4.011 Ratification of Lease By Stranger To Title

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Requirement  4.011

Ratification of Lease By Stranger To Title

 

 Ratification of Lease By Stranger To Title:  The Abstract shows that record title to Tract 1 is held by Sam Houston.  By instrument dated September 14, 2009,  and recorded in Real Property Book 2009, page 151, Margaret Moffette Lea Houston  ratified Lease 1.  The Abstract does not show that Margaret Moffette Lea Houston owns any interest in Tract 1.

 Requirement:  Furnish proof that Margaret Moffette Lea Houston owns an interest in Tract 1 prior to paying any royalties due the lessors of Lease 1.  Alternatively, obtain duly executed division orders from Sam Houston and Margaret Moffette Lea Houston directing how you are to pay royalties due the lessors of Lease 1, and pay according to those written instructions for so long as the division order is in effect.

Copyright 2011 by Edward G, Hawkins. All rights reserved.