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Fill and Sign the Deed of Trust Assignment of Leases and Rents Security Form

Fill and Sign the Deed of Trust Assignment of Leases and Rents Security Form

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STIPULATION AND ASSIGNMENT(By Trustee) State: County: Trustee: (Name and Address) Owners: (Names and Addresses) Effective Date: By Assignment (the "Assignment") dated ____, (Name of Assignor) assigned to Trustee, named above, an undivided ____ interest in the Oil and Gas Lease (the "Lease") recorded i n Volume ____, page ____ of the ____ Records of the county and state named above, insofar as the Lease covers the following lands: (Description of Lands contained in Assignment to Trustee) Trustee was the assignee of this interest in the Lease for the benefit of (himself/he rself) and others. It is now the desire of Trustee, and the parties for whom Trustee holds beneficial title, to establish and declare, of record, their ownership interests in the Lease. For adequate consideration and with this instrument being deemed to contain adequate words of grant necessary to assign the interest to the Owners, both as to beneficial and le gal ownership, the parties to this Stipulation stipulate, agree, and declare that the undi vided interest in the Lease assigned to Trustee in the Assignment, described above, is owned by each of t hem in the following manner, with each Owner owning the interest set opposite (his/her) name: Name of Owners Interest of Each Owner Trustee grants, sells, and conveys to each party named above the undivided interest set opposite each party's name. This assignment includes an Assignment from Trustee to (himself/herself), in (his/her) individual capacity. After delivery of this Assignment, Trustee shall no longer own any interest in the Lease in the capacity as Trustee. This Stipulation is signed by Trustee and Owners as of the dates of acknowledgment of their signatures below, but is deemed effective for all purposes as of the Effective Dat e stated above. Trustee Owner Owner Owner

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