A partial release of mortgage or deed of trust lien on a leasehold interest in part of lands subject to a mortgage or deed of trust is a legal document specific to Iowa that allows for the release of a mortgage or deed of trust lien on a leasehold interest in only a portion of the property that is subject to the original mortgage or deed of trust. This can be applicable in situations where the property is divided or subdivided, and the owner of the leasehold interest wants to release the lien on a specific portion of their property. The Iowa Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust document is typically used when a lender agrees to release their security interest on a particular portion of the property, while keeping the lien on the remaining portion intact. Keywords: Iowa, partial release, mortgage, deed of trust, lien, leasehold interest, lands, subject, property, legal document, release, security interest. Different types of Iowa Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust may include: 1. Iowa Partial Release of Mortgage Lien on Leasehold Interest: This type of partial release is specific to mortgage liens and is used when the lender agrees to release the lien on a leasehold interest in a portion of the property. 2. Iowa Partial Release of Deed of Trust Lien on Leasehold Interest: This type of partial release is specific to deed of trust liens and is used when the lender agrees to release the lien on a leasehold interest in a portion of the property. 3. Iowa Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Multiple Portions of Lands: This type of partial release is used when the leasehold interest spans across multiple portions of the property that are subject to the mortgage or deed of trust, and the lender agrees to release the lien on specific portions while retaining it on others. 4. Iowa Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest with Reserved Rights: This type of partial release is used when the lender releases the lien on a leasehold interest but reserves certain rights, such as the right to access or maintain the property. It's essential to consult with a legal professional or real estate attorney to ensure the accuracy and validity of these documents, as requirements and specific provisions may vary.
Iowa Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust
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How to fill out Iowa Partial Release Of Mortgage / Deed Of Trust Lien On Leasehold Interest In Part Of Lands Subject To Mortgage / Deed Of Trust?
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558.31 Proof of execution and delivery in lieu of acknowledgment.
To exercise the Option to Purchase, the Buyer/ Tenant must deliver to the Seller/Landlord written notice of Buyer/Tenant's intent to purchase. In addition, the written notice must specify a valid closing date.
558.44 Mandatory recordation of conveyances and leases of agricultural land.
558.70 Contract disclosure statement required for certain residential real estate installment sales.
654.20 Foreclosure without redemption ? nonagricultural land. 1. If the mortgaged property is not used for an agricultural purpose as defined in section 535.13, the plaintiff in an action to foreclose a real estate mortgage may include in the petition an election for foreclosure without redemption.
In a ?subject to? sale, the buyer doesn't work with the lender at all; they take over the seller's existing mortgage. The seller's name remains on the loan. So, the seller is ultimately responsible for the mortgage, even though they don't own the property.
Remember, the Iowa statute requires you to disclose "material" problems concerning your home. Material is understood to mean a problem that would significantly and adversely affecting the property's value, significantly reduce its structural integrity, or present a significant health risk to its occupants.
Failure to record a conveyance or lease of agricultural land required to be recorded by this section by the grantee or lessee within the specified time limit is punishable by a fine not to exceed one hundred dollars per day for each day of violation.
