1. Affidavit of an officer of a licensed title insurer that states:
a. Description of the instrument that was lost or destroyed and an affirmative statement that the instrument has been lost or destroyed.
b. Name of mortgagor or obligor of the privilege as it appears in the recorded mortgage or vendor’s privilege and recordation information.
c. A statement that all obligations secured by the mortgage or vendor’s privilege have been satisfied.
d. A declaration that the title insurer agrees to be liable and to indemnify the recorder of mortgages and any person relying upon the cancellation by affidavit for any damages that they may suffer as a consequence of such reliance if the recorded affidavit contains materially false or incorrect statements that cause the recorder to incorrectly cancel the recordation of a mortgage or privilege.
e. A statement that the affiant has made a due and diligent search for the lost or destroyed instrument, the lost or destroyed instrument cannot be located, and sixty days have elapsed since payment or satisfaction of the secured obligation.
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