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Fill and Sign the Subordination of Lien Form

Fill and Sign the Subordination of Lien Form

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SUBORDINATION OF LIEN STATE: COUNTY: _____, referred to as “Lessee,” whose address is _____, is the present owner of all rights, title, and privileges under the Oil, Gas and Mineral Lease (the “Lease”) dat ed _____, executed by _____, as “Lessor,” recorded in Volume _____, Page _____, of the _____, Records of _____ County, _____. Reference is made to the Lease and its record for all purposes. This Lease covers lands in that County and State, described as follows: The undersigned is the legal and equitable owner and holder of certain indebtedness secured by a lien or liens against the lands described above, or a portion of that land, whi ch lien was created and exists by virtue of the following instrument: The undersigned has agreed to subordinate the indebtedness and liens created by the instrument described above, to the Lease, and all rights under it. For adequate consideration, the receipt and sufficiency of which is acknowledged, the undersigned, covenants, consents, and agrees with the Lessee in the Lease, that the describe d indebtedness and liens held by the undersigned are and shall be subject and subordinate to the Lease described above, and all rights and estates granted by the Lease. This agree ment to subordinate the described lien(s) shall extend to and be binding on the heirs, successors, lega l representatives and assigns of the undersigned and Lessee. This agreement and subordination shall in no wise affect or impair the rights of the undersigned or his/her/its heirs, successors, legal representatives or assigns, to hold, foreclose or sell, under the lien or liens, in any manner prescribed by contract or law, all of the lands, hereditaments, and appurtenances and estates in the lands, save and except the ri ghts, titles, estates, and privileges of the Lessee under the described Lease and any extensions of it; and, any renewals or extensions of the lien and any foreclosures or sales of the lands or any part in the lands under the liens shall expressly except and be subject to the Lease and all rights under it. This Subordination of Lien is executed on the date of the acknowledgment below, but is effective, for all purposes, as of _____. LIENHOLDER (Acknowledgment)

Useful tips for preparing your ‘Subordination Of Lien’ online

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Adhere to this comprehensive guide:

  1. Sign in to your account or initiate a complimentary trial with our service.
  2. Click +Create to upload a file from your device, cloud storage, or our form archive.
  3. Open your ‘Subordination Of Lien’ in the editor.
  4. Hit Me (Fill Out Now) to prepare the document on your end.
  5. Add and designate fillable fields for other participants (if necessary).
  6. Proceed with the Send Invite settings to request eSignatures from others.
  7. Download, print your version, or convert it into a reusable template.

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The best way to complete and sign your subordination of lien form

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  • 2.Open the application, tap Create to upload a template, and choose Myself.
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