Release Of Liability Mortgage Template for Philippines

1. Multiple Properties Release: Additional section when the release covers multiple properties under the same mortgage

2. Guarantor Release: Required when there were third-party guarantors involved in the original mortgage

3. Partial Release Provisions: Used when only a portion of the mortgaged property is being released

4. Bank Officer Authorization: Required for institutional lenders, showing authority of signing officer

5. Surviving Obligations: If any obligations survive the release, they must be explicitly stated

6. Tax Clearance: Confirmation that all relevant property taxes have been paid

1. Schedule A - Property Details: Comprehensive legal description of the property, including title number and registration details

2. Schedule B - Original Mortgage Details: Copy or extract of the original mortgage agreement details

3. Schedule C - Payment Confirmation: Details of final payment and confirmation of full satisfaction of the mortgage

4. Appendix 1 - Required Documents: List of documents to be submitted for mortgage cancellation in property registry

5. Appendix 2 - Authorization Documents: Copies of corporate or board resolutions authorizing the release (if applicable)