Login

Fillable Printable Release of Part of Mortgaged Premises

Fillable Printable Release of Part of Mortgaged Premises

Release of Part of Mortgaged Premises

Release of Part of Mortgaged Premises

RELEASE OF PART OF MORTGAGED PREMISES
This Indenture made this       day of      , 20     , between
     ,abankorganizedandexistingpursuanttothelawsoftheStateofNewYork,havinga
principal place of business at      , (“Mortgagee”)
AND
     , with an office at      ( a domestic corporation organized and existing pursuant to the laws
of the State of New York having a principal place of business at      ) (“Mortgagor”).
W I T N E S S E T H :
That the Mortgagee is the holder of the Mortgages listed hereinafter below (“Mortgages”);
a)Mortgagedated     ,     intheamountof$     madeby     to     ,
recorded intheOffice ofthe(CityRegister)(Clerk)of theCountyof     on     ,
     inReel     ,atpage     ,whichMortgage(has)(hasnot) beenassigned
ofrecord (by Assignmentdated     ,     andrecordedintheOffice ofthe(City
Register)(Clerk) oftheCountyof     on     ,     inReel     ,atpage
     ).
b)Mortgagedated     ,     intheamountof$     madeby     to     ,
recorded intheOffice ofthe(CityRegister)(Clerk)of theCountyof     on     ,
     inReel     ,atpage     ,whichMortgage(has)(hasnot) beenassigned
ofrecord (by Assignmentdated     ,     andrecordedintheOffice ofthe(City
Register)(Clerk) oftheCountyof     on     ,     inReel     ,atpage
     ).
c)Consolidation,ExtensionandModificationAgreementdated     ,     between
     (“Mortgagor”and     (“Mortgagee”)(the“CEMA”)recordedintheOfficeof
the (CityRegister)(Clerk)oftheCountyof     on     ,     inReel     ,at
page     ,wherebythemortgages referredtoin“a&b”abovewereconsolidated
so as to form a first mortgage lien on the Premises in the sum of $     .
NOW,inconsiderationofthesumof       ($     )DOLLARS,andothergoodand
valuableconsideration,theadequacyandreceiptofwhichisherebyacknowledged,the
MortgageedoesherebygrantandreleaseuntotheMortgagor, itssuccessorsandassigns,any
lienorinterestthattheMortgageemayhaveunderitsMortgages,oranyofthem,inandtothe
premises described in Schedule A hereto.
Togetherwiththebenefitsandsubjecttotheburdens,ifany,ofanyeasementsand/or
rightsofingressandegresstothesubjectpremiseshereinreleasedoverthestreetsand
roadways.
Togetherwiththehereditamentsandappurtenancesthereuntobelongingandallof
Mortgagee’s right,titleandinterest tosame,totheextentthat thelandsherebyreleasedshallbe
dischargedfromsaidMortgagesandthattheremainderofthelandsnotsoreleasedshall
continue to be subject to the lien of the Mortgages.
Tohaveand toholdforever thepremiseshereby releasedtothe Mortgagor, itssuccessors
and assigns, free from and clear of the lien of the aforesaid Mortgages.
INWITNESSWHEREOF, this partiesheretohaveexecutedthisInstrumentasoftheday
and year first above written.
MORTGAGEEMORTGAGOR
______________________________________________________________________
By: ________________________________By: _______________________________
(Name and Title)(Name and title)
Login to HandyPDF
Tips: Editig or filling the file you need via PC is much more easier!
By logging in, you indicate that you have read and agree our Terms and Privacy Policy.