Release Clause

In a mortgage, a provision that allows part of the security to be released from any further lien obligations upon the borrower's making a given payment. For example, a person may get a blanket mortgage for real estate having several structures. The mortgage may have a release provision in it allowing individual structures to be released from any later mortgage obligations when the mortgagor receives a payment from the mortgagee, either through sale of the structure or because of the payment.