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South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest

State:
Multi-State
Control #:
US-OG-406
Format:
Word; 
Rich Text
Instant download

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 South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that allows for the partial release of a lien placed on an assigned overriding royalty interest in the state of South Carolina. This document is typically used in cases where the original lien holder has agreed to release a portion of the lien, thereby allowing the property owner or assignee to regain some control or ownership rights over the assigned overriding royalty interest. Keywords: South Carolina, Partial Release of Lien, Assigned Overriding Royalty Interest, legal document, lien holder, property owner, assignee, control, ownership rights. There may be different types of South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest, such as: 1. Express Partial Release of Lien: This type of release occurs when the lien holder and the property owner or assignee mutually agree on the specific portion of the lien to be released. The terms and conditions of the release are outlined in the document, ensuring clarity and legal compliance. 2. Conditional Partial Release of Lien: In certain cases, a lien holder may agree to partially release the lien on an assigned overriding royalty interest subject to specific conditions. These conditions could include the payment of a certain amount or the completion of specific obligations by the property owner or assignee. 3. Time-bound Partial Release of Lien: Sometimes, a South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest may be temporary or time-bound. This type of release allows the property owner or assignee to regain partial control or ownership rights for a specific period, after which the lien is reinstated unless further arrangements are made. 4. Partial Release of Lien with Reserved Rights: This type of release enables the lien holder to retain certain rights or interests in the assigned overriding royalty interest, even after the partial release of the lien. These reserved rights can be defined in the document, ensuring clarity and delineating the boundaries of the property owner or assignee's restored control or ownership. A South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest serves as a legal tool to modify the terms of a lien on an assigned overriding royalty interest, allowing for partial restoration of control or ownership rights for the property owner or assignee. It is important to consult with legal professionals to ensure compliance with South Carolina laws and to accurately draft and execute the document.

A South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that allows for the partial release of a lien placed on an assigned overriding royalty interest in the state of South Carolina. This document is typically used in cases where the original lien holder has agreed to release a portion of the lien, thereby allowing the property owner or assignee to regain some control or ownership rights over the assigned overriding royalty interest. Keywords: South Carolina, Partial Release of Lien, Assigned Overriding Royalty Interest, legal document, lien holder, property owner, assignee, control, ownership rights. There may be different types of South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest, such as: 1. Express Partial Release of Lien: This type of release occurs when the lien holder and the property owner or assignee mutually agree on the specific portion of the lien to be released. The terms and conditions of the release are outlined in the document, ensuring clarity and legal compliance. 2. Conditional Partial Release of Lien: In certain cases, a lien holder may agree to partially release the lien on an assigned overriding royalty interest subject to specific conditions. These conditions could include the payment of a certain amount or the completion of specific obligations by the property owner or assignee. 3. Time-bound Partial Release of Lien: Sometimes, a South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest may be temporary or time-bound. This type of release allows the property owner or assignee to regain partial control or ownership rights for a specific period, after which the lien is reinstated unless further arrangements are made. 4. Partial Release of Lien with Reserved Rights: This type of release enables the lien holder to retain certain rights or interests in the assigned overriding royalty interest, even after the partial release of the lien. These reserved rights can be defined in the document, ensuring clarity and delineating the boundaries of the property owner or assignee's restored control or ownership. A South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest serves as a legal tool to modify the terms of a lien on an assigned overriding royalty interest, allowing for partial restoration of control or ownership rights for the property owner or assignee. It is important to consult with legal professionals to ensure compliance with South Carolina laws and to accurately draft and execute the document.

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South Carolina Partial Release of Lien on Assigned Overriding Royalty Interest