The Indiana Royalty Deed with Limited Warranty is a legally binding document that involves the transfer of ownership rights and interests in mineral or oil and gas royalties. This type of deed is specific to the state of Indiana and offers limited warranties to the buyer, assuring them that the granter possesses lawful title to the royalties but making no guarantees about any encumbrances or defects in the title prior to their ownership. Keywords: Indiana, Royalty Deed, Limited Warranty, ownership rights, mineral royalties, oil and gas royalties, transfer of ownership, lawful title, encumbrances, defects. There are several variations or additional types of Indiana Royalty Deed with Limited Warranty that may be used in specific circumstances. These include: 1. Indiana Royalty Deed with Limited Warranty — Single Grantor: This type of deed is used when there is only one granter transferring ownership rights and interests in mineral or oil and gas royalties. 2. Indiana Royalty Deed with Limited Warranty — Multiple Grantors: When multiple grantors are involved in the transfer of ownership rights and interests in royalties, this type of deed is utilized. 3. Indiana Royalty Deed with Limited Warranty — Subject to Existing Encumbrances: In cases where the ownership of royalties being transferred is subject to existing encumbrances, such as mortgages or liens, this specific type of deed is employed to clarify the limited warranty provided. 4. Indiana Royalty Deed with Limited Warranty — Partial Interest: This type of deed is used when only a portion or percentage of ownership rights and interests in royalties are being transferred, rather than the entire ownership. 5. Indiana Royalty Deed with Limited Warranty — Surface Owner Exception: In situations where the surface owner retains certain rights or exceptions related to the royalties being transferred, this type of deed is employed to define and limit the warranty provided. It is essential to consult with legal professionals or experts in Indiana real estate law to ensure that the specific type of Indiana Royalty Deed with Limited Warranty chosen is appropriate for the particular circumstances and fulfills all legal requirements.
Indiana Royalty Deed with Limited Warranty
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