US Legal Forms
Localized Forms
Washington
King
Subordination Agreement by Lienholder to Oil and Gas Lease

King Washington Subordination Agreement by Lienholder to Oil and Gas Lease

Name: King Washington Subordination Agreement by Lienholder to Oil and Gas Lease
Brand: US Legal Forms
Rating: 4.56 (387 reviews)

Category:

Oil Gas and Minerals - Subordination

State:

Multi-State

County:

King

Control #:

US-OG-564

Format:

Instant download

Description

This is a form of a Subordination Agreement (by Lienholder to Oil and Gas Lease).

View Harris Affidavit of Character Reference in Connection with Gun or Pistol License Investigation of Applicant

View this form

View Harris Affidavit in of Good Character in Connection with Petition for a Name Change

View this form

View Harris Representation Agreement between Agent and Professional Rodeo Cowboy regarding Procurement by Agent of Endorsements and Paid Appearances for Cowboy

View this form

View Harris Affidavit or Proof of No Income - Unemployed - Assets and Liabilities

View this form

View Harris Agreement to Train and Race Thoroughbred Racehorses

View this form

How to fill out King Washington Subordination Agreement By Lienholder To Oil And Gas Lease?

Creating documents, like King Subordination Agreement by Lienholder to Oil and Gas Lease, to manage your legal affairs is a tough and time-consumming task. Many circumstances require an attorney’s participation, which also makes this task not really affordable. Nevertheless, you can acquire your legal matters into your own hands and manage them yourself. US Legal Forms is here to the rescue. Our website features over 85,000 legal documents crafted for different scenarios and life situations. We make sure each document is in adherence with the regulations of each state, so you don’t have to be concerned about potential legal issues associated with compliance.

If you're already familiar with our website and have a subscription with US, you know how straightforward it is to get the King Subordination Agreement by Lienholder to Oil and Gas Lease template. Simply log in to your account, download the form, and personalize it to your needs. Have you lost your document? Don’t worry. You can find it in the My Forms tab in your account - on desktop or mobile.

The onboarding flow of new users is fairly easy! Here’s what you need to do before getting King Subordination Agreement by Lienholder to Oil and Gas Lease:

Make sure that your template is specific to your state/county since the regulations for creating legal paperwork may vary from one state another.
Find out more about the form by previewing it or reading a brief description. If the King Subordination Agreement by Lienholder to Oil and Gas Lease isn’t something you were hoping to find, then use the header to find another one.
Sign in or create an account to begin utilizing our website and get the document.
Everything looks great on your end? Hit the Buy now button and choose the subscription option.
Select the payment gateway and enter your payment information.
Your form is ready to go. You can try and download it.

It’s an easy task to find and purchase the appropriate document with US Legal Forms. Thousands of organizations and individuals are already benefiting from our extensive collection. Subscribe to it now if you want to check what other perks you can get with US Legal Forms!

Form Rating

4.56

Satisfied(387)

Form popularity

FAQ

A Certificate of Subordination under Internal Revenue Code Section 6325(d)(1) and 6325(d)(2) allows a named creditor to move their junior creditor position ahead of the United States' position for the property named in the certificate.

A subordination agreement refers to a legal agreement that prioritizes one debt over another for securing repayments from a borrower. The agreement changes the lien position. A lien is a right allowing one party to possess a property of another party who owns a debt until the debt is dissolved.

The lender of the first mortgage refinancing will now require that a subordination agreement be signed by the second mortgage lender to reposition it in top priority for debt repayment. The priority interests of each creditor are changed by agreement from what they would otherwise have become.

Often, all the information needed will be available from your mortgage lender and the title company. The process usually takes approximately 25 business days.

So, the purpose of a subordination agreement is to adjust the new loan's priority so that in the event of a foreclosure, that lien gets paid off first. In a subordination agreement, a prior lienholder agrees that its lien will be subordinate (junior) to a subsequently recorded lien.

When you take out a mortgage loan, the lender will likely include a subordination clause. Within this clause, the lender essentially states that their lien will take precedence over any other liens placed on the house. A subordination clause serves to protect the lender in case you default.

The signed agreement must be acknowledged by a notary and recorded in the official records of the county to be enforceable.

Members' Subordinated Certificate means a note of the Borrower or its Consolidated Subsidiaries substantially in the form of the membership subordinated subscription certificates and the loan and guarantee subordinated certificates outstanding on the date of the execution and delivery of this Agreement and any other

Subordination agreements are prepared by your lender. The process occurs internally if you only have one lender. When your mortgage and home equity line or loan have different lenders, both financial institutions work together to draft the necessary paperwork.

Despite its technical-sounding name, the subordination agreement has one simple purpose. It assigns your new mortgage to first lien position, making it possible to refinance with a home equity loan or line of credit. Signing your agreement is a positive step forward in your refinancing journey.

Interesting Questions

More info

Lenders of superior debts will have the legal right to full repayment before lenders of subordinated debts receive their repayments. For easier reference, the Title Examination Standards appear in their entirety in the pocket part of V.T.C.A., Property Code, vol. 1.At random dates as accumulated; followed by. (ii) a permanent hardbound edition containing the accumulation of all laws adopted in the legislative session.

208, § 4; P.A. 80-444, § 1, eff. 1-1-80.) 625 ILLS 5/4-206 (625 ILLS 5/4-206) (from Ch. 95 1/2, par. 4-206) Sec. 4-206. Limitation of action — Injunctions. A judgment shall not continue beyond the date of execution, and no remedy or relief, whether in law or equity, shall be acquired during such prolongation of trial. (Source: Laws 1961, p. 576.) 625 ILLS 5/4-207 (625 ILLS 5/4-207) (from Ch. 95 1/2, par. 4-207) Sec. 4-207. Unlawful for the lender to receive money. Except as provided in this Section and Sections 4-204 through 4-208 and Sections 8-101 through 8-103 of this Code, no person shall lend money to a lender and demand either the return of the money or the payment of damages for the lender's breach. (Source: Laws 1961, p. 576.) 625 ILLS 5/4-208 (625 ILLS 5/4-208) (from Ch. 95 1/2, par. 4-208) Sec. 4-208. Unlawful for lender to receive money — Penalty. (a) No lender shall demand payment by way of payment made after a violation of Article VIII of this Code.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

King Washington Subordination Agreement by Lienholder to Oil and Gas Lease

Description

Related forms

How to fill out King Washington Subordination Agreement By Lienholder To Oil And Gas Lease?

Show more info

Form Rating

Form popularity

FAQ

What is a subordination certificate?

How do subordination agreements work?

Is a subordination agreement required?

How long does a subordination agreement take?

Why is a subordination agreement necessary?

What is the purpose of a subordination clause?

Do subordination agreement get recorded?

What are subordinated certificates?

How do I get a subordination agreement?

What does a subordination agreement do?

Interesting Questions

What is a King Subordination Agreement?

Who is the lienholder in a King Subordination Agreement?

What is an oil and gas lease?

Why would a lienholder require a King Subordination Agreement?

What rights does a lienholder have under a King Subordination Agreement?

Can a King Subordination Agreement be modified or terminated?

More info

Trusted and secure by over 3 million people of the world’s leading companies