# Question on documents that were filed regarding our minerals

**URL:** https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019
**Category:** Mountrail County, ND
**Created:** [August 27, 2013, 5:11am UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019 "2013-08-27T05:11:19Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![thelmarule](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/9f8e36/32.png) [@thelmarule](https://www.mineralrightsforum.com/u/thelmarule)
#### Post date: [August 27, 2013, 5:11am UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019/1 "2013-08-27T05:11:19Z")

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Can someone explain to me what the following documents mean.

It is a Mortgage Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement, Financial Statement. (all one document)

Recorded June 20, 2013 with a Maturity date June 2014

Then the same day there was a Second Mortage filed with a Maturity date of December 2014.

The first document is for $120,000,000. And the Second Mortgage is for 20,000,000.

I have not printed the documents to read the whole thing, plus I wouldn't understand most of it anyway.

So any ideas would be appreciated. It includes 4 different legals.

152-93-22

156-90-21

156-91-13

157-91-6

Thank you,

Sandy

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### Author: ![Enrique\_Ordonez](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/enrique_ordonez/32/2048_2.png) [@Enrique\_Ordonez](https://www.mineralrightsforum.com/u/Enrique_Ordonez)
#### Post date: [August 30, 2013, 1:35pm UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019/2 "2013-08-30T13:35:22Z")

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Sandy, it sounds that you would benefit by consulting with a lawyer. We were very successful working with Patrick Donovan.

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### Author: ![r\_w\_kennedy](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/3ec8ea/32.png) [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [August 30, 2013, 2:44pm UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019/3 "2013-08-30T14:44:04Z")

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152-93-22 has 1 well

156-90-21 has 1 well

156-91-13 has 1 well

157-91-6 has no well

It's just a development loan from the bank and the Bank thinks there is more than $140,000,000 worth of oil under those 2560 [approximately] acres, more than $54,000 per acre. Go figure

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### Author: ![thelmarule](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/9f8e36/32.png) [@thelmarule](https://www.mineralrightsforum.com/u/thelmarule)
#### Post date: [August 31, 2013, 2:52am UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019/4 "2013-08-31T02:52:17Z")

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Thanks Robert

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 1:18am UTC](https://www.mineralrightsforum.com/t/question-on-documents-that-were-filed-regarding-our-minerals/13019/5 "2018-08-15T01:18:44Z")

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