(765 ILCS 935/50)
Sec. 50. Form of certificate of release. A certificate of release, in substantially the following form, allowing for alterations to permit the inclusion of multiple mortgages, both presently and previously paid, complies with this Act.
CERTIFICATE OF RELEASE Date:
........
Title
Order
No.:
.....
1.
Name
of
mortgagor(s):
.....
2.
Name
of
original
mortgagee:
.....
3.
Name
of
mortgage
servicer
(if
any):.....
4.
Mortgage
recording:
Vol.:
....
Page:
.....
or
Document
No.:
.....
5. The above referenced mortgage has been paid in accordance with the payoff statement and there is no objection from the mortgagee or mortgage servicer or its successor in interest to the recording of this certificate of release.
6. The person executing this certificate of release is an officer or duly appointed agent of a title insurance company authorized and licensed to transact the business of insuring titles to interests in real property in this State pursuant to Section 30 of this Act.
7. This certificate of release is made on behalf of the mortgagor or a person who acquired title from the mortgagor to all or part of the property described in the mortgage.
8. The mortgagee or mortgage servicer provided a payoff statement.
9. The property described in the mortgage is as follows:
Permanent
Index
Number:
.....
Common
Address:
.....
(Name
of
title
insurance
company)
By:
.....
(Name
of
officer
and
title
or
name
of
agent
and
name
of
officer
/
representative
thereof)
Address:
.....
Telephone
No.:
.....
State
of
Illinois)
)County
of
)This
instrument
was
acknowledged
before
me
on
.....(date)by
.....(name
of
person)
as
.....(officer
for
/
agent
of).....(title
insurance
company)......Notary
PublicMy
commission
expires
on
.....
(Source: P.A. 92-765, eff. 8-6-02; 93-428, eff. 12-31-03.)
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Last modified: February 18, 2015