Phelps County Full Release of Memorandum of Land Contract Form

Phelps County Full Release of Memorandum of Land Contract Form
Fill in the blank Full Release of Memorandum of Land Contract form formatted to comply with all Nebraska recording and content requirements.

Phelps County Full Release of Memorandum of Land Contract Guide
Line by line guide explaining every blank on the Full Release of Memorandum of Land Contract form.

Phelps County Completed Example of the Full Release of Memorandum of Land Contract Document
Example of a properly completed Nebraska Full Release of Memorandum of Land Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Nebraska and Phelps County documents included at no extra charge:
Where to Record Your Documents
Phelps County Register of Deeds
Holdrege, Nebraska 68949
Hours: 9:00am to 5:00pm M-F
Phone: (308) 995-4469
Recording Tips for Phelps County:
- White-out or correction fluid may cause rejection
- Avoid the last business day of the month when possible
- Ask about their eRecording option for future transactions
Cities and Jurisdictions in Phelps County
Properties in any of these areas use Phelps County forms:
- Atlanta
- Bertrand
- Funk
- Holdrege
- Loomis
Hours, fees, requirements, and more for Phelps County
How do I get my forms?
Forms are available for immediate download after payment. The Phelps County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Phelps County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Phelps County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Phelps County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Phelps County?
Recording fees in Phelps County vary. Contact the recorder's office at (308) 995-4469 for current fees.
Questions answered? Let's get started!
Releasing a Memorandum of Land Contract in Nebraska is important because the memorandum is a public record that signals an equitable interest in the property. If it’s no longer valid—due to payoff, default, rescission, or other reasons—it needs to be formally released to prevent legal and transactional problems.
Reasons for release:
1. Removes Cloud on Title
A recorded memorandum creates a noticeable lien-like interest in the property.
If not released, it may block:
Sale or refinance by the seller
Title insurance issuance
Transfers to third parties
2. Prevents Future Legal Disputes
Without a release, future parties (buyers, creditors) may believe the land contract is still active.
The buyer or seller could face false claims, lawsuits, or delays in transactions.
3. Clarifies Contract Termination or Fulfillment
Confirms that the land contract has:
Been satisfied (i.e., paid in full and deed delivered)
Cancelled or rescinded
Terminated due to default or abandonment
Makes the termination part of the public record.
4. Protects the Seller
Prevents a buyer from later claiming ongoing interest or breach. Frees up the seller to sell, lease, or finance the property again.
5. Protects the Buyer
If the buyer walked away or defaulted, recording a release formally cuts off future responsibility.
Prevents confusion about taxes, liens, or legal obligations tied to the land contract.
Common reasons to Release a Memorandum of Land Contract
Scenario……………………………..Should You File a Release?
Buyer paid in full and received deed….Yes — contract fulfilled
Parties mutually cancel the contract ….Yes — prevent title issues
Buyer defaults and vacates…..Yes — seller clears title
Contract rescinded or restructured …..Yes — if replaced with new agreement
Contract still active…..No — unless
Who Releases a previously recorded Memorandum of Land Contract.
Releasor: The party (usually the seller) who files a legal document to remove a previously recorded Memorandum of Land Contract from the public record.
Authorized to Release: The party who recorded the memorandum or has authority over the interest being released.
For use in Nebraska only.
Important: Your property must be located in Phelps County to use these forms. Documents should be recorded at the office below.
This Full Release of Memorandum of Land Contract meets all recording requirements specific to Phelps County.
Our Promise
The documents you receive here will meet, or exceed, the Phelps County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Phelps County Full Release of Memorandum of Land Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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February 18th, 2022
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April 20th, 2021
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May 18th, 2021
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