Release of Liens Deed

RELEASE OF LIENS DEED

This Release of Liens Deed (this "Deed") is made effective as of by Lienholder Name: with mailing address: (the "Releasor"), in favor of Property Owner Name: with mailing address: (the "Releasee").

RECITALS

WHEREAS, Releasor recorded a lien, claim of lien or other instrument against the real property described below as security for payment or performance under certain obligations (the "Lien"); and

WHEREAS, the Lien is recorded in the official records of County, State of under Instrument/Document No.: , recorded on in Book/Page or File: .

WHEREAS, the parties desire that Releasor deliver to Releasee a full and unconditional release and quitclaim of the Lien as described herein.

NOW, THEREFORE

In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. RELEASE

Subject to the terms and conditions of this Deed, Releasor does hereby remise, release and forever quitclaim unto Releasee, and Releasee's successors and assigns, all right, title, interest, claim and demand which Releasor has in, to, or under the Lien described above, whether known or unknown, arising out of the events, agreements or obligations identified in the recitals. Releasor expressly releases the Lien and any right to enforce or foreclose the same against the Property.

2. PROPERTY

3. CONSIDERATION

The release made hereby is granted for the sum of dollars and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. Notwithstanding the foregoing, the Releasor acknowledges that this Deed operates as a full release of the Lien only to the extent described herein.

4. RELEASOR'S REPRESENTATIONS AND WARRANTIES

Releasor represents and warrants to Releasee that: (a) Releasor is the lawful holder of the Lien or is authorized to release the Lien; (b) to the best of Releasor's knowledge the Lien has been satisfied or extinguished as of the Effective Date, except as expressly released herein; (c) the person executing this Deed on behalf of Releasor is duly authorized to execute and deliver this Deed on Releasor's behalf; and (d) execution, delivery and performance of this Deed will not violate any agreement, law, or order binding upon Releasor.

5. FURTHER ASSURANCES

Releasor agrees at its sole cost and expense, upon request by Releasee, to execute and deliver such further instruments and to take such further actions as may reasonably be necessary to effect, confirm or perfect the release and discharge of the Lien described herein, including but not limited to filing or recording this Deed in the appropriate public records.

6. INDEMNIFICATION

Releasor shall indemnify, defend and hold harmless Releasee and Releasee's successors and assigns from and against any and all claims, liabilities, losses, damages, costs and expenses (including reasonable attorneys' fees) arising out of or connected with any breach of Releasor's representations, warranties or obligations under this Deed or any claim asserting an interest in the Property adverse to Releasee based upon the Lien released herein.

7. NOTICES

Any notice, demand or communication required or permitted under this Deed shall be in writing and delivered by hand, certified mail (return receipt requested), nationally recognized overnight courier, or other means providing written verification of delivery to the addresses set forth above or to such other address as a party may designate by notice to the other in accordance with this section.

8. GOVERNING LAW

This Deed shall be governed by and construed in accordance with the laws of the State of without giving effect to principles of conflicts of law that would require the application of the laws of any other jurisdiction.

9. ENTIRE AGREEMENT

This Deed constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, relating to the release of the Lien described herein.

10. SEVERABILITY

If any provision of this Deed is held to be invalid, illegal or unenforceable by a court of competent jurisdiction, such provision shall be severed and the remaining provisions shall remain in full force and effect.

11. AMENDMENTS; WAIVER

This Deed may be amended, modified or supplemented only by a written instrument signed by both parties. No waiver of any provision hereof shall be effective unless in writing and signed by the party to be charged therewith.

12. COUNTERPARTS

This Deed may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Facsimile or electronic copy signatures shall be deemed originals for all purposes.

13. MISCELLANEOUS

The headings in this Deed are for convenience of reference only and shall not affect the interpretation of this Deed. The obligations of the parties set forth herein shall bind and inure to the benefit of their respective successors and permitted assigns; provided, however, that Releasor may not assign its obligations hereunder without the prior written consent of Releasee.

IN WITNESS WHEREOF, the parties have executed this Release of Liens Deed as of the Effective Date first written above.

Sign Now