid, including principal, interest through the payoff date, and all fees. Do not prepare or sign the release until funds have cleared.","Issue the release within the statutory window required in your jurisdiction — most US states require release within 30–90 days of payoff, and penalties apply for late filing.",{"step":347,"title":348,"description":349,"tip":350},3,"Enter parties and mortgage reference details","Fill in the lender's full registered legal name, the borrower's full legal name, and all mortgage reference fields — recording date, book, page, and instrument number — exactly as they appear on the recorded original.","If the original loan was sold or assigned, the releasing party must be the current holder of record — not the original lender. Check the chain of assignments in the county record.",{"step":352,"title":353,"description":354,"tip":355},4,"Insert the full legal property description","Copy the legal description verbatim from the original mortgage or the property deed. Include the parcel identification number and street address as secondary identifiers.","Do not paraphrase or abbreviate the legal description. Even minor wording changes can create a mismatch that prevents recording.",{"step":357,"title":358,"description":359,"tip":360},5,"Complete the satisfaction and release clauses","Confirm that all principal, interest, fees, and charges have been paid, and that the lien is fully and forever discharged. Ensure the release language expressly references the recorded mortgage instrument by its recording details.","If the payoff satisfied multiple related instruments — a note, a mortgage, and a security agreement — list all of them in the satisfaction clause.",{"step":362,"title":363,"description":364,"tip":365},6,"Verify signing authority and obtain notarization","Confirm the signer is authorized under the lender's governing documents (corporate resolution, LLC operating agreement, or power of attorney). Have the signer appear before a licensed notary public with valid government-issued ID.","Use the notary acknowledgment language prescribed by the recording state — not a generic form. Many state recorder websites publish the required statutory language.",{"step":367,"title":368,"description":369,"tip":370},7,"Deliver and record the release","Provide the original notarized release to the borrower or their closing agent. Instruct them to record it with the county recorder, register of deeds, or land registry office in the county where the property is located and pay the applicable recording fee.","Confirm recording by obtaining a conformed copy with the recorder's stamp and instrument number — retain it in your loan file and provide a copy to the borrower.",{"step":372,"title":373,"description":374,"tip":375},8,"Update your loan records and notify relevant parties","Mark the loan as closed in your loan management system, archive all payoff and recording documentation, and notify the borrower's title insurer if a title policy is in place.","Send the borrower a written confirmation letter referencing the recorded instrument number — this gives them a clean paper trail for any future title question.",[377,381,385,389,393,397],{"mistake":378,"why_it_matters":379,"fix":380},"Misquoting the original recording information","A single transposed digit in the book number, page, or instrument number means the release cannot be linked to the correct lien — the county recorder will reject it or it will be missed in a title search, leaving the property encumbered.","Pull the exact recording details directly from the county recorder's database and verify them character by character before completing the template. Have a second person review the numbers.",{"mistake":382,"why_it_matters":383,"fix":384},"Releasing before confirming cleared funds","A release executed before the payoff funds clear gives the borrower a clean title while the lender still faces the risk of a reversed payment — leaving no lien to secure the now-unsecured debt.","Establish a written policy requiring payoff funds to clear the lender's account — typically 3–5 business days for wire transfers — before the release is signed and dated.",{"mistake":386,"why_it_matters":387,"fix":388},"Using a non-conforming notary acknowledgment","Most county recorders reject instruments with out-of-state or non-statutory notary acknowledgment language, delaying recording by weeks and potentially requiring a corrective affidavit.","Use the notary acknowledgment language published by the recorder's office or state statute in the jurisdiction where the property is located — not the jurisdiction where the lender is located.",{"mistake":390,"why_it_matters":391,"fix":392},"Failing to record the release promptly","An unrecorded release does not clear the lien from the public title record. The property will show an open mortgage in any title search, blocking a future sale or refinance until the release is recorded.","Include recording instructions in the release document itself and follow up with the borrower or closing agent within 10 business