The Lima Arizona Royalty Deed with Limited Warranty is a legally binding document that assigns ownership or royalty rights to a specific piece of property. This deed serves as an equitable transfer of these rights, providing limited warranty protection to the grantee or purchaser. Lima, Arizona is a location where such deeds are commonly used to secure ownership or royalty rights in various industries such as oil, gas, mining, or real estate. The Limited Warranty aspect of this deed guarantees that the granter or seller holds good title to the property and has the right to transfer the ownership or royalty rights. It also assures that the property is free from any encumbrances, except those specifically noted in the deed. However, it does not fully guarantee against any potential claims against the property before the granter's ownership. Different types of Lima Arizona Royalty Deed with Limited Warranty may include: 1. Oil and Gas Royalty Deed with Limited Warranty: This specific type of deed is used when transferring ownership or royalty rights related to oil and gas production. It ensures that the rights being transferred are free from any encumbrances, except those mentioned in the deed regarding existing leases or agreements. 2. Mining Royalty Deed with Limited Warranty: This type of deed is utilized for the transfer of ownership or royalty rights related to mining activities, such as the extraction of minerals, ores, or precious metals. It guarantees that the granter has the right to transfer these rights, and there are no undisclosed claims or restrictions. 3. Real Estate Royalty Deed with Limited Warranty: This variant of the deed is commonly used in real estate transactions where ownership or royalty rights are being transferred. It ensures that the property being conveyed is free from undisclosed liens or encumbrances, except for those explicitly stated in the deed. These are just a few examples of the various types of Lima Arizona Royalty Deed with Limited Warranty that may exist, as the specific terms and conditions can vary depending on the nature of the property being transferred. It is essential to consult with legal professionals or experts knowledgeable in the specific industry to ensure a comprehensive understanding of the terms outlined in the deed for any individual case.