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

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US-OG-130
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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 Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that releases a specific portion or percentage of a mortgage or deed of trust placed on a property's mineral or royalty interest. This partial release is executed when the granter sells a portion of their interest in the mineral or royalty rights associated with the property. Keywords: Minnesota, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold, granter. There are several types of Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter, including: 1. Partial Release of Mortgage on a Mineral Interest: This type of release is used when the granter sells a portion of their interest in a mineral right associated with a property. It specifically releases the mortgage or deed of trust on the percentage or portion of the mineral interest that is sold. 2. Partial Release of Deed of Trust on a Royalty Interest: When the granter sells a percentage or portion of their royalty interest in a property, this type of release is used to release the corresponding deed of trust or mortgage on that specific part of the royalty interest. 3. Partial Release of Mortgage on a Mineral and Royalty Interest: In cases where the granter sells both mineral and royalty interests, this release type is used. It releases the mortgage or deed of trust on the sold portion of both the mineral and royalty interests separately. 4. Partial Release of Deed of Trust on a Mineral/Royalty Interest in Granter: This release is executed when the granter sells a portion of their mineral or royalty interest, releasing the corresponding deed of trust. It acknowledges the sale and legally releases the mortgage. It is important for parties involved to draft and execute the Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter correctly to ensure the accurate release of the mortgage or deed of trust on the specific portion of the mineral or royalty interest that has been sold. Consulting with a legal professional experienced in real estate and mineral rights transactions is advisable to ensure compliance with Minnesota state laws and regulations.

A Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that releases a specific portion or percentage of a mortgage or deed of trust placed on a property's mineral or royalty interest. This partial release is executed when the granter sells a portion of their interest in the mineral or royalty rights associated with the property. Keywords: Minnesota, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold, granter. There are several types of Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter, including: 1. Partial Release of Mortgage on a Mineral Interest: This type of release is used when the granter sells a portion of their interest in a mineral right associated with a property. It specifically releases the mortgage or deed of trust on the percentage or portion of the mineral interest that is sold. 2. Partial Release of Deed of Trust on a Royalty Interest: When the granter sells a percentage or portion of their royalty interest in a property, this type of release is used to release the corresponding deed of trust or mortgage on that specific part of the royalty interest. 3. Partial Release of Mortgage on a Mineral and Royalty Interest: In cases where the granter sells both mineral and royalty interests, this release type is used. It releases the mortgage or deed of trust on the sold portion of both the mineral and royalty interests separately. 4. Partial Release of Deed of Trust on a Mineral/Royalty Interest in Granter: This release is executed when the granter sells a portion of their mineral or royalty interest, releasing the corresponding deed of trust. It acknowledges the sale and legally releases the mortgage. It is important for parties involved to draft and execute the Minnesota Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter correctly to ensure the accurate release of the mortgage or deed of trust on the specific portion of the mineral or royalty interest that has been sold. Consulting with a legal professional experienced in real estate and mineral rights transactions is advisable to ensure compliance with Minnesota state laws and regulations.

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