Fill and Sign the Five 5 Individuals to Five 5 Form

© 2016 - U.S. Legal Forms, Inc. NORTH CAROLINA GENERAL WARRANTY DEED[Five (5) Individuals to Five (5) Individuals] Control Number: NC-027-78 I. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand.It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY:A.In the State of North Carolina, real property can be held by more than one person (concurrent estates) in the following ways:1. If the Grantees ARE NOT married to each other, they can hold the property as:a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate.2. If the Grantees ARE married to each other, they can hold the property as:a. Tenants in Common – See aboveb. Joint Tenants with the Right of Survivorship – See above c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate.3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety.B. For additional information on the above see the definitions at:http://lawdigest.uslegal.com/C.For example: “. . . as joint tenants with the right of survivorship , . . .”III. DISCLAIMERThese materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the state of North Carolina. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney.THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. General Warranty Deed Page 1 of 5 GENERAL WARRANTY DEED (Five Individuals to Five Individuals) Mail after recording to: This instrument was prepared by: Brief description for the Index: _____________________________________________________________________________________THIS DEED made this the day of , 20 by and betweenGRANTORS: Street Address: City, State, Zip: Street Address: City, State, Zip: Street Address: City, State, Zip: Street Address: City, State, Zip: Street Address: City, State, Zip: GRANTEES: Street Address: City, State, Zip: General Warranty Deed Page 2 of 5 Street Address: City, State, Zip: Street Address: City, State, Zip: Street Address: City, State, Zip: Street Address: City, State, Zip: WITNESSETH, that the Grantors for a valuable consideration paid by the Grantees, the receipt of which is hereby acknowledged, has and by these presents does grant, bargain, sell and convey unto the Grantees in fee simple, as , that certain lot orparcel of land situated in the City of , Township, County, North Carolina, and more particularly described as follows: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: The property hereinabove described was acquired by Grantors by instrument recorded in ____________ , . A map showing the above-described property is recorded in Map Book at Page .TO HAVE AND TO HOLD the aforesaid lot or parcel of land and all privileges and appurtenances thereto belonging to the Grantees in fee simple. And the Grantors covenant with the Grantees, that Grantors are seized of the premises in fee simple, have the right to convey the same in fee simple, that title is marketable and free and clear of all encumbrances, and that Grantors will warrant and defend the title against the lawful claims of all persons whomsoever, except for the exceptions stated. General Warranty Deed Page 3 of 5EXCEPTIONS: Title to the property hereinabove described is subject to the following exceptions: IN WITNESS WHEREOF, the Grantors have each executed the above instrument on the day and year set forth below. Signature of First Grantor Type or Print Name SEAL-STAMP NORTH CAROLINA, COUNTY.I, a Notary Public of the County and State aforesaid, certify that ,Grantor, personally appeared before me this day and acknowledged the execution of the foregoing instrument.Witness my hand and official stamp or seal, this the ______ day of ,20 . Notary Public My Commission Expires: Signature of Second Grantor Type or Print Name SEAL-STAMP NORTH CAROLINA, COUNTY.I, a Notary Public of the County and State aforesaid, certify that ,Grantor, personally appeared before me this day and acknowledged the execution of the foregoing instrument.Witness my hand and official stamp or seal, this the ______ day of ,20 . Notary Public My Commission Expires: General Warranty Deed Page 4 of 5 Signature of Third Grantor Type or Print Name SEAL-STAMP NORTH CAROLINA, COUNTY.I, a Notary Public of the County and State aforesaid, certify that ,Grantor, personally appeared before me this day and acknowledged the execution of the foregoing instrument.Witness my hand and official stamp or seal, this the ______ day of ,20 . Notary Public My Commission Expires: Signature of Fourth Grantor Type or Print Name SEAL-STAMP NORTH CAROLINA, COUNTY.I, a Notary Public of the County and State aforesaid, certify that ,Grantor, personally appeared before me this day and acknowledged the execution of the foregoing instrument.Witness my hand and official stamp or seal, this the ______ day of ,20 . Notary Public My Commission Expires: General Warranty Deed Page 5 of 5 Signature of Fifth Grantor Type or Print Name SEAL-STAMP NORTH CAROLINA, COUNTY.I, a Notary Public of the County and State aforesaid, certify that ,Grantor, personally appeared before me this day and acknowledged the execution of the foregoing instrument.Witness my hand and official stamp or seal, this the ______ day of ,20 . Notary Public My Commission Expires: General Warranty Deed Exhibit A EXHIBIT A Grantor: Grantees: Legal Description: