Affidavit Of Lost Note (Corporation)

AFFIDAVIT OF LOST NOTE (CORPORATION). This affidavit is used by a corporation in New York when a promissory note payable to the corporation has been lost and cannot be produced. The corporate officer swears that the note has not been discharged, transferred, pledged, or otherwise satisfied, and that a diligent search has been conducted without success. The affidavit confirms that if the note is later found, it will not be reassigned or encumbered and must be delivered to the purchaser. The lender further agrees to provide additional documentation if needed and indemnifies the purchaser, its successors, and assigns against losses arising from the missing note. This affidavit is also relied upon by title insurance companies in connection with transactions involving the note. It must be notarized and is governed by New York law. www.FormsWorkflow.com