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