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RELEASE OF Mortgage

This document summarizes the release of a mortgage on a parcel of land. It states that the compulsory heir of the deceased mortgagee received full payment of 300,000 Philippine pesos from the mortgagor, releasing and canceling the mortgage that was registered in 2011. It includes signatures from the heir releasing the mortgage, two witnesses, and a notary acknowledging the release.

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Frederick Eboña
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7K views2 pages

RELEASE OF Mortgage

This document summarizes the release of a mortgage on a parcel of land. It states that the compulsory heir of the deceased mortgagee received full payment of 300,000 Philippine pesos from the mortgagor, releasing and canceling the mortgage that was registered in 2011. It includes signatures from the heir releasing the mortgage, two witnesses, and a notary acknowledging the release.

Uploaded by

Frederick Eboña
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 OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

I, ____________, of legal age, Filipino, married to the deceased


mortgagee _____________, and a resident of Brgy. Sta Cruz, Tinambac,
Camarines Sur, Philippines.

WITNESSETH:

That I am the compulsory heir and successor of interest of


the mortgagee in the Deed of Real Estate Mortgage executed by the
mortgagor ______________ on April 11, 2011 in favor of my deceased
spouse ______________ as the mortgagee and registered as Doc. No. 50;
Page No. 05; Book No. 03; Series of 2011 in the Notarial Register of Notary
Public Atty. _______________;

That having this date received the full amount of THREE HUNDRED
THOUSAND PESOS (P300,000.00), 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 Certificate of Title No. 10572 of the Registry of Deeds of
Camarines Sur situated in the Municipality of Tinambac with an area of Nine
Thousand Three Hundred Twenty Three (9, 323) square meters, more or
less.

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


_____________ at _____________, Philippines.

_______________
Compulsory Heir of the deceased Mortgagee

SIGNED IN THE PRESENCE OF:

_________________ __________________
WITNESS WITNESS
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF )s.s.
x- - - -- - - - - - - - - - - - - - - - - - - - - - -x

BEFORE ME, in the City of Naga, Philippines, this ______ of


___________, 2019, personally appeared ________________ with CTC
No./Valid ID No. ____________ issued by __________________ on
__________________ whom I have identified through competent evidence
of identity and who represented to me that his signature on the foregoing
instrument was voluntarily affixed by him for the purposes stated in the
instrument and who declared that he has executed the foregoing instrument
as his free and voluntary act and deed.

The forgoing instrument, consisting of two (2) pages, including the


page on which this acknowledgment is written, refers to the RELEASE OF
MORTGAGE signed by the party and his instrumental witnesses on each and
every page hereof.

WITNESS MY HAND AND SEAL.

Doc No.____;
Page No.____;
Book No.____;
Series of 2019.

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