Most states have statutes that provide that a mortgage or deed of trust may be discharged in the county land records by the recorder of deeds. Generally these statutes proved that a certificate must be filed with said recorder and executed by the mortgagee or on its behalf and acknowledged as prescribed by law. The certificate must specify that the mortgage has been paid or otherwise satisfied or discharged, and should make a reference to the book and page containing the original mortgage or deed of trust.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Hawaii Satisfaction of Mortgage by a Corporation is a legal document that signifies the complete repayment of a mortgage loan by a corporation in the state of Hawaii. This document serves as evidence that the corporation has met their financial obligation to the lender and that the mortgage has been fully satisfied. Keywords: Hawaii, Satisfaction of Mortgage, Corporation, legal document, repayment, mortgage loan, financial obligation, lender, fully satisfied. Types of Hawaii Satisfaction of Mortgage by a Corporation: 1. Full Satisfaction of Mortgage: This type of document is used when a corporation has completely paid off the mortgage loan and all associated interest and fees. It states that the corporation has fully satisfied their financial obligation to the lender, and the property is free of any encumbrances. 2. Partial Satisfaction of Mortgage: Sometimes, a corporation may choose to satisfy a portion of their mortgage loan while still having an outstanding balance. In such cases, a Partial Satisfaction of Mortgage is used. It specifies the specific amount of the loan that has been repaid, ensuring that the corporation's remaining obligations are clear. 3. Release of Mortgage: This form is commonly used when a corporation has paid off the mortgage loan entirely, but the original mortgage document does not explicitly state how the corporation's obligations are to be released. The Release of Mortgage is utilized to clarify and confirm the satisfaction of the mortgage and discharge any further liability. 4. Satisfaction and Discharge of Mortgage: In certain situations, a corporation may require additional assurance that all obligations related to the mortgage loan have been fully met. The Satisfaction and Discharge of Mortgage document is employed to affirm the satisfaction of the mortgage and absolve the corporation from any future claims or liabilities. In conclusion, a Hawaii Satisfaction of Mortgage by a Corporation is a crucial legal document that confirms the complete repayment of a mortgage loan by a corporation in the state of Hawaii. Depending on the specifics of the mortgage, there are various types of satisfaction documents that can be used, including full satisfaction, partial satisfaction, release of mortgage, and satisfaction and discharge of mortgage. It is essential for corporations to ensure that all necessary documentation is properly prepared and filed to protect their interests and establish a clear title to their property.
