STATE OF NORTH CAROLINA
DEED OF PARTIAL RELEASE OF
DEED OF TRUST
COUNTY OF ________________
THIS DEED OF PARTIAL RELEASE is made and entered into as of the _____ day of __________, 20___, by __________________, Trustee (the "Trustee") and _________________________, (the "Lender").
A. _____________________, (the "Borrower"), has heretofore executed and delivered to Trustee for the benefit of Lender, a Deed of Trust recorded this ______ day of _____________, 20___, in Book ______, Page ______, __________________ County Public Registry (the "Deed of Trust") respecting certain real property in ______________ County, North Carolina and securing certain indebtedness, all as fully set forth in the Deed of Trust.
B. Lender has agreed to release that certain portion of the property encumbered by the Deed of Trust which is more fully described on Exhibit A hereof from the lien and operation thereof, and does hereby authorize the instruct Trustee to join in this Deed of Partial Release.
NOW, THEREFORE, in consideration of the Recitals, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Trustee and Lender do hereby forever discharge, release and quitclaim unto Borrower and its successors in title all right, title and interest they may have to the property described in Exhibit A, attached hereto and by this reference made a part hereof; preserving, however, all of their right, title and interest in the balance of the real property described in the Deed of Trust.
IN TESTIMONY WHEREOF, Lender has caused this instrument to be executed in its name, its seal to be hereunto affixed and attested by its officers duly authorized thereunto, and Trustee has signed and sealed this instrument, as of the day and year first above written.
STATE OF _________________
COUNTY OF _______________
I, a Notary Public of the County and State aforesaid, certify that _____________________ personally came before me this day and acknowledged that (s)he is ___________ Secretary of _______________________ (the "Bank"), and that by authority duly given as the act of the Bank, the foregoing instrument was signed in its name by its (Vice) President, sealed with its bank seal and attested by him/her as its (Assistant) Secretary.
WITNESS my hand and official stamp or seal, this _____ day of ____________, 20____.
My Commission Expires:
STATE OF ______________________
COUNTY OF ____________________
I, a Notary Public of the County and State aforesaid, certify that _________________, Trustee, personally appeared before me this day and acknowledged the execution of the foregoing instrument.
WITNESS my hand and official stamp or seal, this _____ day of _____________, 20____.
My Commission Expires:
No guidelines are available for this form at this time.