Fill and Sign the Warranty Deed to Child Reserving a Life Estate in the Parents Oregon Form

Prepared by U.S. Legal Forms, Inc. Copyright 2016 - U.S. Legal Forms, Inc. STATE OF OREGON WARRANTY DEED TO CHILD – RESERVING LIFE ESTATE TO PARENT Control Number – OR - 021 - 77 NOTES ON COMPLETING THESE FORMS The form(s) in this packet contain “form fields” created using Microsoft Word. “Form fields” facilitate completion of the forms using your computer. They do not limit you 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 in 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. 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This document prepared by (and after recording return to): ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) -------- Above This Line Reserved For Official Use Only------------Name:       Firm/Company:       Address:       Address 2:       City, State, Zip:       Phone:       Until a change is requested all tax statements shall be sent to the following address:                             Escrow No.        Title No.        WARRANTY DEED (Reserved Life Estate) 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, ________________________ and ________________________ , Husband and Wife, hereinafter referred to as “Grantors”, do hereby grant, bargain, sell, convey, and warrant unto ________________________ , an individual, married unmarried, hereinafter “Grantee”, whether one or more, the following lands and property, together with all improvements located thereon, lying in the County of __________________ , City of __________________ , State of Oregon, to-wit: INSERT DESCRIPTION OR ATTACH AS EXHIBIT SUBJECT to Life Estates retained by ____________________________________ and ____________________________________ , Grantors, to run consecutively. It being the intention of the Grantors that the ending of one Life Estate shall in no way affect the remaining Life Estate. LESS AND EXCEPT all oil, gas and minerals, on and under the above described property owned by Grantor(s), if any, which are reserved by Grantor(s). SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. The property herein conveyed is not a part of the homestead of Grantor(s), or is part of the homestead of Grantor(s) and the conveyance is joined by both Husband and Wife. WITNESS Grantor(s) hand(s) this the ____ day of ________________ , 20 ____ . __________________________________ Grantor {Type Name} __________________________________ Grantor {Type Name} This instrument will not allow use of the property described in this instrument in violation of applicable land use laws and regulations. Before signing or accepting this instrument the person acquiring fee title to the property should check with the appropriate city or county planning department to verify approved uses and to determine any limits on lawsuits against farming or forest practices as defined in ORS 30.930. STATE OF __________________ COUNTY OF __________________ This instrument was acknowledged before me on __________________ (date) by ______________________________ (name(s) of person(s)) ______________________________ Notary Public ____________________________ Print Name My Commission Expires: __________________ Grantor(s) Name, Address, phone:             Grantee(s) Name, Address, phone: