In consideration of full payment of the promissory note dated ___________, 20 _, in the face amount of $________, the Noteholder ___________, of __________, City of ___________, State of _____, released and discharges the Borrower(s) ______________, of ______________, City of ___________, State of ____, from any claims or obligations on account of this note.
The party signing this release intends that it bind and benefit both itself and any successors.