Wake North Carolina 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: Wake
• 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. A Wake North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by the Granter is a legal document that pertains to the release of a mortgage or deed of trust on a specific portion or interest of mineral rights or royalties sold by the granter. This type of partial release is relevant in cases where the granter has sold or transferred only a portion of their mineral rights or royalty interests to another party. The purpose of the partial release is to clear the remaining portion of the property or interest from the mortgage or deed of trust, ensuring that the buyer of the partial interest receives clear and unencumbered title. Keywords: Wake North Carolina, partial release, mortgage, deed of trust, mineral, royalty interest, sold by granter, legal document, transfer of interests, clear title, unencumbered. Different types of Wake North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by the Granter may include: 1. Partial Release of Mortgage/Deed of Trust on a Fractional Mineral Interest: In this scenario, the granter sells only a percentage or fractional interest in their mineral rights or royalties. The partial release will specifically pertain to the released fraction of the property. 2. Partial Release of Mortgage/Deed of Trust on a Specific Royalty Interest: This type of release applies when the granter has sold only a particular royalty interest, such as a percentage of the revenue generated from a specific well or lease. The partial release will focus on the released royalty interest while retaining the mortgage or deed of trust on the remaining interest. 3. Partial Release of Mortgage/Deed of Trust on a Designated Mineral Parcel: This variant occurs when the granter sells a specific identified parcel of minerals or geological formation, like a shale formation or oil-bearing land. The partial release will target the sold mineral parcel while preserving the mortgage or deed of trust on the rest of the property. Note: The specific types of partial releases may vary depending on the legal framework and requirements in Wake County, North Carolina. Consulting with legal professionals is advisable to ensure accuracy and compliance with local laws and regulations.

A Wake North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by the Granter is a legal document that pertains to the release of a mortgage or deed of trust on a specific portion or interest of mineral rights or royalties sold by the granter. This type of partial release is relevant in cases where the granter has sold or transferred only a portion of their mineral rights or royalty interests to another party. The purpose of the partial release is to clear the remaining portion of the property or interest from the mortgage or deed of trust, ensuring that the buyer of the partial interest receives clear and unencumbered title. Keywords: Wake North Carolina, partial release, mortgage, deed of trust, mineral, royalty interest, sold by granter, legal document, transfer of interests, clear title, unencumbered. Different types of Wake North Carolina Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by the Granter may include: 1. Partial Release of Mortgage/Deed of Trust on a Fractional Mineral Interest: In this scenario, the granter sells only a percentage or fractional interest in their mineral rights or royalties. The partial release will specifically pertain to the released fraction of the property. 2. Partial Release of Mortgage/Deed of Trust on a Specific Royalty Interest: This type of release applies when the granter has sold only a particular royalty interest, such as a percentage of the revenue generated from a specific well or lease. The partial release will focus on the released royalty interest while retaining the mortgage or deed of trust on the remaining interest. 3. Partial Release of Mortgage/Deed of Trust on a Designated Mineral Parcel: This variant occurs when the granter sells a specific identified parcel of minerals or geological formation, like a shale formation or oil-bearing land. The partial release will target the sold mineral parcel while preserving the mortgage or deed of trust on the rest of the property. Note: The specific types of partial releases may vary depending on the legal framework and requirements in Wake County, North Carolina. Consulting with legal professionals is advisable to ensure accuracy and compliance with local laws and regulations.