days of delivery to confirm the instrument has been recorded.",{"mistake":394,"why_it_matters":395,"fix":396},"Wrong releasing party when the loan was assigned","If the original lender sold the loan to a servicer or investor, the original lender has no authority to release — only the current holder of record can discharge the lien. A release from a party with no recorded interest in the mortgage is void.","Search the county recorder's database for all assignments recorded after the original mortgage. The party executing the release must be the most recent assignee of record, or have a recorded power of attorney from that party.",{"mistake":398,"why_it_matters":399,"fix":400},"Omitting the full legal property description","A release that identifies the property only by street address or parcel number — without the metes-and-bounds or lot-and-block legal description — may be rejected by the recorder or held unenforceable as insufficiently specific.","Copy the full legal description verbatim from the original mortgage instrument or the most recent recorded deed, including any easements or appurtenances referenced in the original conveyance.",[402,405,408,411,414,417,420,423,426],{"question":403,"answer":404},"What is a release of mortgage?","A release of mortgage is a legal document issued by a lender confirming that a borrower has fully repaid a mortgage loan and that the lender's lien on the property is extinguished. Once notarized and recorded with the county recorder or land registry, it removes the mortgage from the property's public title record, giving the owner clear title free of that encumbrance. It is also called a satisfaction of mortgage, mortgage discharge, or — where a deed of trust was used — a deed of reconveyance.\n",{"question":406,"answer":407},"When does a lender need to issue a release of mortgage?","A lender must issue a release whenever the secured mortgage debt is fully paid — whether through scheduled monthly payments reaching term, an early payoff from a refinance, or a lump-sum settlement. In most US states, the lender is legally required to provide the release within 30–90 days of receiving full payoff. Failure to release within the statutory period typically exposes the lender to penalties, damages, and attorney's fees payable to the borrower.\n",{"question":409,"answer":410},"Does a release of mortgage need to be notarized?","Yes, in virtually all US states and Canadian provinces, a release of mortgage must be notarized before it can be accepted for recording in the public land record. The notary verifies the identity of the signing party and witnesses their signature. Many states also require the notary's acknowledgment to follow specific statutory language — a generic acknowledgment block may be rejected by the county recorder.\n",{"question":412,"answer":413},"Who is responsible for recording the release of mortgage?","In most jurisdictions, the lender is responsible for preparing the release and delivering it to the borrower, while the borrower or their closing agent is responsible for recording it with the county recorder and paying the recording fee. However, some lenders and mortgage servicers record the release directly as part of their post-payoff process. The release has no effect on the public title record until it is actually recorded — delivery alone is insufficient.\n",{"question":415,"answer":416},"What is the difference between a release of mortgage and a deed of reconveyance?","Both documents accomplish the same goal — removing a lender's security interest from real property after the loan is repaid — but they apply to different security instruments. A release of mortgage applies when the original loan was secured by a traditional mortgage, where the borrower holds legal title and grants a lien to the lender. A deed of reconveyance applies when the loan was secured by a deed of trust, where legal title was transferred to a third-party trustee. Deeds of trust are standard in California, Texas, and about 30 other US states.\n",{"question":418,"answer":419},"What happens if a lender fails to release the mortgage after payoff?","If the lien remains on the public record after full payoff, the borrower cannot sell or refinance the property without resolving the open mortgage. Most US states allow the borrower to file a court action to compel the lender to release, and many states impose statutory penalties of $500–$2,500 per day of delay, plus attorney's fees. The borrower may also be able to record a certificate of satisfaction supported by payoff documentation if the lender fails to respond within the statutory window.\n",{"question":421,"answer":422},"Can a release of mortgage be used for a partial payoff?","A standard release of mortgage discharges the entire lien after full payoff of the debt. If only a portion of the secured property is sold or paid off — common in construction and land development — a partial release of mortgage is required. A partial release identifies the specific parcel or portion being released, confirms the portion of the debt attributed to that parcel has been satisfied, and leaves the remaining lien intact over the unreleased portion.