Kansas 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 Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that allows a property owner, known as the granter, to release a portion of the mortgage or deed of trust on a specific mineral or royalty interest. This partial release is usually granted when the granter decides to sell a portion of their ownership rights in the mineral or royalty interest. This type of release is commonly utilized in Kansas, a state rich in natural resources such as oil, gas, and minerals. It allows the granter to free up the sold portion of the mineral or royalty interest from the mortgage or deed of trust, ensuring that the new owner acquires a clear title and ownership of the specific portion they purchased. The Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter serves as evidence of the granter's intention to release their claim on the sold portion of the mineral or royalty interest. It is crucial to accurately draft and record this document to ensure legal compliance and protect the rights of both the granter and the purchaser. Different types of Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter may include variations based on specific circumstances. Some possible types could be: 1. Partial Release of Mortgage on Mineral Interest: This type of release is used when the granter wants to sell a portion of their mineral interest. It releases the sold portion from the mortgage, securing the new owner's rights. 2. Partial Release of Deed of Trust on Royalty Interest: In this case, the granter sells a part of their royalty interest and uses this release to remove the sold portion from the existing deed of trust. It ensures the new owner's legitimate claim on the specific part of the royalty interest. 3. Partial Release of Mortgage on Mineral and Royalty Interest Combined: This type of release applies when the granter sells a portion of both their mineral and royalty interests in one transaction. The document releases the sold portion from the mortgage or deed of trust, safeguarding the buyer's ownership rights. Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is an essential legal tool in real estate transactions involving mineral interests. By accurately documenting and recording the partial release, all parties involved can establish certainty and clarity of ownership rights, ensuring a smooth transfer of interest in the specific portion of the mineral or royalty interest.

A Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that allows a property owner, known as the granter, to release a portion of the mortgage or deed of trust on a specific mineral or royalty interest. This partial release is usually granted when the granter decides to sell a portion of their ownership rights in the mineral or royalty interest. This type of release is commonly utilized in Kansas, a state rich in natural resources such as oil, gas, and minerals. It allows the granter to free up the sold portion of the mineral or royalty interest from the mortgage or deed of trust, ensuring that the new owner acquires a clear title and ownership of the specific portion they purchased. The Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter serves as evidence of the granter's intention to release their claim on the sold portion of the mineral or royalty interest. It is crucial to accurately draft and record this document to ensure legal compliance and protect the rights of both the granter and the purchaser. Different types of Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter may include variations based on specific circumstances. Some possible types could be: 1. Partial Release of Mortgage on Mineral Interest: This type of release is used when the granter wants to sell a portion of their mineral interest. It releases the sold portion from the mortgage, securing the new owner's rights. 2. Partial Release of Deed of Trust on Royalty Interest: In this case, the granter sells a part of their royalty interest and uses this release to remove the sold portion from the existing deed of trust. It ensures the new owner's legitimate claim on the specific part of the royalty interest. 3. Partial Release of Mortgage on Mineral and Royalty Interest Combined: This type of release applies when the granter sells a portion of both their mineral and royalty interests in one transaction. The document releases the sold portion from the mortgage or deed of trust, safeguarding the buyer's ownership rights. Kansas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is an essential legal tool in real estate transactions involving mineral interests. By accurately documenting and recording the partial release, all parties involved can establish certainty and clarity of ownership rights, ensuring a smooth transfer of interest in the specific portion of the mineral or royalty interest.