CERTIFICATE OF REDEMPTION

KNOW ALL MEN BY THESE PRESENTS:

WHEREAS, on __________, XYZ executed a real estate mort­gage in favor of _______________ to secure the payment of _______________ with interest at ___________________ payable within ___________________ from the date of the execution of said mortgage:

WHEREAS, said real estate mortgage had been acknowledged before Notary Public _________________, as per his notarial register no. ____________ , Book _______. Page ______ . Series of _______________ and duly registered in the Registry of Deeds of _______________ :

WHEREAS, said mortgage contained a clause granting the mortgagee the special power to sell the mortgaged property without judicial proceedings;

WHEREAS, pursuant to said authority, the mortgagee sold the mortgaged property upon failure of the mortgagor to comply with the conditions of the mortgage, the purchaser being ________________ who paid the sum of __________ plus accrued interests thereon and to whom a certificate, of sale had been given by the persons conducting the auction sale;

 WHEREAS, the mortgagor _______________ now offers to pay to the undersigned purchaser at public auction the sum of ____________________in full satisfaction of by the persons conducting the auction sale; the purchase price for which the undersigned purchaser had purchased the mortgaged property at public auction, together with all accrued interests and taxes, if any, paid by the undersigned purchaser;

WHEREAS, this offer to redeem on the part of the mortgagor is being made within the period of one year from the date of auction sale and is therefore in compliance with the law;

WHEREAS, this offer to redeem the mortgaged property on the part of the mortgagor is acceptable to the undersigned purchaser and agrees to deliver the mortgaged property to the mortgagor.

WHEREFORE, in view of all the foregoing, the undersigned purchaser hereby executes this Certificate of Redemption and hereby restores the mortgagor to his full ownership of the above-mentioned mortgaged property.

            
IN WITNESS WHEREOF, the undersigned purchaser has signed this Certificate of Redemption in the city of ____________ this __________day of ___________ 19_____ .­




                                                                                                                                                   

                                                            __________________________  
                                                                  (Signature of Purchaser) 


                                                                      

                                                                                                      
                                      ACKNOWLEDGMENT