Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Travis
• 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. Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that pertains to the release of a lien on an assigned overriding royalty interest in Travis County, Texas. This document is commonly used in the oil and gas industry to signify the release of a lien on a particular property or interest. Keywords: Travis Texas, Partial Release of Lien, Assigned Overriding Royalty Interest, legal document, Travis County, oil and gas industry, property, interest There are a few different types of Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest, categorized based on the specific circumstances they address: 1. Voluntary Partial Release: This type of release occurs when the owner of the overriding royalty interest willingly releases a portion of the lien on the property. It may be prompted by an agreed-upon payment or resolution of a dispute, allowing the owner to release a partial portion of the lien. 2. Contractual Partial Release: In some cases, parties involved in an overriding royalty interest agreement may include a provision that allows for a partial release of liens. This provision could be triggered by the completion of certain conditions mentioned in the agreement that warrant the release of a portion of the lien. 3. Court-Ordered Partial Release: In certain legal disputes, a court may order a partial release of a lien on an assigned overriding royalty interest. This order could be a result of a settlement agreement reached between the parties involved or a decision made by the court based on the evidence and arguments presented. 4. Partial Release of Lien on Specific Property: This type of release is focused on a specific property or parcel of land rather than a general release. It may be utilized when multiple properties or interests are involved, and the owner seeks to release a lien on a particular property while maintaining it on others. These different types of Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest acknowledge the various circumstances and scenarios that can arise when dealing with liens and overriding royalty interests. It is important to understand the specific type of release being sought to ensure compliance with applicable laws and regulations in Travis County, Texas.

Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that pertains to the release of a lien on an assigned overriding royalty interest in Travis County, Texas. This document is commonly used in the oil and gas industry to signify the release of a lien on a particular property or interest. Keywords: Travis Texas, Partial Release of Lien, Assigned Overriding Royalty Interest, legal document, Travis County, oil and gas industry, property, interest There are a few different types of Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest, categorized based on the specific circumstances they address: 1. Voluntary Partial Release: This type of release occurs when the owner of the overriding royalty interest willingly releases a portion of the lien on the property. It may be prompted by an agreed-upon payment or resolution of a dispute, allowing the owner to release a partial portion of the lien. 2. Contractual Partial Release: In some cases, parties involved in an overriding royalty interest agreement may include a provision that allows for a partial release of liens. This provision could be triggered by the completion of certain conditions mentioned in the agreement that warrant the release of a portion of the lien. 3. Court-Ordered Partial Release: In certain legal disputes, a court may order a partial release of a lien on an assigned overriding royalty interest. This order could be a result of a settlement agreement reached between the parties involved or a decision made by the court based on the evidence and arguments presented. 4. Partial Release of Lien on Specific Property: This type of release is focused on a specific property or parcel of land rather than a general release. It may be utilized when multiple properties or interests are involved, and the owner seeks to release a lien on a particular property while maintaining it on others. These different types of Travis Texas Partial Release of Lien on Assigned Overriding Royalty Interest acknowledge the various circumstances and scenarios that can arise when dealing with liens and overriding royalty interests. It is important to understand the specific type of release being sought to ensure compliance with applicable laws and regulations in Travis County, Texas.