Fill and Sign the Usufruct Louisiana Form

GRANT OF USUFRUCT UNITED STATES OF AMERICA BY [_GRANTOR_] STATE OF LOUISIANA TO [_GRANTEE_] PARISH OF [_PARISH_] BE IT KNOWN, that on [_Date_] , before me, [_NOTARY_] , a Notary Public, duly commissioned and qualified in and for the aforesaid parish and state, and in the presence of the witnesses hereinafter named and undersigned: PERSONALLY CAME AND APPEARED: [_GRANTOR_] , whose Tax Identification Number is [_TIN_1_] , a single woman of full age of majority, domiciled in [_Grantor_Parish_] whose present mailing address is [_Grantor_Address_] ; hereinafter referred to as "GRANTOR"; who declared that she is the owner of the following described property: [_Property_Description_] The property described above has as its address [_Prop_Address_] . and that in consideration of [_Consideration_] , GRANTOR does grant, convey, assign, set over and deliver unto: [_GRANTEE_] , whose Tax Identification Number is [_TIN_2_] , wife of [_Husband_] , domiciled in [_Grantee_Parish_] , whose present mailing address is [_Grantee_Address_] ; hereinafter referred to as "GRANTEE"; the usufruct over the property described above, such usufruct to extend for GRANTEE's lifetime. GRANTOR waives inventory and appraisement. GRANTEE appears herein to accept the usufruct and agrees that during the term of the usufruct she will maintain the property and keep it in good repair, and pay all taxes that may fall due on the property. GRANTEE shall also insure all improvements on the property against casualty loss, with policies payable to GRANTOR, and providing coverage limits acceptable to GRANTOR. It is agreed that in the event of any casualty or other damage to such improvements, any sums paid by insurers or others as the result of such loss shall be expended on repair of the improvements located on the property. GRANTEE [_shall_shall_not_] have the right to dispose of the nonconsumables without the consent of GRANTOR. GRANTEE agrees to indemnify and hold harmless GRANTOR from any - 1 - liability arising out of GRANTEE's exercise of this usufruct, and agrees to maintain liability insurance coverage with minimum limits of [_$Limits_] , and to have GRANTOR named as an additional insured on such coverage. THUS DONE AND SIGNED on the day and date first above mentioned, in the presence of the undersigned competent witnesses, who hereunto sign their names with the said appearers and me, Notary, after due reading of the whole. WITNESSES: ______________________ _____________________ [_GRANTOR_] ______________________ _____________________ [_GRANTEE_] ____________________________________________ [_NOTARY_] , NOTARY PUBLIC * * * * * * * * * * GRANT OF USUFRUCT - F1ASAL07 : This act creates a conventional usufruct (R.C.C. Article 544), with an option giving the usufructuary the right to dispose of nonconsumables without the consent of the naked owner (R.C.C. 568). A similar form may be used for the grant of a right of habitation affecting a residence. WORD KEY : EXPLANATION : [_GRANTOR_] Full name of grantor of usufruct. Name should agree with name in acquisitions of immovable property. Explain any discrepancies. For alternative appearances, see document Appearances - F1AAPP1. [_GRANTEE_] Full name of grantee of usufruct. [_PARISH_] Parish of execution. [_Date_] Date of execution. [_NOTARY_] Notary before whom executed. [_TIN_1_] Tax Identification Number of grantor. [_Grantor_Parish_] Parish of grantor's domicile. [_Grantor_Address_] Mailing address of grantor. [_Property_Description_] Description of property, including acquisition. [_Prop_Address_] Municipal number or address of the property. - 2 - [_Consideration_] State consideration for grant of usufruct. [_TIN_2_] Tax Identification Number of grantee. [_Husband_] Husband of grantee. For alternative appearances, see document Appearances - F1AAPP1. [_Grantee_Parish_] Parish of grantee's domicile. [_Grantee_Address_] Mailing address of grantee. [_shall_shall_not_] As appropriate. [_$Limits_] Limits of liability coverage (with $). - 3 -