NY Partial Release of Mortgage 1
This indenture, made the ___________ day of _____________, two thousand and
______________, between ____________, of _____________, party of the first part, and _________, of
______________, party of the second part,
Whereas ___________, by indenture of mortgage, bearing date the _________ day of
____________, two thousand and _____________, recorded in the office of the
______________ of the county of ___________, in liber _________ of mortgages, of section ___________, page ________, on the ____________ day of __________,
two thousand and _________, for the consideration therein mentioned, and to secure the payment of the money therein specified, did mortgage certain lands and tenements of which the lands hereinafter described are part unto __________;
And Whereas, the said party of the first part, at the request of the party of the second part, has agreed to give up and surrender the lands hereinafter described unto the party of the second part, and to hold and retain the residue of the mortgaged lands as security for the money remaining due on said mortgage;
Now, this indenture witnesseth, that the party of the first part, in pursuance of said agreement, and in consideration of ______________ dollars, lawful money of the United States, ____________ paid by the party of the second part, does grant, release, quitclaim unto the party of the second part, all that part of the said mortgaged lands described as follows [description],
Together with the hereditaments and appurtenances thereunto belonging, and all the right, title, and interest of the party of the first part, of , in and to the same, to the intent that the lands hereby released may be discharged from said mortgage, and that the rest of the lands in said mortgage specified may remain mortgaged to the party of the first part as heretofore,
To have and to hold the lands and premises hereby released and quitclaimed to the party of the second part, ___________ and assigns, to ___________ and their own proper use, benefit, and behoof forever, free, clear, and discharged of and from all lien and claim under and by virtue of the indenture of mortgage aforesaid.
In Witness Whereof, the party of the first part has signed and sealed these presents the day and year first above written.
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