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

State:
Multi-State
County:
Bexar
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 Bexar Texas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter refers to a legal document that releases a portion of the mortgage or deed of trust on a mineral or royalty interest that has been sold by the granter. This partial release allows the granter to sell a portion of their interest while still retaining a remaining interest in the property. In the context of Bexar County, Texas, there may be different types of partial releases of mortgage or deed of trust on a mineral/royalty interest sold by the granter. Some possible variations include: 1. Partial Release by Percentage: This type of partial release specifies the percentage of the mineral or royalty interest that is being released. It allows the granter to sell a specific percentage of their interest while maintaining ownership of the remaining percentage. 2. Partial Release by Fractional Interest: Similar to the release by percentage, this type of partial release involves selling a specific fractional interest of the mineral or royalty interest. For example, the granter may sell 1/4th of their interest while still retaining 3/4th ownership. 3. Partial Release by Specific Tract: In certain cases, the granter may own multiple tracts of land with different mineral or royalty interests. A partial release by specific tract allows the granter to release the mortgage or deed of trust on a particular tract of land while keeping the interest intact on other tracts they own. 4. Partial Release with Reservations: This type of partial release may include certain reservations or limitations imposed by the granter. For instance, the granter may stipulate that specific conditions need to be met or retain certain rights related to the remaining interest after the partial release. It is important to consult with an experienced attorney or legal professional who specializes in real estate and mineral rights law to ensure that the Bexar Texas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is properly drafted and executed according to all applicable laws and regulations.

A Bexar Texas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter refers to a legal document that releases a portion of the mortgage or deed of trust on a mineral or royalty interest that has been sold by the granter. This partial release allows the granter to sell a portion of their interest while still retaining a remaining interest in the property. In the context of Bexar County, Texas, there may be different types of partial releases of mortgage or deed of trust on a mineral/royalty interest sold by the granter. Some possible variations include: 1. Partial Release by Percentage: This type of partial release specifies the percentage of the mineral or royalty interest that is being released. It allows the granter to sell a specific percentage of their interest while maintaining ownership of the remaining percentage. 2. Partial Release by Fractional Interest: Similar to the release by percentage, this type of partial release involves selling a specific fractional interest of the mineral or royalty interest. For example, the granter may sell 1/4th of their interest while still retaining 3/4th ownership. 3. Partial Release by Specific Tract: In certain cases, the granter may own multiple tracts of land with different mineral or royalty interests. A partial release by specific tract allows the granter to release the mortgage or deed of trust on a particular tract of land while keeping the interest intact on other tracts they own. 4. Partial Release with Reservations: This type of partial release may include certain reservations or limitations imposed by the granter. For instance, the granter may stipulate that specific conditions need to be met or retain certain rights related to the remaining interest after the partial release. It is important to consult with an experienced attorney or legal professional who specializes in real estate and mineral rights law to ensure that the Bexar Texas Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is properly drafted and executed according to all applicable laws and regulations.

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