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WARRANTY DEED AGREEMENT
WARRANTY DEED
TO TRUSTEE UNDER LAND TRUST ____________
THIS
WARRANTY DEED made this _____ day of
__________, 20___, by
____________________, hereinafter
called “Grantor”, to _____________________, as
Trustee under that certain land
trust dated ______________, 20____, and numbered _______, (hereinafter referred
to as “Trustee”) with full power and authority to protect, conserve and to sell,
or to lease or to encumber, or to otherwise manage and dispose of the property
hereinafter described and whose Post Office address is:
_____________________________________________________________________
W I T N E S S E T H:
That the Grantor, for and in
consideration of the sum of Ten and No/100 ($10.00) Dollars and other good and
valuable consideration, receipt of which is hereby acknowledged, hereby grants,
bargains, sells, aliens, remises, releases, conveys and confirms unto Trustee,
all that certain land situate in _____________ County, (NAME OF STATE), to
____________________________________________________
This conveyance is subject to:
1. Taxes and Assessments for the
year 20___ and subsequent years.
2. Zoning and other governmental
regulations.
TO HAVE AND TO HOLD the above
described real estate in fee simple with the appurtenances upon the trust and
for the purposes set forth in this Deed and in the Land Trust No. ______, dated
_______________, 20_____ (Trust Agreement).
Full power and authority is
hereby granted to said Trustee to improve, subdivide, protect, conserve, sell,
lease, encumber and otherwise manage and dispose of said property or any part
thereof, to dedicate parks, streets, highways or alleys and to vacate any
subdivision or part thereof, and to re-subdivide said property as often as
desired, to contract to sell, to grant options to purchase, to sell on any
terms, to convey either with or without consideration, to convey said property
or any part thereof to a successor or successors in trust and to grant to such
successor or successors in trust all of the title, estate, powers and
authorities vested in said trustee, to donate, to dedicate, to mortgage, pledge
or otherwise encumber said property, or any part thereof, to lease said
property, or any part thereof, from time to time, in possession or reversion, by
leases to commence in present or future, and upon any terms and for any period
or periods of time, not exceeding in the case of any single demise the term of
99 years, and to renew or extend leases upon any terms and for any period or
periods of time and to amend, change or modify leases and the terms and
provisions thereof at any time or times hereafter, to contract to make leases
and to grant options to lease and options to renew leases and options to
purchase the whole or in any part of the reversion and to contract respecting
the manner of fixing the amount of present or future rentals, to partition or to
exchange said property, or any part thereof, for other real or personal
property, to submit said property or any part thereof to condominium, to place
restrictions on the property or any part thereof, to grant easements or charges
of any kind, to release, convey or assign any right, title or interest in or
about or easement appurtenant to said premises or any part thereof and to deal
with said property and every part thereof in all other ways, and for such other
considerations as it would be lawful for any person owning the same to deal with
the same, whether similar to or different from the ways above specified, at any
time or times hereafter.
In no case shall any party
dealing with the Trustee in relation to the real estate or to whom the real
estate or any part of it shall be conveyed, contracted to be sold, leased or
mortgaged by Trustee, be obliged to see to the application of any purchase
money, rent or money borrowed or advanced on the premises, or be obliged to see
that the terms of this
trust have been complied with, or
be obliged to inquire into the necessity or expediency of any act of the
Trustee, or be obliged or privileged to inquire into any of the terms of the
Trust Agreement or Declaration of Trust or the identification or status of any
named or unnamed beneficiaries, or their heirs or assigns to whom the Trustee
may be accountable; and every deed, trust deed, mortgage, lease or other
instrument executed by Trustee in relation to the real estate shall be
conclusive evidence in favor of every person relying upon or claiming under any
such conveyance, lease or other instrument (a) that at the time of its delivery
the trust created by this Indenture and by the Trust Agreement and Declaration
of Trust was in full force and effect, (b) that the conveyance or other
instrument was executed in accordance with the trusts, conditions and
limitations contained in this Indenture and in the Trust Agreement and
Declaration of Trust and is binding upon all beneficiaries under those
instruments, (c) that Trustee was duly authorized and empowered to execute and
deliver every such deed, trust deed, lease, mortgage or other instrument and (d)
if the conveyance is made to a successor or successors in trust, that the
successor or successors in trust have been appointed properly and vested fully
with all the title, estate, rights, powers, duties and obligations of the
predecessor in trust. If there are co-trustees, it is specifically understood
that the signature of only one of the Co-Trustees shall be required to
accomplish the foregoing.
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Instantly
