Singapore legislation
Section 72
Section 72
Form and effect of a discharge
(1)
A discharge in the prescribed form may be endorsed on an instrument of mortgage or charge, or may be executed as a separate instrument.
(2)
Where the parties intend —
to discharge the whole of the mortgaged or charged land from a specified part of the principal sum or other money thereby secured;
to discharge a part of the mortgaged or charged land from the whole of the principal sum or other money thereby secured; or
to discharge the whole of the mortgaged or charged land from the whole of the principal sum or other money thereby secured, but without discharging the mortgagor or chargor from any personal obligation to pay that money,the prescribed form may be varied or altered accordingly.
(3)
A discharge of mortgage or charge shall be registered by endorsing a memorial thereof on the relevant folio of the land-register or other instrument of title to the mortgaged or charged land, whereupon the land is freed from the mortgage or charge and from all rights and powers of the mortgagee or chargee, either absolutely or to any lesser extent as expressed in the discharge.
(4)
For the purpose of registration of a discharge executed as a separate instrument, the Registrar may dispense with the production of the duplicate instrument of mortgage or charge.[68