Warranty Deed with Vendor's Lien 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 all rights, title, and interest in the above-described property, subject to the Vendor's Lien as provided herein.

2. Consideration

This conveyance is made for and in consideration of the sum of $[Purchase Price], of which $[Amount Paid at Closing] has been paid by the Grantee, and the remaining balance of $[Unpaid Balance] is evidenced by a promissory note of even date, executed by the Grantee, payable to the order of the Grantor, as follows:

Promissory Note Details:

• Principal Amount: $[Amount]
• Interest Rate: [X]% per annum
• Payment Schedule: [Monthly/Quarterly/Annual payments until maturity date]
• Final Maturity Date: [Date]

3. Vendor's Lien

The Grantor hereby retains a Vendor's Lien against the property to secure the payment of the unpaid purchase price as evidenced by the promissory note. If the Grantee defaults on payment, the Grantor shall have the right to enforce the lien and foreclose on the property pursuant to applicable law.

4. Warranty of Title

The Grantor warrants that they are the lawful owner of the property, free from all encumbrances except the Vendor's Lien and any matters of record. The Grantor shall defend the title against all lawful claims and demands.

5. Taxes and Assessments

The Grantee agrees to assume responsibility for all property taxes and assessments accruing after the date of this conveyance.

6. Governing Law

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