Kings New York Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Kings
• Control #: US-OG-130
• Format: Word; Rich Text

Description

If an owner of a mineral or royalty interest, whose interest is subject to a mortgage/deed of trust, desires to sell or convey an interest, it is appropriate to obtain a release of that lien as to the interest conveyed. This form addresses that situation. The Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that is used when a property owner in Kings County, New York, wishes to release a portion of their mortgage or deed of trust on a specific mineral or royalty interest. This document is commonly used in situations where the property owner desires to sell or transfer a portion of their mineral or royalty interest while maintaining the mortgage or deed of trust on the remaining interests. The Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter serves as proof of the partial release of the mortgage or deed of trust, ensuring clarity and transparency in the transaction. This document outlines the details of the transaction and acts as protection for both the granter (the property owner) and the grantee (the purchaser of the mineral or royalty interest). The document contains crucial information such as the names and contact information of the granter and grantee, a legal description of the property under consideration, and specific details regarding the mineral or royalty interest being sold. It also incorporates the terms and conditions agreed upon by both parties, including any financial considerations, payment terms, and any associated rights and obligations. Keywords: Kings New York, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold by granter, legal document, Kings County, New York, property owner, transfer, transaction, clarity, transparency, protection, grantee, details, contact information, legal description, terms and conditions, financial considerations, payment terms, rights, obligations. Different types of Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter can include variations based on the specific terms and conditions of the transaction. These may include adjustments to the payment structure, different percentages of the interest being released, or additional provisions to address any potential disputes or contingencies. Overall, the Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter ensures a legally binding agreement between the property owner and the purchaser of the mineral or royalty interest, promoting a smooth and transparent transaction while safeguarding the rights of all parties involved.

The Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that is used when a property owner in Kings County, New York, wishes to release a portion of their mortgage or deed of trust on a specific mineral or royalty interest. This document is commonly used in situations where the property owner desires to sell or transfer a portion of their mineral or royalty interest while maintaining the mortgage or deed of trust on the remaining interests. The Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter serves as proof of the partial release of the mortgage or deed of trust, ensuring clarity and transparency in the transaction. This document outlines the details of the transaction and acts as protection for both the granter (the property owner) and the grantee (the purchaser of the mineral or royalty interest). The document contains crucial information such as the names and contact information of the granter and grantee, a legal description of the property under consideration, and specific details regarding the mineral or royalty interest being sold. It also incorporates the terms and conditions agreed upon by both parties, including any financial considerations, payment terms, and any associated rights and obligations. Keywords: Kings New York, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold by granter, legal document, Kings County, New York, property owner, transfer, transaction, clarity, transparency, protection, grantee, details, contact information, legal description, terms and conditions, financial considerations, payment terms, rights, obligations. Different types of Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter can include variations based on the specific terms and conditions of the transaction. These may include adjustments to the payment structure, different percentages of the interest being released, or additional provisions to address any potential disputes or contingencies. Overall, the Kings New York Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter ensures a legally binding agreement between the property owner and the purchaser of the mineral or royalty interest, promoting a smooth and transparent transaction while safeguarding the rights of all parties involved.