Below is the  Deed Of Cancellation Of Hypothectemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

DEED OF CANCELLATION OF HYPOTHEC


This Deed of Cancellation of Hypothec (the Agreement) is effective [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

      [YOUR COMPLETE ADDRESS]


AND:  [CREDITOR NAME] (the "Creditor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

      [YOUR COMPLETE ADDRESS]

[CREDITOR NAME], a legal person constituted under the [COUNTRY BUSINESS CORPORATIONS ACT], whose head office is located at [FULL ADDRESS], herein acting and represented by [NAME], its President, duly authorized for the purposes hereof by virtue of a resolution of the board of directors dated [DATE]:

hereby consents to the cancellation and gives discharge and release pure and simple of all hypothecary rights and other Rights of guarantee subsisting in its favour pursuant to the Deed of Immovable Hypothec, dated [DATE], between [YOUR COMPANY NAME] and the Creditor, before [Attorney/Notary] [NAME] under Number [NUMBER] of his minutes, published in the Land Register of the Registry Office for the Registration Division of [CITY], the whole affecting the property therein described.


IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at [PLACE OF EXECUTION] on the date indicated above.

COMPANY             CREDITOR


                          
Authorized Signature          Authorized Signature


                          
Print Name and Title          Print Name and Title
CERTIFICATE OF VERIFICATION

I, [NAME], the undersigned [attorney/notary], domiciled at [FULL ADDRESS], hereby certify that:

1.  I have verified the identity, quality and capacity of the party hereto;

2.  This document is valid as to its form;

3.  This document represents the will expressed by the party hereto;

4.  The title of the grantor or the last holder of the right concerned has been previously and validly published.

CERTIFIED at [CITY], on [DATE].



[NAME], [Attorney/Notary]



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