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Certificate Of Partial Release Of Mortgage And Assignment Of Rents And Profits By Title Insurance Company Or Its Agent Form. This is a Minnesota form and can be use in Department Of Commerce Statewide.
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Tags: Certificate Of Partial Release Of Mortgage And Assignment Of Rents And Profits By Title Insurance Company Or Its Agent, 20.7.4, Minnesota Statewide, Department Of Commerce
(Top 3 inches reserved for recording data)
CERTIFICATE OF PARTIAL RELEASE OF MORTGAGE AND
ASSIGNMENT OF RENTS AND PROFITS
by Title Insurance Company or Its Agent
Minn. Stat. 507.401
Minnesota Uniform Conveyancing Blanks
Form 20.7.4 (2006)
DATE:
(month/day/year)
, a business entity under the
(insert name of title insurance company or its agent)
, hereby certifies the following:
laws of
1. The mortgage being released hereby was dated
, recorded on
as
(month/day/year)
Document Number
County Recorder
(or in Book
Registrar of Titles of
of
(month/day/year)
Page
County, Minnesota (the “Mortgage”).
), in the Office of the
(check the applicable boxes)
2. With respect to the Mortgage, the name of the
a. mortgagor is
b. original mortgagee is
c. current servicer (if applicable) is
, (“Mortgagor”),
,
.
3. If applicable, the last assignment of the Mortgage is described as follows:
Name of Assignee:
assignment dated
, recorded on
(month/day/year)
(or in Book
,
, as Document Number
(month/day/year)
of
Page
, in the Office of the
County Recorder
Registrar of Titles
(check the applicable boxes)
of
County, Minnesota.
4. The assignment of rents and profits being released hereby was dated
, recorded on
(month/day/year)
as Document Number
County Recorder
(or in Book
Registrar of Titles of
of
(month/day/year)
Page
), in the Office of the
County, Minnesota (the “Assignment”).
(check the applicable boxes)
5. With respect to the Assignment, the name of the
a. assignor is
b. original assignee is
, (“Assignor”),
.
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Minnesota Uniform Conveyancing Blanks Form 20.7.4
6. If applicable, the last assignment of the Assignment is described as follows:
Name of Assignee:
assignment dated
, recorded on
(month/day/year)
(or in Book
of
,
, as Document Number
(month/day/year)
Page
), in the Office of the
County Recorder
Registrar of Titles of
(check the applicable boxes)
of
County, Minnesota.
7. The Mortgage was in the original principal amount of $1,500,000.00 or less;
8. The person executing the certificate of release is an officer or a duly appointed agent of a title insurance company authorized and
licensed to transact the business of insuring titles to interests in real property in this state pursuant to Minn. Stat. Ch. 68A;
9. The certificate of release is made on behalf of the Mortgagor or a person who acquired title from the Mortgagor to all or a part of the
property described in the Mortgage;
10. The mortgagee or current servicer provided a payoff statement which was used to make partial payment of the unpaid balance of the
loan secured by the Mortgage;
11. Partial payment of the unpaid balance of the loan secured by the Mortgage was made in accordance with the written or verbal payoff
statement, and;
12. This certificate of release affects only a portion of the land encumbered by the Mortgage. The legal description of the portion being
released is as follows:
Check here if all or part of the described real property is Registered (Torrens)
13.
Appointment of agent filed recorded as Document Number
(or in Book
Page
), in the Office of the
County Recorder
Registrar of Titles of
(Complete if by agent)
or
(check the applicable boxes)
County, Minnesota.
Title Insurance Company or its Agent
(name of Title Insurance Company or its Agent)
By:
(signature)
Its:
(type of authority)
By:
(signature)
Its:
(type of authority)
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Minnesota Uniform Conveyancing Blanks Form 20.7.4
State of Minnesota, County of
This instrument was acknowledged before me on
, by
(month/day/year)
(name of authorized signer)
as
(type of authority)
and by
(name of authorized signer)
as
of
.
(type of authority)
(name of Title Insurance Company or its Agent)
(Seal, if any)
(signature of notarial officer)
Title (and Rank):
My commission expires:
(month/day/year)
THIS INSTRUMENT WAS DRAFTED BY:
(insert name and address)
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