\n",{"question":424,"answer":425},"How long does it take to record a release of mortgage?","Recording timelines vary significantly by county. Urban counties with electronic recording systems typically process documents within 1–5 business days. Rural counties with manual recording may take 2–6 weeks. Once recorded, the instrument number and recording date are stamped on the document, and the recording details are indexed in the public record. Always request a conformed copy with the recording stamp as proof.\n",{"question":427,"answer":428},"Do I need a lawyer to prepare a release of mortgage?","For a straightforward residential or commercial payoff between a domestic private lender and borrower in a single jurisdiction, a well-drafted template is often sufficient. Engage a real estate attorney when the original loan was assigned multiple times and the chain of title is unclear, when the borrower disputes the payoff amount, when the property spans multiple parcels or jurisdictions, or when the lender is an estate, trust, or foreign entity with complex signing authority requirements.\n",[430,434,438,442],{"industry":431,"icon_asset_id":432,"specifics":433},"Real Estate","industry-real-estate","Releases are required at every residential and commercial property closing where an existing mortgage must be discharged before title can be conveyed free and clear to a buyer.",{"industry":435,"icon_asset_id":436,"specifics":437},"Banking and Financial Services","industry-fintech","Banks and credit unions must track and issue releases within statutory windows across multiple states, making standardized templates and workflow controls critical to avoiding statutory penalties.",{"industry":439,"icon_asset_id":440,"specifics":441},"Construction and Development","industry-construction","Construction lenders routinely issue partial releases as individual lots or units are sold out of a larger secured development, requiring careful parcel-by-parcel legal descriptions.",{"industry":443,"icon_asset_id":444,"specifics":445},"Professional Services","industry-professional-services","Real estate attorneys and title companies prepare releases on behalf of lender clients and must ensure the recording details, notary language, and legal description conform to local recorder requirements in each county.",[447,450,453,456],{"vs":244,"vs_template_id":448,"summary":449},"D{DEED_OF_RECONVEYANCE_ID}","A deed of reconveyance is the functional equivalent of a release of mortgage but applies specifically to loans secured by a deed of trust — the standard security instrument in roughly 30 US states including California and Texas. In a deed of trust, legal title vests in a trustee; the reconveyance transfers it back to the borrower. Use a release of mortgage where a traditional mortgage was recorded; use a deed of reconveyance where a deed of trust was used.",{"vs":248,"vs_template_id":451,"summary":452},"D{MORTGAGE_DISCHARGE_AGREEMENT_ID}","A mortgage discharge agreement is a bilateral contract between lender and borrower agreeing to cancel the mortgage — sometimes used when the payoff involves a negotiated settlement or disputed amount. A release of mortgage is a unilateral instrument issued by the lender as a matter of right once full payment is confirmed. For clean, undisputed payoffs, a release of mortgage is simpler and more appropriate.",{"vs":240,"vs_template_id":454,"summary":455},"D{RELEASE_OF_LIEN_ID}","A release of lien is a broader category covering any recorded lien on real or personal property — including mechanics liens, judgment liens, and tax liens — not just mortgage liens. A release of mortgage is the specific instrument for discharging a recorded mortgage or deed of trust after loan payoff. Use a release of lien when the encumbrance is a mechanics lien or judgment; use a release of mortgage for a paid-off home or commercial loan.",{"vs":457,"vs_template_id":458,"summary":459},"Promissory Note Cancellation","D{PROMISSORY_NOTE_CANCELLATION_ID}","A promissory note cancellation acknowledges that the underlying debt instrument has been paid and voids the note — but it does not discharge the recorded lien on the real property. A release of mortgage is the recorded instrument that actually clears the encumbrance from the public title record. Both documents should be produced at payoff; canceling the note without recording a release leaves the lien technically active.",{"use_template":461,"template_plus_review":465,"custom_drafted":469},{"best_for":462,"cost":463,"time":464},"Private lenders and small business owners handling a straightforward single-parcel payoff with no chain-of-assignment complications","Free","30–60 minutes",{"best_for":466,"cost":467,"time":468},"Lenders dealing with assigned loans, commercial properties, multi-parcel releases, or unfamiliar state recording requirements","$300–$700","1–3 business days",{"best_for":470,"cost":471,"time":472},"Complex commercial mortgage payoffs, disputed