New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-406
• Format: Word; Rich Text

Description

This form of release is used when Lienholder releases, relinquishes, and surrenders to Mortgagor/ Grantor's Assignee all of Lienholder's rights, claims, and liens under the Mortgage/Deed of Trust in and to an undivided overriding royalty interest. A New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document used to release a portion of a lien placed on an assigned overriding royalty interest in the state of New Hampshire. This document is crucial in situations where an individual or entity wants to release a part of the lien on the assigned overriding royalty interest while maintaining the lien on the remaining portion. In New Hampshire, there are different types of partial releases of lien on assigned overriding royalty interest that can be utilized depending on the specific circumstances. These may include: 1. Percentage-based Partial Release: This type of partial release allows the release of a specific percentage of the lien on the assigned overriding royalty interest. It is typically used when the interested party wishes to release a portion of the lien while retaining a percentage of the interest as collateral. 2. Value-based Partial Release: In cases where the assigned overriding royalty interest has fluctuating values, a value-based partial release can be employed. This allows the release of a specific monetary value of the lien while still retaining a lien on the remaining interest. 3. Time-based Partial Release: Sometimes, a lien holder may agree to release a portion of the lien on the assigned overriding royalty interest over a specific period. This type of partial release is known as a time-based partial release. It allows the partial release to be effective for a predetermined period, after which the lien may be reinstated if necessary. A New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest document typically includes essential details such as: — The names and contact information of the parties involved (lien holder, assignor, and assignee) — A description of the assigned overriding royalty interest subject to the lien — The specific portion or value of the lien being released — The effective date of the partial release — Any conditions or terms associated with the partial release — Signatures of all parties involved, including notarization It is important to consult with a legal professional to properly draft and execute a New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest, as the specific requirements and legalities may vary. Additionally, ensuring accuracy and completeness of the document is crucial to avoid any disputes or legal complications in the future.

A New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document used to release a portion of a lien placed on an assigned overriding royalty interest in the state of New Hampshire. This document is crucial in situations where an individual or entity wants to release a part of the lien on the assigned overriding royalty interest while maintaining the lien on the remaining portion. In New Hampshire, there are different types of partial releases of lien on assigned overriding royalty interest that can be utilized depending on the specific circumstances. These may include: 1. Percentage-based Partial Release: This type of partial release allows the release of a specific percentage of the lien on the assigned overriding royalty interest. It is typically used when the interested party wishes to release a portion of the lien while retaining a percentage of the interest as collateral. 2. Value-based Partial Release: In cases where the assigned overriding royalty interest has fluctuating values, a value-based partial release can be employed. This allows the release of a specific monetary value of the lien while still retaining a lien on the remaining interest. 3. Time-based Partial Release: Sometimes, a lien holder may agree to release a portion of the lien on the assigned overriding royalty interest over a specific period. This type of partial release is known as a time-based partial release. It allows the partial release to be effective for a predetermined period, after which the lien may be reinstated if necessary. A New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest document typically includes essential details such as: — The names and contact information of the parties involved (lien holder, assignor, and assignee) — A description of the assigned overriding royalty interest subject to the lien — The specific portion or value of the lien being released — The effective date of the partial release — Any conditions or terms associated with the partial release — Signatures of all parties involved, including notarization It is important to consult with a legal professional to properly draft and execute a New Hampshire Partial Release of Lien on Assigned Overriding Royalty Interest, as the specific requirements and legalities may vary. Additionally, ensuring accuracy and completeness of the document is crucial to avoid any disputes or legal complications in the future.