Affidavit And Acknowledgement Of Debt And Conditional Release Of Liability printable pdf download

Affidavit And Acknowledgement Of Debt And Conditional Release Of Liability

AFFIDAVIT AND ACKNOWLEDGEMENT OF DEBT

AND CONDITIONAL RELEASE OF LIABILITY

STATE OF ___________________________

COUNTY OF ___________________________

BEFORE

ME,

the

undersigned

authority,

this

day

personally

appeared

___________________________ who being first duly sworn, depose and say that:

1. According to an agreement dated ______________________ (hereinafter “Agreement”),

Affiants (hereinafter “Seller”) have voluntarily agreed to sell property located at

___________________________

(hereinafter

“Buyer”).

2. According to Agreement, Seller has agreed to pay to Buyer a sum equal to

$___________________ according to a properly executed Promissory Note (hereinafter

“Note”) of even date with this document.

3. Seller understands that Seller must comply with every particular of Note.

4. In the event that Seller fails to comply with any single term of the Note, whether or not said

term is cured, Seller shall thenceforth forevermore grant to Buyer (and to Buyer’s heirs,

executors, administrators and assigns) a permanent and complete release from all liability,

claims, causes of action or losses with regard to any and all agreements between the parties

from the beginning of time to this date, including but not limited to the following covenants:

<< NAME AND DATE OF ALL DOCUMENTS YOU HAVE SIGNED WITH SELLER >>

5. Buyer’s continued compliance with the Agreement subsequent to Seller’s breach of the Note

shall not be deemed as waiver of the release offered herein.

6. Affiants/Seller expressly agree that this instrument may be treated as a defense to any action

or proceeding that may be brought, instituted, or taken by Affiants/Seller or in their behalf, and

shall for ever be a complete bar to the commencement or prosecution of any action or

proceeding whatever against the Buyer and/or assigns, any future purchasers, mortgagees,

title insurance companies, any heir, legal representative, assignee or any other person, entity

or firm claiming by or through them.

Affidavit And Acknowledgement Of Debt And Conditional Release Of Liability