Phelps County Full Release of Memorandum of Land Contract Form (Nebraska)
All Phelps County specific forms and documents listed below are included in your immediate download package:
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.
Included Phelps County compliant document last validated/updated 6/4/2025
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.
Included Phelps County compliant document last validated/updated 6/4/2025
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.
Included Phelps County compliant document last validated/updated 6/4/2025
The following Nebraska and Phelps County supplemental forms are included as a courtesy with your order:
When using these Full Release of Memorandum of Land Contract forms, the subject real estate must be physically located in Phelps County. The executed documents should then be recorded in the following office:
Phelps County Register of Deeds
Courthouse - 715 Fifth Ave / PO Box 404 , Holdrege, Nebraska 68949
Hours: 9:00am to 5:00pm M-F
Phone: (308) 995-4469
Local jurisdictions located in Phelps County include:
- Atlanta
- Bertrand
- Funk
- Holdrege
- Loomis
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Phelps County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Phelps County using our eRecording service.
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 the Full Release of Memorandum of Land Contract forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Phelps County that you need to transfer you would only need to order our forms once for all of your properties in Phelps County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Nebraska or Phelps County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Phelps County Full Release of Memorandum of Land Contract forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
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.
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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I found this site a must. It provided all the forms I needed to file a Quit Claim Deed. I filed what use to be called a Quick Claim Deed 30 years ago. You only had to file the one form. Today it is called a Quit Claim Deed. The pack provided forms that I had no idea had to be filed with the Quit Claim Deed. I would not have known this otherwise if the option hadn't presented itself. Thank you!
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