A Tennessee Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that grants the release of a portion of a mortgage or deed of trust on a specific mineral or royalty interest that has been sold by the granter. This partial release allows the granter to release a specific portion of their mortgage or deed of trust, typically corresponding to the sold interest, while keeping the remaining portion intact. Keywords: Tennessee, Partial Release, Mortgage, Deed of Trust, Mineral Interest, Royalty Interest, Sold by Granter. Types of Tennessee Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Granter: 1. Partial Release of Mortgage/Deed of Trust on a Mineral Interest: This specific type of partial release is used when the granter has sold a portion or percentage of the mineral interest that was previously encumbered by a mortgage or deed of trust. This release enables the release of the portion that has been sold, allowing the grantee to hold the interest free of the mortgage or deed of trust. 2. Partial Release of Mortgage/Deed of Trust on a Royalty Interest: In this scenario, the granter has sold a share or percentage of their royalty interest. The partial release is utilized to release the mortgage or deed of trust on the sold portion, ensuring the grantee has clear ownership of the royalties acquired. 3. Partial Release of Mortgage/Deed of Trust on Mineral and Royalty Interests: This type of partial release is applicable when both mineral and royalty interests have been sold by the granter. It allows the release of the mortgage or deed of trust corresponding to only the sold interests, leaving the remaining interests still encumbered. In summary, a Tennessee Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that facilitates the release of a portion of a mortgage or deed of trust on specific mineral or royalty interests that have been sold by the granter. It ensures that the grantee of the sold interests holds clear ownership while maintaining the encumbrance on the remaining interests.
Tennessee Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor
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