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Fill and Sign the Virginia Quitclaim 497427995 Form

Fill and Sign the Virginia Quitclaim 497427995 Form

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This document prepared by (and after recording return to): Name: ________________________________ Firm/Company ________________________________ Address: ________________________________ City, State, Zip: ________________________________ Phone: ________________________________ QUITCLAIM DEED KNOW ALL MEN BY THESE PRESENTS THAT: FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, _____________________________ (Name of Grantor) , an Individual, hereinafter referred to as Grantor , does hereby remise, release, quitclaim, grant and convey unto ___________________________ (Name of Trustee), his successor or successors, as Trustee under a Trust Agreement dated __________________________ (date) , the following described real estate (the Real Estate or Trust Estate ), located in ____________________ (Name of County) County, Virginia, together with all improvements located thereon, to-wit: Legal Description of Property Prior instrument reference: Book _______, Page_______, Document No.__________, of the Recorder of ______________________ (Name of County) , County, Virginia. LESS AND EXCEPT all oil, gas and minerals, on and under the above described property owned by Grantor, if any, which are reserved by Grantor and subject to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. TO HAVE AND TO HOLD same unto Grantee, and unto Grantee’s assigns forever, with all appurtenances thereunto belonging. Trustee shall have and hold the above-described Real Estate with its appurtenances on the Trust and for the uses and purposes set forth in this Deed and in the Trust Agreement. Full power and authority is granted to Trustee: A. To improve, manage, protect, subdivide, and re-subdivide the Real Estate or any part of it; B. To dedicate parks, streets, highways, or alleys, and to vacate any subdivision or part of a subdivision; C. To contract, sell, or exchange; to grant options to purchase; to sell on any terms; and to convey either with or without consideration; D. To convey the Real Estate or any part of it to a successor or successors in trust, and to grant to the successor or successors in trust all of the title, estate, powers, and authority vested in Trustee; - Quitclaim Deed - Page 1 - E. To donate, dedicate, mortgage, or otherwise encumber the Real Estate or any part of it; F. To lease the Real Estate or any part of it, in possession or reversion, on any terms and for any period or periods of time; and to renew or extend leases on any terms and for any period or periods of time, and to amend, change, or modify the leases and the terms and provisions of them; G. To contract to make leases and to grant options to lease and options to renew leases and options to purchase the whole or any part of the reversion, and to contract respecting the manner or fixing the amount of present or future rentals; H. To execute grants of easements or charges of any kind; I. To release, convey, or assign any right, title, or interest in or about or easement appurtenant to the Real Estate or any part of it; J. To deal with title to the Real Estate and every part of it in any way and for such consideration as would be lawful for any person owning the title to the Real Estate to deal with it, whether similar to or different from the ways above- specified. In no case shall any party dealing with Trustee in relation to the Real Estate or to whom the Real Estate or any part of it is conveyed, contracted to be sold, leased, or mortgaged by the Trustee be obliged to see to the application of any purchase money, rent, or money borrowed or advanced on the Real Estate , or be obliged to see that the terms of the 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. 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 on or claiming under any such conveyance, lease, or other instrument that (a) at the time of delivery, the Trust created by this deed and the Trust Agreement was in full force and effect, (b) the conveyance or other instrument was executed in accordance with the Trust, and the conditions and limitations contained in this deed and in the Trust Agreement or in the amendments of the same, and binding on all beneficiaries, (c) 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, the successor or successors in trust have been properly appointed and are fully vested with all the title, estate, rights, powers, authorities, duties, and obligations of its, his, or their predecessor in trust. The interest of each beneficiary under the Trust Agreement and of all persons claiming under them or any of them shall be only in the possession, earnings, and proceeds arising from the sale, mortgage, or other disposition of the Real Estate . Such interest is declared to be personal property. No beneficiary shall have any title or interest, legal or equitable, in or to the Real Estate as such, but only an interest in the possession, earnings, and proceeds of it. WITNESS Grantor’s hand this the _________________________ (date) . ___________________________________________ - Quitclaim Deed - Page 2 - Typed or Printed Name and Signature of Grantor STATE OF VIRGINIA COUNTY OF ________________________ The foregoing instrument was acknowledged before me this ______________________ (date) by __________________________ (Name of Grantor) . ______________________________ Notary Public Printed Name: ______________________ My Commission Expires: ____________________ Grantor(s) Name, Address, phone: _________________________________ _________________________________ _________________________________ _________________________________ Grantee(s) Name, Address, phone: _________________________________ _________________________________ _________________________________ _________________________________ SEND TAX STATEMENTS TO GRANTEE - Quitclaim Deed - Page 3 -

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