A Mecklenburg North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter refers to a legal document that releases a portion of a property's mineral or royalty interest from a mortgage or deed of trust. This partial release allows the granter to sell a specified portion of their interest while leaving the remaining portion intact. In Mecklenburg County, North Carolina, there are various types of partial releases of mortgage/deed of trust on a mineral/royalty interest sold by the granter, including: 1. Partial Release of Mortgage/Deed of Trust on a Fractional Mineral Interest: This type of release occurs when the granter owns a fractional portion of the mineral interest, and they wish to sell only a specific fraction of that interest to a buyer. 2. Partial Release of Mortgage/Deed of Trust on a Partial Royalty Interest: In this case, the granter owns a partial portion of the royalty interest and intends to sell a specific portion of that interest to a buyer. 3. Partial Release of Mortgage/Deed of Trust on a Specified Percentage of Mineral/Royalty Interest: This type of release involves the granter selling a specified percentage (e.g., 50%, 75%) of their overall mineral or royalty interest while retaining the remaining percentage. The Mecklenburg North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter typically includes the following details: 1. Identification of the parties involved: The document identifies the granter (property owner/seller) and the buyer/purchaser of the mineral/royalty interest. 2. Property description: A detailed description of the property is included to ensure clarity about the specific mineral/royalty interest being released. 3. Release details: The partial release specifies the exact portion or percentage of the mineral/royalty interest being sold by the granter. 4. Consideration: The amount of consideration or payment made by the buyer to the granter for the released portion of the mineral/royalty interest is mentioned. 5. Mortgage/Deed of Trust information: Information related to the existing mortgage or deed of trust on the property is disclosed, including the book and page number where it is recorded. 6. Legal language and signatures: The document contains legal language and provisions that are required to make the partial release legally binding. Additionally, it includes the signatures of both the granter and the buyer/purchaser, as well as notarization if necessary. It's important for individuals involved in these transactions in Mecklenburg County, North Carolina, to consult with a real estate attorney or professional familiar with local laws to ensure compliance and accuracy in drafting the specific Mecklenburg North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter.
Mecklenburg North Carolina Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor
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