Real Estate Deed Renewal Form

REAL ESTATE DEED RENEWAL FORM

This Real Estate Deed Renewal Form (the "Renewal") is made as of Date: by and between Grantor Name: of Address: , and Grantee Name: of Address: .

RECITALS

WHEREAS, Grantor previously executed and delivered a deed conveying the Property described below to Grantee, recorded as Instrument No.: in the Recorder's Office of County: on (the "Original Deed");

WHEREAS, the Original Deed granted certain rights, title, or easements of a stated term, or otherwise contains a provision subject to expiration or reissuance, and the parties now desire to renew, extend, and confirm such grant upon the terms and conditions set forth herein; and

WHEREAS, Grantor represents that it has full power and authority to execute this Renewal and to cause the Original Deed to be renewed and recorded as provided below.

NOW, THEREFORE

In consideration of the mutual covenants and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. RENEWAL; EXTENSION

1.1 Renewal. Grantor hereby renews, reaffirms and extends the rights, estate, or interest granted to Grantee by the Original Deed as to the real property described in Section 2 below (the "Property") for an additional term of years, commencing on (the "Renewal Term"), unless earlier terminated in accordance with the Original Deed or this Renewal.

2. PROPERTY

2.1 Legal Description. The Property subject to this Renewal is described as follows:

3. CONSIDERATION

3.1 Consideration. The renewal and extension set forth herein are made for the sum of dollars and other good and valuable consideration, receipt of which is acknowledged by Grantor.

4. REPRESENTATIONS AND WARRANTIES

4.1 Authority; Title. Grantor represents and warrants that (a) Grantor is the lawful owner of the interest being renewed; (b) Grantor has full power and authority to enter into this Renewal and to perform its obligations hereunder; and (c) to Grantor's knowledge, the interest conveyed by the Original Deed is not subject to any outstanding assignment, lien, or encumbrance other than those of record and disclosed in writing to Grantee prior to the Effective Date.

5. COVENANTS

5.1 Performance. Each party covenants to perform and observe all obligations applicable to it under the Original Deed and under this Renewal, including payment of any taxes, assessments, or fees related to the Property and the recording of this instrument.

5.2 No Impairment. Grantor shall not take any action during the Renewal Term that would materially impair the rights renewed hereunder, and shall defend the renewed interest against all claims arising after the Effective Date attributable to Grantor.

6. TITLE, ENCUMBRANCES AND LIMITATIONS

6.1 Exceptions. The renewal is subject to any encumbrances, reservations, easements, rights-of-way, covenants, conditions, restrictions, and other matters of record that do not materially interfere with the renewed interest. Any material adverse encumbrances shall be disclosed in writing in the space below:

7. RECORDING

7.1 Recording. The parties agree that this Renewal shall be executed and delivered for the purpose of being recorded in the official public records of the county where the Property is located. Grantor and Grantee shall cooperate to effect prompt recording, and each party shall execute such further instruments and documents as may be reasonably required to record or to evidence the renewal.

8. NOTICES

Notices to the parties shall be given in writing at the respective addresses set forth below and shall be effective upon delivery by hand, nationally recognized overnight courier, or deposit with the United States Postal Service, postage prepaid:

9. FURTHER ASSURANCES

9.1 Further Acts. Each party shall execute and deliver such further instruments and do such further acts as may be reasonably necessary to carry out the intents and purposes of this Renewal, including any corrective deeds or affidavits required by title companies or recording offices.

10. GOVERNING LAW

This Renewal shall be governed by and construed in accordance with the laws of the state in which the Property is located, without regard to conflict of laws principles.

11. ENTIRE AGREEMENT; SEVERABILITY

11.1 Entire Agreement. This Renewal, together with the Original Deed as expressly amended hereby, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.

11.2 Severability. If any provision of this Renewal is held to be invalid, illegal, or unenforceable, the remaining provisions shall be severable and enforceable to the fullest extent permitted by law.

12. AMENDMENTS; WAIVER; COUNTERPARTS

12.1 Amendments and Waivers. This Renewal may be amended, modified, or waived only by a written instrument executed by both parties. No waiver by either party of any breach shall operate as a waiver of any subsequent breach.

12.2 Counterparts. This Renewal may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Signatures provided by electronic means shall be considered originals for all purposes.

13. ACKNOWLEDGMENT

By executing below, each signatory certifies that they are authorized to execute this Renewal on behalf of the party for whom they sign, that they have read and understand the terms hereof, and that this Renewal is executed voluntarily for the purposes expressed herein.

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