loan balances, foreign lender entities, or properties spanning multiple jurisdictions","$1,000–$3,500+","1–2 weeks",[474,479,484,489],{"code":475,"name":476,"flag_asset_id":477,"note":478},"us","United States","flag-us","Releases must be notarized and recorded with the county recorder, register of deeds, or land court in the county where the property is located. Statutory deadlines to release range from 30 days (e.g., Florida) to 90 days (e.g., New York) after payoff, with penalties for late filing. Roughly 30 states use deeds of trust instead of traditional mortgages — in those states, a deed of reconveyance is the correct instrument. Notary acknowledgment language must conform to each state's statutory form.",{"code":480,"name":481,"flag_asset_id":482,"note":483},"ca","Canada","flag-ca","Mortgage discharge procedures are governed provincially. In Ontario, a discharge of charge is filed with the Land Registry Office under the Land Registration Reform Act; electronic registration through Teraview is standard for lawyers. In Quebec, a radiation of hypothec is required and must be filed with the Quebec Land Register by a notary. British Columbia uses a discharge of mortgage filed with the Land Title Office. Each province has different forms and filing fees.",{"code":485,"name":486,"flag_asset_id":487,"note":488},"uk","United Kingdom","flag-uk","In England and Wales, a mortgage is discharged by completing Land Registry Form DS1 (discharge of a registered charge) or DS3 (partial discharge) and submitting it to HM Land Registry. Electronic discharge through the Land Registry Business Gateway is available to licensed conveyancers. In Scotland, a Discharge of Standard Security is registered with Registers of Scotland. Lenders must discharge the charge within a reasonable time after full repayment — failure can give rise to a claim in damages.",{"code":490,"name":491,"flag_asset_id":492,"note":493},"eu","European Union","flag-eu","Mortgage release procedures vary significantly by member state and are governed by national property and land registration law rather than EU-wide regulation. In Germany, a Löschungsbewilligung (cancellation consent) must be filed with the Grundbuchamt (land registry). In France, a mainlevée d'hypothèque is filed with the Service de la publicité foncière. GDPR considerations apply where the release document contains personal data processed by a financial institution. Cross-border EU mortgage transactions may involve multiple national registries.",[495,496,497,498,241,255,499,500,501,502,503,504],"mortgage-D1183","promissory-note-D434","assignment-of-deed-of-trust-D975","loan-agreement-D417","real-estate-purchase-agreement-D13234","quitclaim-deed-D394","warranty-deed-D993","personal-guarantee-D405","demand-for-extension-of-payment-date-D444","assignment-of-mortgage-D1156",{"emit_how_to":198,"emit_defined_term":198},{"primary_folder":117,"secondary_folder":507,"document_type":508,"industry":509,"business_stage":510,"tags":511,"confidence":517},"loans-and-promissory-notes","notice","general","all-stages",[512,513,514,515,516],"real-estate","legal","mortgage","release","lien-discharge",0.92,"\u003Ch2>What is a Release of Mortgage?\u003C/h2>\n\u003Cp>A \u003Cstrong>Release of Mortgage\u003C/strong> is a legally binding instrument issued by a lender — the mortgagee — confirming that a borrower has fully satisfied a mortgage debt and formally discharging the lender's lien from the real property that served as collateral. Once notarized and recorded with the appropriate county recorder, register of deeds, or land registry office, it removes the mortgage encumbrance from the property's public title record and restores unencumbered ownership to the borrower. Depending on jurisdiction, the document may also be called a satisfaction of mortgage, mortgage discharge, or — where a deed of trust was the original security instrument — a deed of reconveyance. The key operative effect is identical: the lien is extinguished, the chain of title is cleared, and the property may be sold or refinanced without the encumbrance appearing in a title search.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a recorded release, the mortgage remains an active lien on the public title record even after the debt is paid in full — indefinitely. Every future title search will surface the open mortgage, and no title insurer will issue a clean policy until the lien is discharged. In practice, this means the borrower cannot sell the property or close a refinance without first resolving the unrecorded payoff, often at significant delay and cost. For lenders, failing to issue and record a release within the statutory window — which runs from 30 to 90 days in most US states — triggers penalties, statutory damages, and attorney's fee awards payable to the borrower. A properly drafted, notarized, and recorded release eliminates all of these risks in a single instrument, gives the borrower documentary proof of clear title, and closes the lender's file with a clean and defensible paper trail.\u003C/p>\n",1781185943943]