Lienholder’s Subordination to Oil, Gas, and Mineral Lease
Basic Information
Date:
Lienholder:
Deed of Trust
Date:
Grantor:
Beneficiary:
Property:
Recording information:
Lease
Date:
Lessor:
Lessee:
Recording information:
Clauses and Covenants
The property described in the Lease includes [all/part] of the Property encumbered by the Deed of Trust. For value received, Lienholder, owner of the Deed of Trust lien, subordinates the lien to the Lease and ratifies the Lease.
If the Deed of Trust lien is foreclosed, the sale of the Property will not affect the Lease if the Lease is maintained according to its terms.
[Name of lienholder]
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Include acknowledgment. |