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The affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the introductory part, while the body is typically single-spaced with double spacing between numbered paragraphs. The jurat is the crucial section where the deponent signs and the signature is commissioned by a commissioner for oaths. An easy method to format the jurat is by using the table feature, which is demonstrated in the accompanying video. This type of affidavit is commonly used in various situations where a document requires a commissioned signature, highlighting its importance in legal processes.