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

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Maricopa
• Control #: US-OG-130
• Format: Word; Rich Text

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. Maricopa, Arizona, is a vibrant city located in Pinal County, known for its scenic landscapes, rich mining history, and thriving real estate market. Within this context, a Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter refers to a legal document that releases a specific portion or interest in a mortgage or deed of trust pertaining to mineral or royalty rights. This type of release is commonly used when a property owner decides to sell a portion of their mineral or royalty interests and wishes to release the mortgage liens associated with that particular portion. By doing so, the granter (i.e., the original property owner) is able to free the sold interest from the encumbrance of the mortgage or deed of trust. Different types of Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter may vary based on the specific details and terms involved in the transaction. Some common variations include: 1. Partial Release of Mortgage/Deed of Trust on A Mineral Interest: This type of release exclusively pertains to the mineral rights associated with the property. It allows the granter to sell a percentage or specified portion of their mineral interest and subsequently release the mortgage-related obligations tied to the sold interest. 2. Partial Release of Mortgage/Deed of Trust on A Royalty Interest: In this scenario, the release applies to the royalty rights associated with the property. The granter sells a specific share or designated portion of their royalty interest and subsequently releases the mortgage or deed of trust obligations pertaining to the sold interest. 3. Partial Release of Mortgage/Deed of Trust on A Mineral and Royalty Interest: This type of release covers both the mineral rights and royalty interests connected to the property. The granter sells a defined portion or percentage of their combined mineral and royalty interest, releasing the applicable mortgage or deed of trust encumbrances associated with the sold interest. It's important to note that the specifics of these documents may vary depending on the parties involved, the terms of the sale, and the legal requirements in Maricopa, Arizona. Seeking professional legal advice is highly recommended ensuring compliance with local regulations and to accurately execute the Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter.

Maricopa, Arizona, is a vibrant city located in Pinal County, known for its scenic landscapes, rich mining history, and thriving real estate market. Within this context, a Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter refers to a legal document that releases a specific portion or interest in a mortgage or deed of trust pertaining to mineral or royalty rights. This type of release is commonly used when a property owner decides to sell a portion of their mineral or royalty interests and wishes to release the mortgage liens associated with that particular portion. By doing so, the granter (i.e., the original property owner) is able to free the sold interest from the encumbrance of the mortgage or deed of trust. Different types of Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter may vary based on the specific details and terms involved in the transaction. Some common variations include: 1. Partial Release of Mortgage/Deed of Trust on A Mineral Interest: This type of release exclusively pertains to the mineral rights associated with the property. It allows the granter to sell a percentage or specified portion of their mineral interest and subsequently release the mortgage-related obligations tied to the sold interest. 2. Partial Release of Mortgage/Deed of Trust on A Royalty Interest: In this scenario, the release applies to the royalty rights associated with the property. The granter sells a specific share or designated portion of their royalty interest and subsequently releases the mortgage or deed of trust obligations pertaining to the sold interest. 3. Partial Release of Mortgage/Deed of Trust on A Mineral and Royalty Interest: This type of release covers both the mineral rights and royalty interests connected to the property. The granter sells a defined portion or percentage of their combined mineral and royalty interest, releasing the applicable mortgage or deed of trust encumbrances associated with the sold interest. It's important to note that the specifics of these documents may vary depending on the parties involved, the terms of the sale, and the legal requirements in Maricopa, Arizona. Seeking professional legal advice is highly recommended ensuring compliance with local regulations and to accurately execute the Maricopa Arizona Partial Release of Mortgage/Deed of Trust on A Mineral/Royalty Interest Sold by Granter.