Free Warranty Deed (Subject to Debt) Template

Grantor (Seller):

Name: [Full Legal Name]

Address: [Grantor's Address]

and

Grantee (Buyer):

Name: [Full Legal Name]

Address: [Grantee's Address]

Property:

[Full Legal Description of Property, including lot, block, subdivision, county, and state]

1. Conveyance of Property

"The Grantor hereby conveys and warrants to the Grantee, subject to the debt described below, all rights, title, and interest in the property described above."

2. Consideration

For and in consideration of $[Amount], the receipt of which is hereby acknowledged, the Grantor hereby grants, sells, and conveys the property described herein to the Grantee.

3. Subject to Debt

This conveyance is made subject to the following existing debt(s):

• Loan or Mortgage Holder: [Name of Lender]
• Original Loan Amount: $[Amount]
• Current Balance: $[Amount]
• Loan Date: [Date]

"The Grantee acknowledges that the property remains encumbered by this debt and assumes responsibility for continuing payment and compliance with its terms."

4. Warranty of Title

The Grantor warrants that:

• They are the lawful owner of the property.
• The property is free of encumbrances except as disclosed in Section 3.
• The Grantor will defend the title to the property against all lawful claims arising from before the conveyance, except as limited by the subject debt.

5. Taxes and Assessments

"The Parties agree that property taxes and assessments will be prorated as of the date of transfer unless otherwise agreed."

6. Governing Law

This Deed shall be governed by and construed in accordance with the laws of [State/Country].