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RELEASE AND CANCELLATION OF Mortgage

This document summarizes the release and cancellation of a mortgage or loan. It states that the mortgagee received full payment of the amount owed, which settles the obligation secured by the mortgage. As a result, the mortgagee hereby releases, discharges and cancels the mortgage covering a parcel of land, as identified by the title number and location. The document is signed and notarized to finalize the cancellation.

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Martin Martel
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4K views2 pages

RELEASE AND CANCELLATION OF Mortgage

This document summarizes the release and cancellation of a mortgage or loan. It states that the mortgagee received full payment of the amount owed, which settles the obligation secured by the mortgage. As a result, the mortgagee hereby releases, discharges and cancels the mortgage covering a parcel of land, as identified by the title number and location. The document is signed and notarized to finalize the cancellation.

Uploaded by

Martin Martel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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RELEASE AND CANCELLATION OF 

MORTGAGE/LOAN
KNOW ALL MEN BY THESE PRESENTS:

That I, _____________, of legal age, Filipino, (single / married /


widow), and a resident of _____________, Philippines,

WITNESSETH:
That I am the Mortgagee in that Deed of Real Estate Mortgage executed by
_____________ on _____________ and registered as Doc. No. ______;
Page No. ______; Book No. ______; Series of ______, in the
Notarial Register of Notary Public _____________;

That having this date received the full amount of


__________________________ (P__________), in Philippine Currency,
from the Mortgagor, which is in full and complete settlement of the
obligation secured by the said mortgage, I do hereby forever RELEASE,
DISCHARGE, AND CANCEL the aforementioned Mortgage, covering the
parcel of land covered by Original/Transfer Certificate of Title No
_____________ of the Registry of Deeds of _____________, situated in the
City/Municipality of _____________ with an area of _____________
(________) square meters, more or less.

IN WITNESS WHEREOF, I have hereunto set my hand, this _____________


at _____________, Philippines.

_________________________
Mortgagee

SIGNED IN THE PRESENCE OF:

_________________ _______________
ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF DIGOS )
X=====================/

BEFORE ME, a Notary Public for and in the Province of Davao del Sur, on this
_________________ of Digos City, Philippines, personally appeared the above-named parties
known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free acts and voluntary deed.

Witness my hand and notarial seal on the date and place first above-written.

Doc. No. ______;


Page No. ______;
Book No. ______;
Series of 2021

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