Contracts
In Louisiana, a 'release deed' is used to:
ARelease the seller from warranty obligations
BRelease a specific parcel from a blanket mortgage when it is sold, allowing the rest of the mortgaged property to remain encumbered✓ Correct
CRelease the buyer from the purchase obligation
DRelease a lien that has been paid
Explanation
A partial release (or release deed) is used in blanket mortgages — as individual lots or parcels are sold and paid for, a release deed frees that specific parcel from the blanket mortgage, allowing clear title to be delivered to the buyer.
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