Iowa 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 a granter is a legal document commonly used in Iowa to release a specific portion of the mortgaged property or deed of trust related to mineral rights or royalty interests. This release allows the granter to sell a specific portion of their mineral rights or royalty interests without affecting the remaining portion of the property that is still subject to the mortgage or deed of trust. Keywords: Iowa, partial release, mortgage, deed of trust, mineral rights, royalty interests, granter In Iowa, there are different types of partial releases of mortgages or deeds of trust related to the sale of mineral/royalty interests by a granter. These can include: 1. Iowa Partial Release of Mortgage on Mineral/Royalty Interest: This specific type of partial release is executed when the granter intends to sell a portion of their mineral rights or royalty interests while retaining ownership of the remaining interests. The release is recorded to reflect the reduction in the encumbrance on the property without affecting the overall mortgage or deed of trust. 2. Iowa Partial Release of Deed of Trust on Mineral/Royalty Interest: Similar to the partial release of a mortgage, this document is used primarily in Iowa when a granter sells a portion of their mineral rights or royalty interests while keeping the remaining interests. The partial release of the deed of trust records the released portion, ensuring clarity regarding the encumbrances on the property. 3. Iowa Partial Release of Mortgage or Deed of Trust on Partially Sold Mineral/Royalty Interest: This type of partial release is employed in situations where the granter intends to sell part of their mineral rights or royalty interests to a third party while simultaneously retaining a portion of the interests. The release is filed to protect the rights of the granter and buyer, clearly indicating the division of the property interests. It's important to consult with an attorney or legal professional for specifics related to Iowa's laws and requirements regarding partial releases of mortgages or deeds of trust on mineral/royalty interests. This ensures compliance with all necessary legal procedures and safeguards the interests of both parties involved in the transaction.

A partial release of mortgage or deed of trust on a mineral/royalty interest sold by a granter is a legal document commonly used in Iowa to release a specific portion of the mortgaged property or deed of trust related to mineral rights or royalty interests. This release allows the granter to sell a specific portion of their mineral rights or royalty interests without affecting the remaining portion of the property that is still subject to the mortgage or deed of trust. Keywords: Iowa, partial release, mortgage, deed of trust, mineral rights, royalty interests, granter In Iowa, there are different types of partial releases of mortgages or deeds of trust related to the sale of mineral/royalty interests by a granter. These can include: 1. Iowa Partial Release of Mortgage on Mineral/Royalty Interest: This specific type of partial release is executed when the granter intends to sell a portion of their mineral rights or royalty interests while retaining ownership of the remaining interests. The release is recorded to reflect the reduction in the encumbrance on the property without affecting the overall mortgage or deed of trust. 2. Iowa Partial Release of Deed of Trust on Mineral/Royalty Interest: Similar to the partial release of a mortgage, this document is used primarily in Iowa when a granter sells a portion of their mineral rights or royalty interests while keeping the remaining interests. The partial release of the deed of trust records the released portion, ensuring clarity regarding the encumbrances on the property. 3. Iowa Partial Release of Mortgage or Deed of Trust on Partially Sold Mineral/Royalty Interest: This type of partial release is employed in situations where the granter intends to sell part of their mineral rights or royalty interests to a third party while simultaneously retaining a portion of the interests. The release is filed to protect the rights of the granter and buyer, clearly indicating the division of the property interests. It's important to consult with an attorney or legal professional for specifics related to Iowa's laws and requirements regarding partial releases of mortgages or deeds of trust on mineral/royalty interests. This ensures compliance with all necessary legal procedures and safeguards the interests of both parties involved in the transaction.