Real Estate Deed Document

REAL ESTATE DEED

This Real Estate Deed (the "Deed") is made this day of , , by and between Grantor Name: whose mailing address is (hereinafter "Grantor"), and Grantee Name: , whose mailing address is (hereinafter "Grantee").

RECITALS

WHEREAS, Grantor is the lawful owner in fee simple of certain real property commonly known as , situated in the County of , State of .

WHEREAS, Grantor desires to convey and vest in Grantee all of Grantor's right, title and interest in and to the Property, subject to the exceptions, reservations and covenants set forth herein.

WHEREAS, Grantee has agreed to accept such conveyance and to assume the obligations and burdens affecting the Property as provided in this Deed.

NOW, THEREFORE, in consideration of the mutual covenants and the sum set forth below, the parties agree as follows:

1. GRANT AND CONVEYANCE

Grantor, for and in consideration of the sum of dollars ($ ), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, does hereby grant, bargain, sell and convey unto Grantee, and Grantee's heirs, successors and assigns forever, all of Grantor's right, title and interest in and to the real property described as follows:

2. HABENDUM

TO HAVE AND TO HOLD the Property, together with all and singular the rights, privileges and appurtenances thereto in anywise belonging, unto Grantee and Grantee's heirs and assigns forever, subject to the matters described in Section 5 (Exceptions and Reservations) and to all covenants, conditions and restrictions of record.

3. COVENANTS AND WARRANTIES

Grantor covenants that Grantor is lawfully seized of the Property in fee simple, that the Property is free from all encumbrances except as expressly set forth herein, that Grantor has good right and lawful authority to sell and convey the same, and that Grantor will warrant and defend the title to the Property against the lawful claims of all persons claiming by, through or under Grantor, subject to the exceptions set forth in this Deed.

4. EXCEPTIONS AND RESERVATIONS

The conveyance and warranty made by Grantor herein are subject to and shall not affect any of the following: (a) easements, rights-of-way, covenants, restrictions, conditions or reservations of record; (b) zoning ordinances and governmental regulations affecting the use of the Property; (c) taxes and assessments for the current year not yet due and payable; and (d) such other matters as are set forth in the public record or that are expressly described below.

5. TAXES AND ASSESSMENTS

All real estate taxes and assessments for the year of transfer shall be apportioned between Grantor and Grantee as of the date of conveyance according to local practice. Grantor shall pay all taxes and assessments that became a lien prior to the date of this Deed, except as otherwise agreed in writing.

6. REPRESENTATIONS AND WARRANTIES OF GRANTOR

Grantor represents and warrants to Grantee that: (a) there are no actions, suits or proceedings pending or threatened affecting the Property that would materially impair the use or value of the Property; (b) Grantor has not conveyed, assigned or otherwise encumbered the Property except as disclosed herein; and (c) Grantor will execute such further documents and take such actions as are reasonably necessary to effectuate the transfer of title.

7. RECORDING

Upon execution and delivery of this Deed by Grantor, Grantee may record this Deed in the official land records of the County in which the Property is located. Grantor agrees to execute any additional instruments reasonably necessary to correct any defects or to further evidence the transfer contemplated by this Deed.

8. NOTICES

Any notice or other communication required or permitted under this Deed shall be in writing and shall be delivered personally or by certified mail, return receipt requested, to the addresses set forth below or to such other address as either party may designate by notice to the other.

9. GOVERNING LAW

This Deed shall be governed by and construed in accordance with the laws of the State of , without regard to principles of conflicts of law.

10. ENTIRE AGREEMENT

This Deed, together with any instruments referenced herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings and agreements relating to the Property.

11. SEVERABILITY

If any provision of this Deed is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, the remaining provisions shall remain in full force and effect to the fullest extent permitted by law.

12. AMENDMENT; WAIVER; COUNTERPARTS

This Deed may be amended only by a written instrument executed by both parties. No waiver of any breach or default shall be deemed a waiver of any subsequent breach or default. This Deed may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

13. ACKNOWLEDGMENT

Grantor acknowledges that Grantor has read this Deed, understands its contents, and executes it voluntarily and with full knowledge of its legal effect. Grantee accepts the conveyance subject to the terms and conditions set forth herein.

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