release of part of mortgaged premises
Made this ____________ day of ____________, ____________
BETWEEN
residing or located at
designated as the Releasor(s);
AND
residing or located at
designated as the Releasee(s);
WHEREAS, the Releasor is the holder of a mortgage and the bond, note or other obligation secured thereby, which mortgage is dated
_________________, and was made by ________________________________ to __________________________________________ upon the
lands and premises therein described and was recorded on ________________ in the County Clerk/Register's Office of the County of ____________
and State of New Jersey, in Mortgage Book _________ on Page _________ or Instrument No.____________________.
AND WHEREAS, the Releasor at the request of the Releasee has agreed to release the lands and premises herein described from the lien of the said
mortgage and to retain the lien of the said mortgage upon the remainder of the lands and premises therein described.
NOW THEREFORE the Releasor, for and in consideration of $____________, lawful money of the United States of America, to the Releasor in
hand well and truly paid by the Releasee at or before the sealing and delivery of these presents, the receipt whereof is hereby acknowledged and the
Releasor being therewith fully satisfied, to the intent that the following described lands and premises shall be released, discharged and freed from the
lien of the said mortgage but that the remainder of the lands and premises described in the said mortgage shall remain as security for the payment of
the money remaining due there under and the performance of the covenants and conditions therein contained, does by these presents release,
quitclaim, grant and convey unto the Releasee forever,
All that certain tract or parcel of land and premises, hereinafter particularly described, situate and being in the ____________ of ____________ in the
County of ____________ and State of New Jersey, more particularly described as follows:
SEE ATTACHED SCHEDULE A, LEGAL DESCRIPTION
Together with all and singular the buildings, improvements, ways, woods, waters, watercourses, right’s, liberties, privileges, hereditaments and
appurtenances to the same belonging or in any way appertaining; and the reversion and reversions, remainder and remainders, rents, issues and
profits thereof, and of every part and parcel thereof; And also all the estate, right, title, interest, use, possession, property, claim and demand
whatsoever, of the Releasor both in law and in equity, of, in and to the premises herein described, and every part and parcel thereof, with the
appurtenances. To have and to hold all singular, the premises herein described, together with the appurtenances, unto the Releasee and to Releasee’s
proper use and benefit forever, free from the lien of the said mortgage.
In all references herein to any parties, persons, entities or corporations, the use of any particular gender or the plural or singular number is intended to
include the appropriate gender or number as the text of the within instrument may require.
Wherever in this instrument any party shall be designated or referred to by name or general reference, such designation is intended to and shall have
the same effect as if the words “heirs, executors, administrators, personal or legal representatives, successors and assigns” had been inserted after
each and every such designation.
