MI Partial Discharge of Mortgage 1

(Common Form)

This indenture, made this ___________ day of ________, 20______, between

___________, of mortgagee, and ________________, of mortgagor.

Whereas, the mortgagor, by a certain mortgage bearing date the ____________

day of __________, 20______, for the consideration therein mentioned, and to secure the payment of the money therein specified, did convey certain lands and tenements of which the lands hereinafter described are part, unto the mortgagee, which mortgage was recorded in the office of the Register of Deeds, for the County of _________, State of Michigan, in Liber _______ of Mortgages, at page _______; and

Whereas, the mortgagee, at the request of the mortgagor, has agreed to give up and surrender the lands hereinafter described, unto the mortgagor, and to hold and retain the residue of the mortgaged lands as security for the money remaining due on said mortgage;

Witnesseth, that the mortgagee, in pursuance of the said agreement, and in consideration of _______ dollars to him duly paid at the time of the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, has granted, released, quitclaimed and set over, and by these presents does grant, release, quitclaim and set over, unto the mortgagor all that part of the said mortgaged lands situated in the

____________ of _________, County of ______________ and State of Michigan, described as follows, to wit:________________________________________________

______________________________________________________________________.

Together with the hereditaments and appurtenances thereunto belonging, and all the right, title and interest of the mortgagee of, in and to the same, to the intent that the lands hereby conveyed may be discharged from the said mortgage, and that the rest of the lands in the said mortgage specified may remain to the mortgagee.

To have and to hold the lands and premises hereby released and conveyed to the mortgagor, his heirs and assigns, to his and their only proper use, benefit and behoof forever, free, clear, and discharged of and from all lien and claim under and by virtue of the mortgage aforesaid.

In Witness Whereof, the mortgagee has hereunto set his hand and seal the day and year first above written.

_________________________________ [L.S.]

_________________________________ [L.S.]

Signed, sealed and delivered in presence of:

_________________________________

_________________________________

[Acknowledgment]

This instrument was prepared by [name and address].

No guidelines are available for this form at this time.