Minnesota > Statewide > Department Of Commerce > Uniform Conveyancing Blanks > Mortgages
Certificate Of Partial Release Of Mortgage And Assignment Of Rents And Profits 20.7.4 - Minnesota
| Certificate Of Partial Release Of Mortgage And Assignment Of Rents And Profits Form. This is a Minnesota form and can be used in Mortgages Uniform Conveyancing Blanks Department Of Commerce Statewide . |
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(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 DATE: Minnesota Uniform Conveyancing Blanks Form 20.7.4 (2011) (month/day/year) laws of , hereby certifies the following: (month/day/year) (insert name of title insurance company or its agent) , a business entity under the 1. The mortgage being released hereby was dated Document Number County Recorder (or in Book , recorded on Page County, Minnesota (the "Mortgage"). of (month/day/year) as ), in the Office of the (check the applicable boxes) Registrar of Titles of 2. With respect to the Mortgage, the name of the a. mortgagor is b. original mortgagee is c. current servicer (if applicable) is 3. If applicable, the last assignment of the Mortgage is described as follows: Name of Assignee: assignment dated , recorded on (or in Book of (month/day/year) , ("Mortgagor"), , . , , as Document Number of Page County, Minnesota. (month/day/year) , in the Office of the County Recorder Registrar of Titles (check the applicable boxes) 4. The assignment of rents and profits being released hereby was dated as Document Number County Recorder Registrar of Titles of (check the applicable boxes) (or in Book of Page ), in the Office of the County, Minnesota (the "Assignment"). (month/day/year) , recorded on (month/day/year) 5. With respect to the Assignment, the name of the a. assignor is b. original assignee is , ("Assignor"), . Page 1 of 3 American LegalNet, Inc. www.FormsWorkFlow.com Page 2 of 3 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 (or in Book of of (month/day/year) , , as Document Number Page ), in the Office of the (month/day/year) County Recorder Registrar of Titles of (check the applicable boxes) 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. (Complete if by agent) Appointment of agent filed recorded as Document Number (or in Book Page ), in the Office of the County Recorder Registrar of Titles of (check the applicable boxes) or County, Minnesota. Title Insurance Company or its Agent (name of Title Insurance Company or its Agent) By: (signature) Its: By: (type of authority) (signature) Its: (type of authority) American LegalNet, Inc. www.FormsWorkFlow.com Page 3 of 3 Minnesota Uniform Conveyancing Blanks Form 20.7.4 State of Minnesota, County of This instrument was acknowledged before me on , by as (month/day/year) (name of authorized signer) (type of authority) and by as (type of authority) (name of authorized signer) of (name of Title Insurance Company or its Agent) . (Stamp) (signature of notarial officer) Title (and Rank): My commission expires: (month/day/year) THIS INSTRUMENT WAS DRAFTED BY: (insert name and address) American LegalNet, Inc. www.FormsWorkFlow.com
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