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

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by and after Recording Return to' section with your name, firm/company, address, city, state, zip, and phone number.
  3. Enter the Assessor’s Property Tax Parcel/Account Number in the designated field.
  4. In the 'PARTIAL RELEASE FROM MORTGAGE' section, provide the necessary details about the mortgage being released including the date of the mortgage, names of mortgagor(s), and mortgagee.
  5. Attach a legal description of the property as Exhibit A. Ensure this is accurately referenced in the form.
  6. Complete any applicable sections regarding assignments if necessary, including dates and document numbers.
  7. Have an authorized officer of the corporation sign and print their name along with their title in the appropriate fields.
  8. Finally, ensure that a notary public witnesses and signs where indicated to validate the document.

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A partial release in real estate allows some of the collateral used to secure a mortgage to be released after the borrower has repaid a portion of the loan. A borrower may want a partial release to sell a portion of the land or subdivide the property.
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