Pima Arizona Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lienholder

• Category: Oil Gas and Minerals - Subordination
• State: Multi-State
• County: Pima
• Control #: US-OG-142
• Format: Word; Rich Text

Description

This form provides for a lienholder to subordinate its lien, created by a mortgage or deed of trust, to an existing oil and gas lease, and directs the bonus and rental payments provided for in the lease to be delivered to the lessor until notified by the lienholder. Lima, Arizona is a city located in Graham County, encompassing a diverse landscape and attracting attention due to its valuable oil and gas resources. In the real estate market, the concept of a "Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder" plays a significant role. This legal agreement involves the prioritization of the oil and gas lease's financial benefits over the mortgage or deed of trust. Different types of Lima, Arizona Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder may include: 1. Residential Property Subordination: This type refers to the agreement established when a residential property in Lima, Arizona has an existing mortgage or deed of trust. The property owner decides to subjugate the mortgage or deed of trust to an oil and gas lease, ensuring that the bonus and royalty payments go directly to the lessor until the lien holder is notified. 2. Commercial Property Subordination: In the case of commercial properties, such as office buildings, retail spaces, or industrial facilities, a Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder might occur. This agreement allows the lessor to receive the royalty and bonus payments from the oil and gas lease before the lien holder, providing an additional income stream to the property owner. 3. Agricultural Property Subordination: Given the agricultural nature of Lima, Arizona, agricultural properties like farms, ranches, or large plots of land may also witness a Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder. This arrangement ensures that the lessor receives financial benefits until the lien holder is notified, maximizing the property's potential value. 4. Vacant Land Subordination: In some cases, owners of vacant land within Lima, Arizona may choose to subjugate any existing mortgage or deed of trust to an oil and gas lease. By doing so, the lessor gains the advantage of receiving bonus and royalty payments until the lien holder is notified, making the investment in vacant land more lucrative. The Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder is particularly relevant in Lima, Arizona, due to the region's rich oil and gas reserves. Property owners in Lima should carefully consider their options regarding this legal agreement, as it can significantly impact their financial well-being and the value of their real estate investments.

Lima, Arizona is a city located in Graham County, encompassing a diverse landscape and attracting attention due to its valuable oil and gas resources. In the real estate market, the concept of a "Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder" plays a significant role. This legal agreement involves the prioritization of the oil and gas lease's financial benefits over the mortgage or deed of trust. Different types of Lima, Arizona Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder may include: 1. Residential Property Subordination: This type refers to the agreement established when a residential property in Lima, Arizona has an existing mortgage or deed of trust. The property owner decides to subjugate the mortgage or deed of trust to an oil and gas lease, ensuring that the bonus and royalty payments go directly to the lessor until the lien holder is notified. 2. Commercial Property Subordination: In the case of commercial properties, such as office buildings, retail spaces, or industrial facilities, a Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder might occur. This agreement allows the lessor to receive the royalty and bonus payments from the oil and gas lease before the lien holder, providing an additional income stream to the property owner. 3. Agricultural Property Subordination: Given the agricultural nature of Lima, Arizona, agricultural properties like farms, ranches, or large plots of land may also witness a Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder. This arrangement ensures that the lessor receives financial benefits until the lien holder is notified, maximizing the property's potential value. 4. Vacant Land Subordination: In some cases, owners of vacant land within Lima, Arizona may choose to subjugate any existing mortgage or deed of trust to an oil and gas lease. By doing so, the lessor gains the advantage of receiving bonus and royalty payments until the lien holder is notified, making the investment in vacant land more lucrative. The Subordination of Mortgage / Deed of Trust to Oil and Gas Lease with Bonus and Royalty Payments to Go to Lessor Until Notice from Lien holder is particularly relevant in Lima, Arizona, due to the region's rich oil and gas reserves. Property owners in Lima should carefully consider their options regarding this legal agreement, as it can significantly impact their financial well-being and the value of their real estate investments.