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Arkansas Warranty Deed Subject to Debt

This document is part of the Package "Essential Arkansas Legal Documents " | 174 docs included
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Arkansas Warranty Deed Subject to Debt
Warranty Deed

(Subject to Debt)





This Warranty Deed can be used when an Individual conveys ownership of a property and

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warrants title to that property, but the deed is secured by a debt.









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Attorney Drafted

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WARRANTY DEED

(Subject to Debt)









STATE OF ARKANSAS

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 the “Grantor”, whether one or more, for and in

consideration of the sum of ________ ($___) [◊ Instruction: Insert the amount E.g., five

hundred dollars only ($ 500)] and other valuable consideration to the undersigned in hand paid

by the 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],

Arkansas in

___________________________________________________________________________

___________________________________________________________________________

[Instruction: Insert description that provides details where the Vendor’s Lien in Deed is

formally recorded, such as volume and page number];







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2. Real Estate Lien Note, dated _____ [Month] ____ [Date], 20___, in the original principal

amount of ________ ($___) [◊ Instruction: Insert the amount E.g., Fifty dollars only ($

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],Arkansas

in_________________________________________________________________________

__________________________________________________________________

[Instruction Insert description that provides details where the Deed of Trust is formally

recorded, such as volume and page number], which indebtedness Grantee has not hereby

assumed, and any and all other restrictions, encumbrances, easements, covenants and

conditions, if any, relating to the hereinabove described Property as the same are filed for

record in the real property records of ___________ County [Instruction: Insert the

County], Arkansas.





TO HAVE AND TO HOLD the above described Property, together with all and singular the

rights and appurtenances and privileges thereto in anywise belonging, unto the said Grantee,

Grantee’s heirs, executors, administrators, successors and assigns forever; and Grantor does

hereby bind Grantor’s heirs, executors, administrators, successors and assigns forever; and

Grantor does hereby bind Grantor’s heirs, executors, administrators, successors and/or assigns to

WARRANT AND FOREVER DEFEND all and singular the said Property unto the said Grantee,

Grantee’s heirs, executors, administrators, successors and/or assigns against every person

whomsoever claiming or to claim the same or any part thereof.

But it is expressly agreed that the Vendor’s Lien, as well as Superior Title in and to the Property,

is retained against the Property and improvements until the above described Note and all interest

thereon is fully paid according to the face, tenor, effect and reading thereof, when this Deed shall

become absolute.









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It is further acknowledged that current ad valorem taxes on the Property having been prorated,

the payment thereof is assumed by Grantee.





EXECUTED this ______ [Month] [____] Date, 20___ but to be effective upon the date this

instrument is filed for records of ___________ County [Instruction: Insert the County],

Arkansas.









Signed on ______ [Month] __ [Date], 20___.









___________________________________

[Instruction: Insert signature of Grantor]





______________________________________________

[Instruction: Insert typed or printed name of Grantor]









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Exhibit A





[Instruction: Insert legal description, address and all necessary things related to the

property]









© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 5

ACKNOWLEDGMENT









STATE OF ARKANSAS

COUNTY OF ________________________









Before me, the undersigned Notary Public, on this day personally appeared

___________________ known to me (or proved to me on the oath of ____________, or

_______________) to be the persons whose names are subscribed to the foregoing instrument

and acknowledged to me that they executed in the capacity set forth and for the purpose and

consideration therein expressed.





Given under my hand and seal of office this________ day of _________, 20_____.









[Notarial seal, if any]





_______________________________

NOTARY PUBLIC





STATE OF ARKANSAS









After recording, return to Grantee, at:

Grantee’s address:

_______________________________

_______________________________

_______________________________









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