Alaska Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• 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. A partial release of mortgage or deed of trust on a mineral/royalty interest sold by the granter is a legal document executed in Alaska to release a portion of the mortgage or deed of trust on a specific mineral or royalty interest that has been sold by the granter. This type of release is commonly utilized in real estate transactions involving mineral rights or royalty interests in Alaska. Keywords: Alaska, partial release, mortgage, deed of trust, mineral interest, royalty interest, granter, real estate, transaction. Different Types of Alaska Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Granter: 1. Partial Release of Mortgage: The partial release of a mortgage is a legal document used in Alaska to release a portion of the mortgage encumbrance on a specific mineral or royalty interest. This type of release is executed when a portion of the mineral or royalty interest has been sold by the granter, and the mortgage lien needs to be released from that particular portion. 2. Partial Release of Deed of Trust: Similar to a partial release of mortgage, a partial release of a deed of trust is a legal document used in Alaska to release a portion of the encumbrance created by the deed of trust on a specific mineral or royalty interest. It is executed when the granter sells a part of their mineral or royalty interest, requiring the release of the corresponding portion of the deed of trust. 3. Partial Release on Mineral Interest Sold by Granter: This type of partial release applies specifically when a granter sells a mineral interest to another party. The granter requests a partial release of the mortgage or deed of trust on just the portion of the mineral interest they have sold, reducing the encumbrance on the remaining interest. 4. Partial Release on Royalty Interest Sold by Granter: A partial release on a royalty interest sold by the granter is utilized when the granter sells a portion of their royalty interest to someone else. The granter files this release to discharge a portion of the mortgage or deed of trust encumbering the sold portion, while leaving the remaining encumbrance intact. In conclusion, a partial release of mortgage or deed of trust in Alaska is a crucial legal tool used to release the mortgage or deed of trust encumbrance on a specific mineral or royalty interest that has been sold by the granter. It ensures the transfer of property rights, clarity of ownership, and freedom from liens on the portion of interest sold.

A partial release of mortgage or deed of trust on a mineral/royalty interest sold by the granter is a legal document executed in Alaska to release a portion of the mortgage or deed of trust on a specific mineral or royalty interest that has been sold by the granter. This type of release is commonly utilized in real estate transactions involving mineral rights or royalty interests in Alaska. Keywords: Alaska, partial release, mortgage, deed of trust, mineral interest, royalty interest, granter, real estate, transaction. Different Types of Alaska Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Granter: 1. Partial Release of Mortgage: The partial release of a mortgage is a legal document used in Alaska to release a portion of the mortgage encumbrance on a specific mineral or royalty interest. This type of release is executed when a portion of the mineral or royalty interest has been sold by the granter, and the mortgage lien needs to be released from that particular portion. 2. Partial Release of Deed of Trust: Similar to a partial release of mortgage, a partial release of a deed of trust is a legal document used in Alaska to release a portion of the encumbrance created by the deed of trust on a specific mineral or royalty interest. It is executed when the granter sells a part of their mineral or royalty interest, requiring the release of the corresponding portion of the deed of trust. 3. Partial Release on Mineral Interest Sold by Granter: This type of partial release applies specifically when a granter sells a mineral interest to another party. The granter requests a partial release of the mortgage or deed of trust on just the portion of the mineral interest they have sold, reducing the encumbrance on the remaining interest. 4. Partial Release on Royalty Interest Sold by Granter: A partial release on a royalty interest sold by the granter is utilized when the granter sells a portion of their royalty interest to someone else. The granter files this release to discharge a portion of the mortgage or deed of trust encumbering the sold portion, while leaving the remaining encumbrance intact. In conclusion, a partial release of mortgage or deed of trust in Alaska is a crucial legal tool used to release the mortgage or deed of trust encumbrance on a specific mineral or royalty interest that has been sold by the granter. It ensures the transfer of property rights, clarity of ownership, and freedom from liens on the portion of interest sold.