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

State:
Multi-State
Control #:
US-OG-130
Format:
Word; 
Rich Text
Instant download

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 New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by the Granter is a legal document used to release a portion of a mortgage or deed of trust on a property's mineral or royalty interest that has been sold by the original granter. This partial release facilitates the transfer of ownership and ensures that the new owner has clear and unencumbered rights to the specific portion of the property. Keywords: New Jersey, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold, granter, property, ownership, transfer. Different Types of New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter: 1. New Jersey Partial Release of Mortgage on a Mineral Interest Sold by Granter: This type of partial release is specifically used when a granter sells a portion of their mineral interest associated with a property, allowing them to release a corresponding portion of the mortgage debt related to that interest. 2. New Jersey Partial Release of Deed of Trust on a Mineral Interest Sold by Granter: Similar to the partial release of a mortgage, this type pertains to a deed of trust where the granter sells a portion of their mineral interest, requiring the release of the corresponding portion of the deed of trust. 3. New Jersey Partial Release of Mortgage on a Royalty Interest Sold by Granter: This document is employed when the granter sells a portion of their royalty interest related to a property, permitting the release of a proportionate amount of the mortgage on that specific interest. 4. New Jersey Partial Release of Deed of Trust on a Royalty Interest Sold by Granter: Like the previous type, this partial release of a deed of trust is applicable when a granter sells a portion of their royalty interest, necessitating the release of the corresponding portion of the deed of trust. These various types of New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter enable legal clarity and prevent any confusion or disputes regarding ownership rights and outstanding mortgage obligations.

A New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by the Granter is a legal document used to release a portion of a mortgage or deed of trust on a property's mineral or royalty interest that has been sold by the original granter. This partial release facilitates the transfer of ownership and ensures that the new owner has clear and unencumbered rights to the specific portion of the property. Keywords: New Jersey, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold, granter, property, ownership, transfer. Different Types of New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter: 1. New Jersey Partial Release of Mortgage on a Mineral Interest Sold by Granter: This type of partial release is specifically used when a granter sells a portion of their mineral interest associated with a property, allowing them to release a corresponding portion of the mortgage debt related to that interest. 2. New Jersey Partial Release of Deed of Trust on a Mineral Interest Sold by Granter: Similar to the partial release of a mortgage, this type pertains to a deed of trust where the granter sells a portion of their mineral interest, requiring the release of the corresponding portion of the deed of trust. 3. New Jersey Partial Release of Mortgage on a Royalty Interest Sold by Granter: This document is employed when the granter sells a portion of their royalty interest related to a property, permitting the release of a proportionate amount of the mortgage on that specific interest. 4. New Jersey Partial Release of Deed of Trust on a Royalty Interest Sold by Granter: Like the previous type, this partial release of a deed of trust is applicable when a granter sells a portion of their royalty interest, necessitating the release of the corresponding portion of the deed of trust. These various types of New Jersey Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter enable legal clarity and prevent any confusion or disputes regarding ownership rights and outstanding mortgage obligations.

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