Deed Of Conveyance
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This Deed of Conveyance (the "Deed") is effective as of [DATE] (the "Effective Date").
BETWEEN: [COMPANY NAME] (the "Grantor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[COMPLETE ADDRESS]
AND: [COMPANY NAME] (the "Grantee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[COMPLETE ADDRESS]
RECITALS
WITNESSETH THAT:
WHEREAS, the Grantor is the owner of the real property described herein, located [ADDRESS], situated in [SPECIFY] County, [STATE]; and
WHEREAS, the Grantee provided to the Grantor(s) the money to purchase the real property described herein, at which time the Grantee could elect to require the Grantor to convey such land and the improvements thereon to the Grantee.
NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth, the parties hereto agree as follows:
CONSIDERATION AND CONVEYANCE
In consideration of the sum of ONE DOLLAR ($1) and other good and valuable consideration, the receipt of which is hereby acknowledged, the Grantor does hereby REMISE, RELEASE and FOREVER QUITCLAIM, without warranty or representation, express or implied except as expressly stated herein, and excluding all warranties that might arise by common law unto the Grantee, its successors and assigns forever, all such right and title as the Grantor has or ought to have, in and to the real property described in Exhibit "A" and situated in [SPECIFY] County, [STATE].
CONDITIONS
The Grantee acknowledges that it has inspected, is aware of, and accepts the
condition and state of repair of the Property, and that the Property is conveyed,
"
as is,
” "
where is,
"
without any representation, promise, agreement, or warranty on the part of the Grantor regarding such condition and state of repair, or regarding the making of any alterations, improvements, repairs, or additions. The Grantee further acknowledges that the Grantor shall not be liable for any latent or patent defects in the Property, except to the extent required by applicable law.
The Grantee and its successors and assigns hereby understand and agree that all costs associated with removing any restrictions of any kind whatsoever contained in this deed, whether necessitated by an environmental or other law or regulation, shall be the sole responsibility of Grantee, its successors and assigns, without any cost whatsoever to the Grantor(s).
Grantor(s) agree to execute such other documents as [COMPANY NAME] may require enabling it to record the rights-of-way and easements above granted.
This Deed of Conveyance shall be governed by and construed in accordance with the laws of the State of [SPECIFY].
IN WITNESS WHEREOF, the parties have executed this Deed of Conveyance on the date first above written.
GRANTOR GRANTEE
Authorized Signature Authorized Signature
Print Name Print Name
Title Title
EXHIBIT A
Property located at:
City/Township of:
County of:
State of:
Zip Code of:
Property lot number:
Section number:
Property beginning at:
ACKNOWLEDGMENT
State of [STATE]
County of [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
Signature Notary
(Seal)