Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Harris
• 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 Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is a legally binding document that releases a portion of a lien on an assigned overriding royalty interest in Harris County, Texas. This document is commonly used in the oil and gas industry, where overriding royalty interests are assigned to third parties. The Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is typically used when the lien holder agrees to release a specific portion of the lien, while still retaining a lien on the remaining portion of the assigned overriding royalty interest. This allows the assignor to free up some interest from the previous lien, while still maintaining some security for the lien holder. Keywords for this topic: Harris Texas, Partial Release of Lien, Assigned Overriding Royalty Interest, Harris County, Texas, oil and gas industry, lien holder, assignor, security. Different types of Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest may include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest — Percentage Release: This type of release specifies the percentage of the assigned overriding royalty interest that will be released from the lien. For example, if the lien holder agrees to release 50% of the assigned overriding royalty interest, this type of release document would be used. 2. Partial Release of Lien on Assigned Overriding Royalty Interest — Specific Parcel Release: In this type of release, the lien holder agrees to release the lien on a specific parcel or portion of the assigned overriding royalty interest. This allows the assignor to retain ownership or lien-free status on certain identified portions, while still being subject to the lien on the remaining parcels. 3. Partial Release of Lien on Assigned Overriding Royalty Interest — Time-Based Release: Sometimes, liesoldererer may agree to release the lien on the assigned overriding royalty interest for a specific period. This could be a temporary release of lien for a predetermined period, after which the lien may be reinstated. It is important to consult with legal experts or professionals familiar with the specific laws and regulations in Harris County, Texas, to ensure that the Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is executed accurately and in compliance with local requirements.

A Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is a legally binding document that releases a portion of a lien on an assigned overriding royalty interest in Harris County, Texas. This document is commonly used in the oil and gas industry, where overriding royalty interests are assigned to third parties. The Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is typically used when the lien holder agrees to release a specific portion of the lien, while still retaining a lien on the remaining portion of the assigned overriding royalty interest. This allows the assignor to free up some interest from the previous lien, while still maintaining some security for the lien holder. Keywords for this topic: Harris Texas, Partial Release of Lien, Assigned Overriding Royalty Interest, Harris County, Texas, oil and gas industry, lien holder, assignor, security. Different types of Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest may include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest — Percentage Release: This type of release specifies the percentage of the assigned overriding royalty interest that will be released from the lien. For example, if the lien holder agrees to release 50% of the assigned overriding royalty interest, this type of release document would be used. 2. Partial Release of Lien on Assigned Overriding Royalty Interest — Specific Parcel Release: In this type of release, the lien holder agrees to release the lien on a specific parcel or portion of the assigned overriding royalty interest. This allows the assignor to retain ownership or lien-free status on certain identified portions, while still being subject to the lien on the remaining parcels. 3. Partial Release of Lien on Assigned Overriding Royalty Interest — Time-Based Release: Sometimes, liesoldererer may agree to release the lien on the assigned overriding royalty interest for a specific period. This could be a temporary release of lien for a predetermined period, after which the lien may be reinstated. It is important to consult with legal experts or professionals familiar with the specific laws and regulations in Harris County, Texas, to ensure that the Harris Texas Partial Release of Lien on Assigned Overriding Royalty Interest is executed accurately and in compliance with local requirements.