This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
The Oregon Correction to Mineral Deed As to Interest Conveyed is a legal document that allows individuals to rectify any errors or omissions made in a previously recorded mineral deed in the state of Oregon. This correction is necessary when there is a need to revise or clarify the extent of the ownership interest in mineral rights that were conveyed. There are different types of Oregon Correction to Mineral Deed As to Interest Conveyed, and they depend on the specific amendments being made to the original mineral deed. These include: 1. Correcting Ownership Interest: This type of correction is necessary when there is an error in the ownership interest conveyed in the original mineral deed. It could involve adjusting the percentage or fraction of ownership rights among multiple parties, updating the names of the owners, or clarifying any misunderstandings regarding the extent of ownership interest. 2. Rectifying Legal Descriptions: Sometimes, errors or inaccuracies occur in the legal descriptions of the mineral rights conveyed in a deed. In such cases, a correction is required to ensure that the description accurately reflects the location, boundaries, and other relevant details of the mineral rights. 3. Supplementing Missing Information: If the original mineral deed omits any critical information, such as the specific mineral rights being conveyed or any conditions associated with the conveyance, a correction is necessary to fill in these gaps and provide a complete and accurate record. 4. Clarifying Ambiguities: In some instances, the language used in the original mineral deed may lead to ambiguities or confusion regarding the interest being conveyed. A correction can be made to clarify these ambiguities and ensure a clear understanding of the transferred mineral rights. 5. Adding or Removing Parties: Another common type of correction is when there is a need to add or remove parties from the original mineral deed. This can occur due to changes in ownership, inheritance, or other legal circumstances. Overall, the Oregon Correction to Mineral Deed As to Interest Conveyed is a crucial legal instrument that enables individuals to correct any mistakes or oversights made in the original mineral deed, ensuring accurate ownership records and preventing any potential disputes or confusion over mineral rights. It plays a significant role in maintaining the integrity of property ownership and facilitating smooth transactions in the Oregon mineral rights market.
