This is the 'meat' of the form. Wording prior, and after is identification of the parties and signing etc...
Subcontractor/Materialman, its successors and assigns, in consideration of the below payment and other valuable consideration, receipt of which is hereby acknowledged, has released and by these presents does release and forever discharge the Development, Mulberry Estates, LLLP (the “Owner”), Maryland Department of Housing and Community Development (“First Lender”), United States of America acting through USDA Rural Housing Service (“Second Lender”), Community Development Administration (“Third Lender”), and General Contractor, their respective successors and assigns, of and from all actions, causes of actions, debts, accounts, agreements, judgments, claims and damages which it now has, or may hereafter have, by reason
of work performed and/or materials supplied and/or equipment furnished under agreement with the General Contractor.
Subcontractor/Materialman hereby acknowledges receipt of payment herein in the amount of $7,346.38 which completes payment in full for all work, material and services supplied at the