Wyoming 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 Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that allows for the liberation of a portion of the lien on an overriding royalty interest in the state of Wyoming. It is used when there is a need to release only a portion of the lien while keeping the remaining lien intact. Keywords: Wyoming, Partial Release, Lien, Assigned Overriding Royalty Interest. There are various types of Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest, depending on the specific circumstances and requirements. The two commonly encountered types are: 1. Specific Percentage Partial Release: This type of release allows for the partial release of a specific percentage of the lien on the assigned overriding royalty interest. It ensures that a predetermined portion of the lien is released while the remaining percentage remains secured. 2. Dollar Amount Partial Release: With this type of release, a specific dollar amount is designated to be released from the lien on the assigned overriding royalty interest. It offers the flexibility to determine the exact amount to be released, ensuring that the remaining lien amount is preserved. In both cases, the Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest is a crucial legal document that protects the rights and interests of parties involved in the transaction while allowing for the partial liberation of the assigned overriding royalty interest from the lien. It is important to note that the exact terms and conditions of the release, including the specific percentage or dollar amount, must be clearly stated within the document to ensure compliance and avoid any potential disputes in the future. Anyone involved in a Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest should consult a legal professional or an attorney with expertise in real estate or oil and gas transactions to ensure the proper drafting and execution of the document, as well as to obtain guidance on the specific requirements and implications of the specific release.

A Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that allows for the liberation of a portion of the lien on an overriding royalty interest in the state of Wyoming. It is used when there is a need to release only a portion of the lien while keeping the remaining lien intact. Keywords: Wyoming, Partial Release, Lien, Assigned Overriding Royalty Interest. There are various types of Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest, depending on the specific circumstances and requirements. The two commonly encountered types are: 1. Specific Percentage Partial Release: This type of release allows for the partial release of a specific percentage of the lien on the assigned overriding royalty interest. It ensures that a predetermined portion of the lien is released while the remaining percentage remains secured. 2. Dollar Amount Partial Release: With this type of release, a specific dollar amount is designated to be released from the lien on the assigned overriding royalty interest. It offers the flexibility to determine the exact amount to be released, ensuring that the remaining lien amount is preserved. In both cases, the Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest is a crucial legal document that protects the rights and interests of parties involved in the transaction while allowing for the partial liberation of the assigned overriding royalty interest from the lien. It is important to note that the exact terms and conditions of the release, including the specific percentage or dollar amount, must be clearly stated within the document to ensure compliance and avoid any potential disputes in the future. Anyone involved in a Wyoming Partial Release of Lien on Assigned Overriding Royalty Interest should consult a legal professional or an attorney with expertise in real estate or oil and gas transactions to ensure the proper drafting and execution of the document, as well as to obtain guidance on the specific requirements and implications of the specific release.