Colorado Subordination Agreement With Release of Lien As to Leasehold Estate

• Category: Oil Gas and Minerals - Subordination
• State: Multi-State
• Control #: US-OG-410
• Format: Word; Rich Text

Description

This form is used when Lienholder subordinates all liens created by the (Mortgage/Deed of Trust) to the Lease and releases the leasehold estate created by the Lease from all liens created by the (Mortgage/Deed of Trust) and all extensions and renewals of the liens. Lienholder does not waive or release any of its rights under the (Mortgage/Deed of Trust) on or against any royalty interest reserved by the Lessor.

A Colorado Subordination Agreement with Release of Lien as to Leasehold Estate is a legal document that establishes the priority of liens and encumbrances on a leasehold estate in Colorado. It allows for the subordination of a lien or encumbrance on a leasehold estate to another lien or encumbrance, thereby altering the order of priority. In Colorado, there are two main types of Subordination Agreements with Release of Lien as to Leasehold Estate: 1. General Subordination Agreement: This type of agreement is used when there are multiple liens or encumbrances on a leasehold estate, and the parties agree to alter the order of priority. By signing this agreement, the holder of a prior lien agrees to subordinate their lien to a subsequent lien, giving the subsequent lien priority over the leasehold estate. 2. Specific Subordination Agreement: This agreement is used when there is a specific lien or encumbrance that needs to be subordinated to a subsequent lien. It is typically utilized when the parties want to prioritize a specific lien over the leasehold estate. Keywords: Colorado, Subordination Agreement, Release of Lien, Leasehold Estate, priority of liens, encumbrances, subordination, order of priority, general subordination agreement, specific subordination agreement.