Form No. 3--Release of Mortgage

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(Release of Mortgage)

RELEASE OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

That I, _____________, Filipino, of legal age, (single / married / widow), and a resident of _____________, Philippines, mortgagee of __Property Mortgaged__ in a Deed of (Real Estate / Chattel) Mortgage executed by __Name of Mortgagor__ on _____________ and entered as Doc. No. _______; Page No. _______; Book No. _______; Series of _______ in the Notarial Register of Notary Public _____________, hereby release and completely discharge the aforementioned mortgage on the above-mentioned property, the loan secured having been completely paid and settled to my full satisfaction.

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

Mortgagee

SIGNED IN THE PRESENCE OF:

_________________ _________________

(ACKNOWLEDGMENT)