Puerto Rico Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Granter: A Puerto Rico Partial Release of Mortgage or Deed of Trust on a Mineral or Royalty Interest Sold by the Granter is a legal document that serves to release a portion of the mortgage or deed of trust, specifically pertaining to a mineral or royalty interest, held by the granter. This document is used to clarify and document the transfer of ownership rights or interests in mineral or royalty assets under the mortgage or deed of trust. Keywords: Puerto Rico, partial release, mortgage, deed of trust, mineral interest, royalty interest, sold, granter. Types of Puerto Rico Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Granter: 1. Mineral Interest Partial Release: This type of partial release specifically deals with the transfer of ownership rights in a mineral interest within the mortgage or deed of trust. It ensures that the granter is released from the responsibility of the mortgage or deed of trust related to the portion of the mineral interest that has been sold. 2. Royalty Interest Partial Release: This type of partial release focuses on the transfer of ownership rights in a royalty interest held within the mortgage or deed of trust. It clarifies the granter's release from the mortgage or deed of trust obligations for the portion of the royalty interest that has been sold. 3. Combined Partial Release: In some cases, a Puerto Rico Partial Release of Mortgage / Deed of Trust may involve both mineral and royalty interests simultaneously. This type of partial release encompasses the transfer of ownership rights for both the mineral and royalty interests sold by the granter. It ensures the granter's release from the mortgage or deed of trust obligations associated with the sold portion of the mineral and royalty interests. These various types of partial releases serve as legal instruments to clearly document the transfer of ownership rights and the respective release of mortgage or deed of trust obligations related to the mineral and royalty interests sold by the granter in Puerto Rico.
Puerto Rico Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor
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FAQ
A partial release is a mortgage provision that allows some of the collateral to be released from a mortgage after the borrower pays a certain amount of the loan. Lenders require proof of payment, a survey map, appraisal, and a letter outlining the reason for the partial release.
A warranty deed ensures a buyer that the property is owned by the seller and is able to be sold without any encumbrances. A deed of trust is used in certain states, and represents a buyer's guarantee with their lender to repay the property loan as scheduled.
Deed of Trust (D/T) Deed of Easement (D/EASE)
There is no acronym for the word trust. Trust is a verb or noun.
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.
Over to the Trustees mentioned hereunder, is hereby acknowledged by the Trustees, who hereby accept the appointment as such Trustees of the said Trust, under the terms and conditions, set out hereunder for the fulfillment of the objects of the Trust, more fully and particularly described and set out hereunder.
Deed of Trust (DOT): A deed of trust involves three parties: a lender, a borrower, and a trustee. The lender gives the borrower money. In exchange, the borrower gives the lender one or more promissory notes.
There are three parties involved in a deed of trust: Trustor: This is the borrower. Trustee: This is the third party who will hold the legal title to the real property. Beneficiary: This is the lender.
