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The Release Of Mortgage Document is a crucial legal instrument in Philippine property law that formally terminates a mortgage lien on real property. It is typically executed when a borrower has fully satisfied their loan obligations and the lender needs to formally relinquish their security interest in the property. This document must comply with the requirements of the Civil Code of the Philippines, the Property Registration Decree, and local Registry of Deeds regulations. It includes specific details about the original mortgage, property description, and parties involved, and requires proper notarization. The release document is essential for clearing title records and enabling the property owner to deal with the property free from the mortgage encumbrance. It serves as conclusive evidence that the mortgage has been discharged and must be registered with the appropriate Register of Deeds to be fully effective.

1. Title and Date: Clear identification of the document as a Release of Mortgage and the date of execution

2. Parties: Identification of the Mortgagee (lender) and Mortgagor (borrower), including their complete names, civil status, and addresses as required by Philippine law

3. Recitals: Background information including reference to the original mortgage, its date of execution, and registration details with the Register of Deeds

4. Property Description: Detailed description of the mortgaged property, including its location, boundaries, and title certificate number

5. Release Declaration: Explicit statement releasing and discharging the mortgage and confirming full payment of the debt

6. Authorization: Authorization for the Register of Deeds to cancel the mortgage entry in the property records

7. Execution: Signature blocks for all parties and notarial acknowledgment section