This form is a Special Warranty Deed where the Grantor is a Trust with two Trustees and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Broken Arrow Oklahoma Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual is a legal document that transfers ownership of mineral rights in a property located in Broken Arrow, Oklahoma, from a trust with two trustees to an individual. This specific type of mineral deed ensures that the granter, in this case the trust with two trustees, guarantees the title to the minerals, but only from the time of their ownership. The main purpose of this special warranty deed is to protect the grantee, the individual who is acquiring the mineral rights, from any potential claims or defects in the title that may have arisen during the time of the trust's ownership. However, it is important for the grantee to conduct thorough due diligence and title research before accepting this deed to ensure the validity and quality of the mineral rights being transferred. It is worth mentioning that there may be different variations or amendments to the Broken Arrow Oklahoma Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual, such as: 1. Broken Arrow Oklahoma Special Warranty Mineral Deed with Reservation: This type of deed grants the mineral rights to the individual while also reserving certain rights for the trust, such as the right to enter the property for exploration or extraction. 2. Broken Arrow Oklahoma Special Warranty Mineral Deed without Reservation: In contrast to the previous type, this variation doesn't include any reservations, and the individual receiving the mineral rights gains full and unrestricted ownership without any future claims from the trust. 3. Broken Arrow Oklahoma Special Warranty Mineral Deed with Surface Rights: This version of the deed not only transfers the mineral rights but also includes the surface rights to the individual, allowing them to have control over the surface of the property as well. It is important for both parties involved in the transaction to review and understand the specific terms and conditions outlined in the deed, as they may vary depending on the circumstances and intentions of the granter and grantee. Seeking legal advice from a qualified attorney experienced in property transactions can be highly beneficial to ensure a smooth and legally sound transfer of mineral rights.
