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Partial Release of Property From Mortgage for Corporation - North Dakota

Partial Release of Property From Mortgage for Corporation - North Dakota 2025

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The document is a legal instrument for a partial release from a mortgage, detailing the release of specific real property from an existing mortgage while maintaining the mortgage's validity on remaining properties. It includes sections for identification of parties, property details, execution by a corporation, notarization, and an attached legal description.

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What is a partial release clause in real estate?

Partial Release Clause is a provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor.

What is a partial release of collateral?

A partial release is a legal process that allows a homeowner to remove a portion of their property from the lien of their mortgage. This can be necessary when subdividing land, selling off a lot, or making specific property changes that require releasing a portion of the land from the mortgage.

What is the North Dakota Century Code?

The North Dakota Century Code is the collection of all the statutes passed by the North Dakota Legislative Assembly since the states admission to the Union. It also includes the North Dakota Constitution. The numbering system for the Century Code is a three-part number, with each part separated by a hyphen.

What is required for a partial release of mortgage?

Lenders require proof of payment, a survey map, an appraisal, and a letter outlining the reason for the partial release. Borrowers may need to pay fees to the lender and the county recorders office.

How to cite the nd century code?

To refer to a Subsection, the number of the Subsection follows the Section number in parentheses. For example, N.D.C.C. 27-20-34(1). This refers to the text of the law in North Dakota Century Code Title 27, Chapter 20, Section 34, Subsection 1.

How to put a lien on property in North Dakota?

Lien claims are filed at the recorders office in the North Dakota county in which the property is located. View a full list of North Dakota recorders offices to find contact information, fees, and filing requirements. The deadline to file a lien in North Dakota is 90 days after last furnishing.

What is the ND cent code 35 01 27?

35-01-27. Discharge of mortgage or lien on real property - Penalty.

What is North Dakota Century Code 23 07 01?

23-07-01. Department - Collection of public health information. The department of health and human services shall designate the diseases or conditions that must be reported.

Partial Release of Property From Mortgage for Corporation - North Dakota 2025

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