Partial Release of Property From Mortgage for Corporation - Ohio 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by and after Recording Return to' section with your name, firm/company, address, city, state, zip, and phone number.
  3. Enter the Assessor’s Property Tax Parcel/Account Number in the designated field.
  4. In the 'PARTIAL RELEASE FROM MORTGAGE' section, clearly state the name of the corporation releasing the mortgage and provide details about the original mortgage including date, mortgagor(s), mortgagee, and recording information.
  5. Describe the property being released or attach a description and indicate 'SEE ATTACHED EXHIBIT'.
  6. Complete any applicable sections regarding assignment of mortgage if necessary.
  7. Sign and date the document where indicated. Ensure that it is signed by an authorized officer of the corporation.
  8. Include witness signatures as required and ensure notarization is completed at the end of the document.

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Partial Release Clause is a provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor. Its frequently found in tract development construction loans.
A partial release allows the release of a portion of the collateral from a mortgage after the borrower has paid down a certain amount of the loan. Lenders require proof of payment, a survey map, an appraisal, and a letter outlining the reason for the partial release.
A mortgage may be assigned or partially released by a separate instrument of assignment or partial release, acknowledged as provided by section 5301.01 of the Revised Code. The separate instrument of assignment or partial release shall be recorded in the county recorders official records.
A Partial Release of Mortgage clause allows a borrower to have a specific portion of the mortgaged property released from the mortgage lien while the remainder stays as collateral for the loan.
Every lender has different requirements for approving a partial release. Some may require additional payments to adjust the loan-to-value ratio, while others might need specific documentation or approvals. Always start by consulting your lender to understand their process.

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