August 25, 1999

Mr. Barry Banker
Loan Pay—Off Department
XYZ Mortgage Company
123 Main Street
Newark, New Jersey 07100
[Via Certified Mail, Return Receipt Requested]

RE: 1~E: Mortgage from Smith to ABC Mortgage Co.

321 Spruce Street, Suburban Twp., NJ

Loan No. 987654

Dear Mr. Banker:
      On July 20, 1999, I sent to you, via certified mail, return receipt requested, a notice in accordance with P.L. 1975, c. 137, §2 (N.J.S.A. 46:18- 11.3) and P.L. 1999, c.40, §3 (N.J.S.A. 46:18-11.7), demanding that the mortgage in question be canceled forthwith. More than thirty (30) days have elapsed since the date you received said notice; nevertheless, you have thus far failed to cause the mortgage in question to be canceled of record, as required by N.J.S.A. 46:18-11.2 et seq..

Notice is hereby given that, unless you cause the mortgage to be canceled of record forthwith, as required by law, the undersigned reserves the right to pursue all lawful remedies available against you, including the discharge of the mortgage by affidavit, pursuant to P.L. 1999, c.40, §3 (N.J.S.A. 46:18-11.7).

Very truly yours,
Richard Roe, Esq.**

*The text of the notice (unlike the Affidavit of Payment) is not set forth in the statute.

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