Description: An Alabama Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest is a legal document that allows a lender to release a portion of the property that is secured by a mortgage or deed of trust. This type of release is applicable in cases where there is an undivided leasehold interest in the property. In Alabama, there are different types of Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest, depending on the specific situation. Some of these variations include: 1. Partial Release of Mortgage on Undivided Leasehold Interest: This type of release is used when a lender wants to release a certain portion of the property that is secured by a mortgage, which is held as an undivided leasehold interest. This can occur when a property is divided into separate leaseholds, and the lender wants to release the mortgage on one of the leaseholds, while keeping it on the others. 2. Partial Release of Deed of Trust on Undivided Leasehold Interest: Similar to the partial release of mortgage, this type of release is applicable when a deed of trust has been used to secure the property and the lender wishes to release a portion of it which is held as an undivided leasehold interest. 3. Partial Release of Mortgage / Deed of Trust on Multiple Undivided Leasehold Interests: This variation is used when there are multiple undivided leasehold interests in the property, and the lender intends to release one or more of these interests while still maintaining the mortgage or deed of trust on the remaining interests. Keywords: Alabama, partial release, mortgage, deed of trust, undivided leasehold interest, legal document, lender, portion, secured, property, variations, partial release of mortgage, partial release of deed of trust, multiple undivided leasehold interests.
Alabama Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest
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How to fill out Alabama Partial Release Of Mortgage / Deed Of Trust On Undivided Leasehold Interest?
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