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The Discharge Of Mortgage Letter is a crucial document in Philippine real estate transactions that formally terminates a mortgage agreement after full payment of the debt. This document is required when a borrower has completely satisfied their mortgage obligations and needs to clear the title of their property. It must comply with the Civil Code of the Philippines, the Property Registration Decree, and Land Registration Authority regulations. The letter typically includes specific details about the mortgage, property identification, confirmation of payment, and explicit release language. It serves as the legal basis for the Registry of Deeds to cancel the mortgage annotation in the property title, effectively freeing the property from any encumbrance related to the discharged mortgage.

1. Letter Header and Date: Contains sender's details, recipient's details, and date of the letter

2. Mortgage Reference Details: Specific details of the mortgage being discharged including registration number, date of mortgage, and original loan amount

3. Property Identification: Clear description of the mortgaged property including title number and property address

4. Confirmation of Payment: Statement confirming that the mortgage has been fully satisfied

5. Discharge Declaration: Formal declaration releasing the mortgage and authorizing the Registry of Deeds to cancel the mortgage entry

6. Authorization Statement: Statement authorizing the Bearer/Registrar to annotate or cancel the mortgage in the land title

7. Signatory Block: Space for authorized signature, including name and designation of the signatory