A mortgage that encumbers the seller's interest in a contract for deed ceases to encumber real property described in a deed given pursuant to the contract if the purchaser has not joined in or consented to the mortgage in a recorded instrument and the mortgage is recorded subsequent to the recording of the contract.
Minn. Stat. § 507.402
DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER.
Known as the Minnesota Real Property Electronic Recording Act
The act spans §§ 507–507 (74 sections).
2003 c 5 art 2 s 2
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.