I, ________, of legal age, Filipino, single/married and with residence address at ____ WITNESSETH:

          That I am the MORTGAGEE in that Deed of Real Estate Mortgage executed by ____on ________ and noted as Doc. No. ___; Page No. ___; Book No. ___; Series of ___, of the notarial register of Atty. ____, Notary Public in and for ____;

           "RESOLVED, that the President, Mr. _____, be authorized, as he is hereby duly authorized, to negotiate for a loan from _____Bank in the amount of P1,000,000.00 to be secured by the corporation's Cavite property and authorizing him further to sign for and in behalf of the corporation any and all papers and documents relative thereto."

          That having this date received the full amount of ______PESOS, (P_____), Philippine Currency, from the MORTGAGOR, the said indebtedness, together with accrued interests, I do hereby forever RELEASE, DISCHARGE AND CANCEL the mortgage above-cited to, covering Lot No. ____ of the Register of Deeds of ______.

           IN WITNESS WHEREOF - - --