Lake County Discharge of Mortgage Form

Additional Michigan and Lake County documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Lake County

Properties in any of these areas use Lake County forms:

• Baldwin
• Chase
• Idlewild
• Irons
• Luther

---

This form is used by the (mortgagee or the personal representative, successor, or assign of the mortgagee), who (shall prepare a discharge of the mortgage, file the discharge with the register of deeds for the county where the mortgaged property is located, and pay the fee for recording the discharge.) (565.41 Sec. 41(1)) A mortgagee is often referred to as a lender. For use when an indebtedness secured by said Mortgage has been paid in full. A "discharge of mortgage" is often referred to a "satisfaction of mortgage".

To avoid liability and penalty (the discharge of mortgage, execution and acknowledgment of a certificate, or filing of a discharge of mortgage required by this section or section 41 shall be performed within whichever of the following time periods is applicable:
(a) For the first 2 years after the effective date of the amendatory act that added this subsection, 75 days.
(b) Beginning 2 years after the effective date of the amendatory act that added this subsection, 60 days.) (565.44 Sec. 44(2))

This form is also used to discharge a Land Contract.

565.361 Payment and performance of contract obligations; conveyance of land; discharge of land contract mortgage or release of security assignment; failure or refusal to make
conveyance or discharge; penalties; enforcement; title as marketable; subordination to
other real estate interest.
(4) When the vendee named in the land contract, or his or her heirs, successors, or assigns, has fully paid and performed the obligations under the contract that are a precondition to the sale and conveyance of the land, the land contract mortgagee under any land contract mortgage of the land made by the vendor subject to the land contract, or the assignee of any assignment for collateral security purposes of the vendor's interest under the land contract, shall execute a discharge of the land contract mortgage or a release of the security assignment in the same manner as now provided by law for the discharge of mortgages.

(Michigan DOM Package includes form, guidelines, and completed example) For use in Michigan only.

Important: Your property must be located in Lake County to use these forms. Documents should be recorded at the office below.

This Discharge of Mortgage meets all recording requirements specific to Lake County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lake County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Lake County Discharge of Mortgage form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4693 Reviews )