HomeMy WebLinkAbout890504.tiff B 1232 RED' 02179307 05/11/89 08 :59 $6 . 00 1/002
F 0219 M I ANN FEUERSTEIN CLERK & } ORDER WELD CO, CO
ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
AR2179307 _
For TEN DOLLARS ($10.00) and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, Walsh Production, Inc. ,
(herein called "Assignor") , P.O. Box 30, Sterling, Colorado 80751, does hereby convey,
transfer, assign, and set over unto James B. McNay and Nancy L. McNay, in joint
tenancy 208 Delmar, Sterling, Colorado 80751, (herein called "Assignees") an undivided
One Percent (1%) of all oil, gas, casinghead gas and other hydrocarbon substances
produced, saved and marketed from the lands described on Exhibit "A" attached hereto
and made a part hereof, under the provisions of the leases described on Exhibit
"A", as an overriding royalty, free and clear of all cost and expense of development
and operation thereof, excepting taxes applicable to said overriding royalty interest
and the production therefrom.
To have and to hold the interest herein transferred and assigned unto Assignees,
their heirs, devisees, personal representatives, successors and assign, forever,
subject only to the following terms and provisions: that
A. The overriding royalty interest herein transferred as payable out of
and only out of the oil and gas produced, saved and marketed, pursuant to the terms
and provisions of the applicable lease(s) as described on Exhibit "A".
B. The overriding royalty interest herein provided for shall not, in any
event, be paid or accrued upon any oil, gas, casinghead gas and other hydrocarbon
substances used for operating, development or production purposes upon the said
described lands or unavoidably lost; and no overriding royalty shall be paid upon
gas used for repressuring or recycling operations benefitting said lands.
C. This assignment of overriding royalty is made without warranty of title,
either express or implied.
D. If Assignor's interest in the oil and gas lease(s) described on Exhibit
"A" is less than the entire interest, or if said oil and gas lease(s) cover less
than the entire fee title, then the above overriding royalty interest shall be reduced
proportionately.
E. The overriding royalty interest herein assigned shall extend to any
renewal, extension or lease taken in lieu of any lease described on Exhibit "A";
provided, that it shall be conclusively presumed that a lease acquired after the
expiration of 180 days from the termination of the prior lease does not constitute,
„S'e"'the•.,purposes of this instrument, a renewal, extension or lease in lieu of the
egapi t'ate`&. lease.
F a/Lfli ' IV-witness whereof, Assignor has executed and delivered this assignment
oE�bwt.-H. n royalty interest as of. this 4th day of May ,19 89
O -.1,. 6 • Y Y
^�'•.A eo-tj • I C� WY Walsh P d on, I
acknowledgment
STATE OF COLORADO )
COUNTY OF LOGAN ) ss.
On this 4th day of May • . ,19 89 , before me personally appeared
Frank H. Walsh , to me personally known, who, being by me duly sworn,
did say that he is the President of Walsh Production, Inc.
And that the seal affixed to said instrument is the 'corporate seal of said
corporation and that said instrument was signed and sealed in behalf of said corporation
by authority of its Board of Directors, and said Frank H. Walsh acknowledged
said instrument to be free act and deed of said corporation.
Witness my hand and seal this 4th day of May , 19 89
d
Notary Public
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• ,�t� rn �r in
: : address: P.O. Box 30, Sterling. CO 80751
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Ift.Commission expires: Oct. 6, 1992
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