Grantor Warranty Deed

 Subordination of Vendor's Lien Retained by Grantor in Warranty Deed
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State:
Multi-State
Control #:
US-OG-138
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Available formats: Word | Rich Text

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Description grantor warranty

If a person has purchased land, and the grantor in the deed reserves a vendors lien, that lien is superior to any subsequent grants by the owner of the land, including any oil and gas lease entered into at a later date. This form provides for the lien holder to subordinate a retained vendor's lien to an oi land gas lease on the lands that are the subject of the vendor's lien.

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