Partial Release of Lien (Deed of Trust) (Commercial Property Loan) (Texas)

This legal template concerns a Partial Release of Lien, focusing specifically on a Deed of Trust associated with a Commercial Property Loan in the state of Texas. In the context of real estate financing, a Deed of Trust is a legal agreement, often used in lieu of a mortgage, where the borrower (trustor) transfers the title of the property to a trustee as security for the loan obtained from a lender (beneficiary). This template addresses the need for a partial release of the lien placed on the commercial property, which means the borrower seeks to have a portion of the property released from the lien obligation. This request for a partial release may arise due to various circumstances, such as a refinancing or a sale of part of the commercial property. The template outlines the specific terms and conditions for releasing the lien on the designated portion of the property, ensuring that all parties involved are properly notified and their interests are protected. It provides a legally binding framework for the borrower, trustee, and lender to follow when facilitating the partial release of the lien associated with the commercial property loan in Texas.