Partial release of property from mortgage for corporation iowa form
Fill and Sign the Partial Release of Property from Mortgage for Corporation Iowa Form
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-------- Above This Line Reserved For Official Use Only-------------
Prepared by and after Recording Return to:
)
)
)
)
)
)
)
)
)
)Name:
Firm/Company:
Address:
Address 2:
City, State, Zip:
Phone:
Assessor’s Property Tax Parcel/Account Number:
PARTIAL RELEASE FROM MORTGAGE
KNOW ALL MEN BY THESE PRESENTS that _______________________ , do(es) hereby
release from that certain mortgage dated _______________________ , executed by
_______________________ , Mortgagor(s), to _______________________ , “Mortgagee”, and recorded
in Mortgage Book __________ , page ___________ , Document/Instrument No. _____________ , in the
Office of the Recorder of _______________ County, Iowa, on [date] ______________ , the following
described real property:
{Describe Property or Attach description and State "SEE ATTACHED EXHIBIT"
This is a partial release and the above identified mortgage remains in full force and effect as to
the remaining property.
The Corporation executing this instrument is the present holder of the above described Mortgage.
[ Complete if applicable: The undersigned is the present holder of the above referenced
mortgage, by assignment dated _____________ and recorded in Mortgage Book __________ , page
___________ , Document/Instrument No. _____________ , in the Office of the aforesaid recorder.]
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IN WITNESS WHEREOF, this instrument was executed by the undersigned on this the ____ day
of __________________ , 20 ___ .
{Name of Corporation}
__________________________________
BY: {Type Name]
TITLE: {Title with Corporation}
STATE OF ______________________
COUNTY OF _____________________
On this ________ day of _____________________ , ________ , before me, the undersigned, a
Notary Public in and for said State, personally appeared ________________________ and
________________________ to me personally known, who, being by me duly sworn, did say that they
are the ________________________ and ________________________ , respectively, of said corporation,
that (no seal has been procured by the said or the seal affixed thereto is the seal of said) corporation, that
said instrument was signed (and sealed) on behalf of said corporation by authority of its Board of
Directors, and that the said ________________________ and ________________________ , as such
officers, acknowledged the execution of said instrument to be the voluntary act and deed of said
corporation, by it and by them voluntarily executed.
___________________________________
(Signature)
________________________
(Title of Officer)
(Seal, if any)
Mortgagee Name, Address, phone:
Current property Owner(s) Name, Address,
phone:
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FAQs
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A Partial Release Of Property From Mortgage For Corporation Iowa allows a corporation to remove a portion of its mortgaged property from the lien of the mortgage. This process is beneficial for businesses looking to sell or leverage part of their property while retaining the mortgage on the remaining assets. Understanding this process can help corporations manage their real estate investments effectively.
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