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Alaska Warranty Deed Subject to Debt

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                             This Warranty Deed is used when a seller of real property located in Alaska conveys
                             ownership of the property to a buyer and warrants title to that property, but the deed is
                             secured by a debt. This warranty deed effectively transfers the property to the buyer, but
                             specifies that certain liens exist on the property. It provides details of the existing liens
                             including the amount of the lien and recording information. In this warranty deed the seller
                             promises to defend the buyer from all adverse claims relating to the property, but states
                             that the liens are retained against the property until they are paid off. This document
                             should be used in a real estate transaction where the seller warrants the property subject to
                             existing liens.
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                                       WARRANTY DEED

                                         (Subject to Debt)

STATE OF ALASKA

COUNTY OF _____________ [Instruction: Insert the County]

KNOW ALL MEN BY THESE PRESENTS:

THAT THE UNDERSIGNED, ___________________ [Instruction: Insert full legal name(s)
of seller(s)], hereinafter referred to as “Grantor”, whether one or more, for and in consideration
of the sum of ________ ($___) [◊Instruction: Insert the amount, e.g., five hundred dollars
($500)] and other valuable consideration to the undersigned in hand paid by Grantee herein
named, the receipt of which is hereby acknowledged, has GRANTED, SOLD AND
CONVEYED, and by these presents does GRANT, SELL and CONVEY unto
______________________ [Instruction: Insert full legal name(s) of grantee(s)], hereinafter
referred to as “Grantee”, whether one or more, all of Grantor’s right, title and interest, in and to
the real property, being Grantor’s separate property, hereinafter referred to as the “Property”
described in “Exhibit A” attached hereto and made a part hereof:

This conveyance, however, is made and accepted subject to that certain indebtedness described
as follows:

1. Vendor’s Lien in Deed dated ______ [Month] ___ [Date], 20___, recorded in the real
   property records of _____________________ County [Instruction: Insert the County],
   Alaska in
   ___________________________________________________________________________
   ___________________________________________________________________________
   [Instruction: Insert description that provides details where the Vendor’s Lien in Deed is
   formally recorded, such as volume and page number];

2. Real Estate Lien Note, dated _____ [Month] ____ [Date], 20___, in the original principal
   amount of ________ ($___) [◊Instruction: Insert the amount, e.g., fifty dollars ($50)],
   executed by __________________________ [Instruction: Insert the name of person who
   executed] to __________________ [Instruction: Insert the name of person to whom
   executed], and secured by Deed of Trust of even date, to ________________________
   [Instruction: Insert the name of trustee], Trustee, for the benefit of said lender, recorded in
   the real property records of __________________________ County [Instruction: Insert the
   County],                           Alaska                                                     in
   ___________________________________________________________________________
   ________________________________________________________________ [Instruction
   Insert description that provides details where 
				
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Description: This Warranty Deed is used when a seller of real property located in Alaska conveys ownership of the property to a buyer and warrants title to that property, but the deed is secured by a debt. This warranty deed effectively transfers the property to the buyer, but specifies that certain liens exist on the property. It provides details of the existing liens including the amount of the lien and recording information. In this warranty deed the seller promises to defend the buyer from all adverse claims relating to the property, but states that the liens are retained against the property until they are paid off. This document should be used in a real estate transaction where the seller warrants the property subject to existing liens.
This document is also part of a package Essential Alaska Legal Documents 174 Documents Included