Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Middlesex
• 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. Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that plays a crucial role in the real estate industry, protecting the rights and interests of parties involved in a property transaction. This type of release is commonly used in Middlesex County, located in Massachusetts, USA. A partial release of lien occurs when a lien holder agrees to release, remove, or partially discharge a specific portion of their claim or interest in a property. In this case, the release pertains specifically to an assigned overriding royalty interest, which refers to the right to receive a portion of the profits generated from the extractive operations on the assigned property. When a party assigns their overriding royalty interest to another party, they may create a lien on the assigned interest to secure payment or performance obligations. However, when a portion of the lien needs to be released, a Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest is employed. This document outlines the specifics of the release, including the parties involved, the property details, and the percentage or amount being released. It also includes provisions to ensure the partial release is valid and enforceable under Massachusetts law. Different types of Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest may be categorized based on the nature of the assigned overriding royalty interest. For instance, there may be releases related to mineral extraction rights, oil and gas leases, or renewable energy projects. Each type of release will have its own unique guidelines and provisions in accordance with the specific interest being assigned. Keywords: Middlesex Massachusetts, Partial Release of Lien, Assigned Overriding Royalty Interest, real estate, property transaction, Middlesex County, Massachusetts, legal document, lien holder, assigned overriding royalty interest, extractive operations, property details, percentage, Massachusetts law, mineral extraction rights, oil and gas leases, renewable energy projects.

Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that plays a crucial role in the real estate industry, protecting the rights and interests of parties involved in a property transaction. This type of release is commonly used in Middlesex County, located in Massachusetts, USA. A partial release of lien occurs when a lien holder agrees to release, remove, or partially discharge a specific portion of their claim or interest in a property. In this case, the release pertains specifically to an assigned overriding royalty interest, which refers to the right to receive a portion of the profits generated from the extractive operations on the assigned property. When a party assigns their overriding royalty interest to another party, they may create a lien on the assigned interest to secure payment or performance obligations. However, when a portion of the lien needs to be released, a Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest is employed. This document outlines the specifics of the release, including the parties involved, the property details, and the percentage or amount being released. It also includes provisions to ensure the partial release is valid and enforceable under Massachusetts law. Different types of Middlesex Massachusetts Partial Release of Lien on Assigned Overriding Royalty Interest may be categorized based on the nature of the assigned overriding royalty interest. For instance, there may be releases related to mineral extraction rights, oil and gas leases, or renewable energy projects. Each type of release will have its own unique guidelines and provisions in accordance with the specific interest being assigned. Keywords: Middlesex Massachusetts, Partial Release of Lien, Assigned Overriding Royalty Interest, real estate, property transaction, Middlesex County, Massachusetts, legal document, lien holder, assigned overriding royalty interest, extractive operations, property details, percentage, Massachusetts law, mineral extraction rights, oil and gas leases, renewable energy projects.