The Release of Lien Texas form is a legal document that signifies the termination of a lien on a property, confirming that the debt associated with the lien has been paid in full. This form is essential for property owners seeking to clear their title and ensure that no further claims exist against their property. Understanding the nuances of this document can help facilitate smoother transactions and protect the rights of all parties involved.
The Release of Lien Texas form serves a crucial function in the process of securing property interests. It is primarily used when a borrower has fulfilled their obligations under a loan agreement, allowing the lender to formally release their claim to the property. This form is prepared by the State Bar of Texas and is intended for use by legal professionals. Key components of the form include details such as the date of the release, the names of the holder of the note and lien, and the borrower, as well as the original principal amount of the loan. Additionally, it specifies the property being released from the lien, which may include any improvements made to the property. The holder of the note and lien acknowledges that full payment has been received and explicitly waives any future rights to enforce the lien for any additional debts. Notarization is required, ensuring that the document is legally binding and properly recorded. By completing this form, all parties involved can confirm that the lien has been lifted, thereby facilitating the smooth transfer of property rights and providing clarity in financial transactions.
Prepared by the State Bar of Texas for use by lawyers only.
E 1999 by the State Bar of Texas
RELEASE OF LIEN
Date:
Holder of Note and Lien:
Holder’s Mailing Address (including county):
Note
Original principal amount:
Borrower:
Lender:
Maturity date (optional):
Note and Lien Are Described in the Following Documents, Recorded in:
Property (including any improvements):
Holder of Note and Lien is the owner and holder of the Note and Lien described above.
Holder of Note and Lien acknowledges payment in full of the Note and releases the Property from the Lien and from all liens held by Holder of Note and Lien, without regard to how they were created or evidenced.
Holder of Note and Lien expressly waives and releases all present and future rights to establish or enforce the Lien as securi- ty for payment of any future or other indebtedness.
When the context requires, singular nouns and pronouns include the plural.
(Acknowledgment)
STATE OF TEXAS
COUNTY OF
This instrument was acknowledged before me on
,
by
.
Notary Public, State of Texas
Notary’s name (printed):
Notary’s commission expires:
(Corporate Acknowledgment)
of
a
corporation, on behalf of said corporation.
AFTER RECORDING RETURN TO:
PREPARED IN THE LAW OFFICE OF:
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