Orange California Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments is a legal agreement that pertains to the transfer of ownership rights and financial obligations regarding a property in Orange, California. This arrangement involves a mortgage or deed of trust being subordinate to an oil and gas lease, meaning that the lease takes priority over the mortgage or deed of trust in the event of default or foreclosure. In this subordination scenario, the lessor (the owner of the property) is entitled to receive bonus and royalty payments from the lessee (the party leasing the property for oil and gas exploration). These payments are to be made exclusively to the lessor until a notice is given by the lien holder (the entity holding the mortgage or deed of trust) indicating a shift in payment arrangement. There are no specific types of Orange California Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments, but variations of this agreement can occur based on individual circumstances and negotiations between the parties involved. Keywords: Orange California, subordination, mortgage, deed of trust, oil and gas lease, bonus payments, royalty payments, lessor, lessee, lien holder, property transfer, ownership rights, financial obligations, default, foreclosure, legal agreement, priority.
Orange California Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lienholder
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