Arkansas Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lienholder

• Category: Oil Gas and Minerals - Subordination
• State: Multi-State
• Control #: US-OG-142
• Format: Word; Rich Text

Description

This form provides for a lienholder to subordinate its lien, created by a mortgage or deed of trust, to an existing oil and gas lease, and directs the bonus and rental payments provided for in the lease to be delivered to the lessor until notified by the lienholder. Arkansas Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder In Arkansas, the Subordination of Mortgage or Deed of Trust to an Oil and Gas Lease with Bonus and Royalty Payments is a legal agreement that establishes the priority of payments between a mortgage or deed of trust and an oil and gas lease agreement. This arrangement ensures that the lessor receives the bonus and royalty payments until the lien holder issues a notice to redirect the payments. In the state of Arkansas, there are several types of Subordination of Mortgage or Deed of Trust to Oil and Gas Lease agreements. These may include: 1. Subordination of Mortgage to Oil and Gas Lease: This type of agreement stipulates that the mortgage or deed of trust takes a secondary position to the oil and gas lease, ensuring that the lessor receives the bonus and royalty payments first. 2. Subordination of Deed of Trust to Oil and Gas Lease: Similar to the above, this arrangement outlines that a deed of trust takes a subordinate position to the oil and gas lease, allowing the lessor to collect bonus and royalty payments until notice from the lien holder. 3. Subordination of Mortgage or Deed of Trust to Oil and Gas Lease with Bonus Payments: This variation specifies that only bonus payments from the oil and gas lease go to the lessor until notification from the lien holder. Royalty payments, on the other hand, may follow a different distribution scheme. 4. Subordination of Mortgage or Deed of Trust to Oil and Gas Lease with Royalty Payments: In this case, the lessor is entitled to royalty payments from the oil and gas lease until notice from the lien holder. Bonus payments may have a separate arrangement or may follow typical distribution protocols. These various types of subordination agreements ensure clear payment priority and protect the rights of both the mortgage or deed of trust holder and the lessor in an oil and gas lease. It is crucial for all parties involved to consult with legal professionals to draft and execute these agreements in compliance with Arkansas state laws. Keywords: Arkansas, Subordination of Mortgage, Deed of Trust, Oil and Gas Lease, Bonus Payments, Royalty Payments, Lessor, Notice from Lien holder, Payment Priority, Legal Agreement, Oil and Gas Lease Agreement.

Arkansas Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder In Arkansas, the Subordination of Mortgage or Deed of Trust to an Oil and Gas Lease with Bonus and Royalty Payments is a legal agreement that establishes the priority of payments between a mortgage or deed of trust and an oil and gas lease agreement. This arrangement ensures that the lessor receives the bonus and royalty payments until the lien holder issues a notice to redirect the payments. In the state of Arkansas, there are several types of Subordination of Mortgage or Deed of Trust to Oil and Gas Lease agreements. These may include: 1. Subordination of Mortgage to Oil and Gas Lease: This type of agreement stipulates that the mortgage or deed of trust takes a secondary position to the oil and gas lease, ensuring that the lessor receives the bonus and royalty payments first. 2. Subordination of Deed of Trust to Oil and Gas Lease: Similar to the above, this arrangement outlines that a deed of trust takes a subordinate position to the oil and gas lease, allowing the lessor to collect bonus and royalty payments until notice from the lien holder. 3. Subordination of Mortgage or Deed of Trust to Oil and Gas Lease with Bonus Payments: This variation specifies that only bonus payments from the oil and gas lease go to the lessor until notification from the lien holder. Royalty payments, on the other hand, may follow a different distribution scheme. 4. Subordination of Mortgage or Deed of Trust to Oil and Gas Lease with Royalty Payments: In this case, the lessor is entitled to royalty payments from the oil and gas lease until notice from the lien holder. Bonus payments may have a separate arrangement or may follow typical distribution protocols. These various types of subordination agreements ensure clear payment priority and protect the rights of both the mortgage or deed of trust holder and the lessor in an oil and gas lease. It is crucial for all parties involved to consult with legal professionals to draft and execute these agreements in compliance with Arkansas state laws. Keywords: Arkansas, Subordination of Mortgage, Deed of Trust, Oil and Gas Lease, Bonus Payments, Royalty Payments, Lessor, Notice from Lien holder, Payment Priority, Legal Agreement, Oil and Gas Lease Agreement.