NY Affidavit of Lost Note (Individual Lender)

AFFIDAVIT OF LOST NOTE (Individual Lender)

State of New York                                                                 Title No._______________
                                        ss:                                                   
County of ________                                                               Account No.____________

I, _________________________, being duly sworn, depose and state the following to be true under the penalty of perjury:

1.  I am the Lender and payee under the following described promissory note (the “Note”)

           Date:
           Borrower(s):
           Original Payee:
           Original Amount:

2.  Lender is the legal and beneficial owner and holder of the Note. The Note has not been forgiven, discharged, satisfied, cancelled, assigned, subordinated, sold, transferred, encumbered, pledged, hypothecated by Lender or paid in full.

3.  The original Note was lost and cannot be produced. Note was not located after a thorough and diligent search which consisted of a complete search of institutional records of Lender.  If the Note is located by the Lender, the Lender agrees that it will not hereafter assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Note or any interest therein and it will promptly deliver the Note, duly endorsed to the Purchaser by the Lender, at the following address:

4.  The Lender further agrees to produce promptly following its receipt of written notice from Purchaser any and all certificates, affidavits, verifications and other similar documents which are necessary in Purchaser’s reasonable judgment to enforce the Note.

5.  Lender indemnifies and agrees to hold Purchaser, and its successors and assigns harmless from and against all liabilities, demands, claims, actions or causes of action, losses and damages, including all reasonably incurred costs and expenses, including reasonable attorneys’ fees incurred by Purchaser, its successors and assigns, as a result of or arising out of or by virtue of the fact that (a) Lender was unable to locate and produce the original Note, (b) any delay in Purchaser’s enforcement or attempted enforcement (judicially or nonjudicially) of the indebtedness and obligations evidenced by the Note, (c) Lender failed to comply with any of the covenants set forth herein, or (d) any of the statements set forth herein are claimed to be untrue in any material respect.

6.  This affidavit is intended to be relied on by Purchaser, its successors and assigns and by __________________________, as policy issuing agents for Stewart Title Insurance Company, which is issuing a policy of title insurance to Purchaser in connection with the purchase of the Note and the indebtedness evidenced thereby.

7.  This affidavit shall be governed by and construed in accordance with the laws of the State of New York.

_________________________________

                                                                                Lender

 

State of New York           )
                                          ) ss:
County of ____________ )

On the __________ day of ____________________ in the year ____________ before me, the undersigned, personally appeared _______________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledge to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

                                                                                                ________________________                                                                                                             Notary Public

No guidelines are available for this form at this time.