Release of Part of Mortgaged Property
This Release is made on ________________________ , 20___
By the Lender:		INSERT
Whose address is:	INSERT
Referred to as “I”,
To the Borrower(s):	INSERT
Whose address is:	INSERT
Referred to as “You”.  If more than one person signs this Release, the word “I” shall mean “We.”
1.	Release.  I hold a mortgage on a property owned by you.  I also hold the note, bond or other agreement for payment that is secured by the mortgage.  I agree to change the mortgage by removing some of the property covered by the mortgage.  This property is released or freed from the mortgage.  The rest of the property (not released) remains subject to the mortgage.  I have been paid $ ____________ .
2.	Mortgage.  The mortgage I hold is dated INSERT, and was made by INSERT to INSERT.  The mortgage was recorded on INSERT in the office of the County Recording Officer of INSERT County, New Jersey in Mortgage Book INSERT at page INSERT.  The original amount of the mortgage was $INSERT.
3.	Release of Property.  The property which is released from and no longer subject to the mortgage is located in the INSERT of INSERT in the County of INSERT and State of New Jersey.  The property includes  (a)  the land;  (b)  all buildings that are located on the land;  (c) all fixtures that are attached to the land or building(s), for example:  furnaces, bathroom fixtures and kitchen cabinets; and  (d)  all other rights that I now have relating to the property.  The legal description is:

[X[  See attached Legal Description annexed hereto and made a part hereof.

4.	Who is bound.  This Release is binding upon me and all who succeed to my rights as holder of this mortgage.

5.	Signatures.  I agree to this Release.  If this Release if made by a corporation, its proper corporate officers sign and its corporate seal is affixed.

WITNESSED or Attested by:
(As to all)						______________________________ 

_________________________________		______________________________ 

COMPLETE ACKNOWLEDGEMENT ON NEXT PAGE

**Corporate Acknowledgment

STATE OF ____________________________	:
COUNTY OF __________________________	:	ss

I CERTIFY that on ___________________  , 20____,   _________________________, personally came before me and acknowledged under oath, to my satisfaction, that:
(a)	this person was the subscribing witness to the signing of the attached instrument; and
(b)	this instrument was signed by ________________________, _______________ of INSERT, the entity named in this instrument, and was fully authorized to and did execute this instrument as the act of the entity; and
(c)	the subscribing witness signed this proof under oath to attest to the truth of these facts; and
(d)	this instrument was executed as the act of the entity named in this instrument.
____________________________________  (sign) 
Subscribing/Attesting Witness – Print/Type Name below line
Signed and sworn to before me on this
_________ day of ___________________, 20____

__________________________________ 
Notary – Affix Stamp

**Individual Acknowledgment

State of _________________, County of _________________:   ss.:

Be it Remembered, that on ________________, 20_____ , before me the subscriber, personally appeared ____________________________________________________ , who I am satisfied, is/are the persons named in and who executed the within Instrument, and thereupon he/she/they acknowledged that he/she/they signed, sealed and delivered the same as his/her/their act and deed for the uses and purposes therein expressed.

______________________________ 

Type or print Name below line
A Notary Public of the State of _____ 
 My Commission Expires: __________