Dear Felix
You are hereby notified that the property which we owned located at [ADDRESS OF PROPERTY] was sold on [DATE OF SALE OF PROPERTY, ex. November 30, 1998] and that the mortgage in favour of [NAME OF MORTGAGE COMPANY] has been paid out in full.
Accordingly, would you kindly cancel the policy and provide us with a refund of the unearned portion of the insurance premium. Please mail the refund to us at [ADDRESS OF INSURED].
Thank you for your assistance in this regard.
Regards
Lydia