This Indenture Essay Sample

Made this 27th day of January, 2007.

Between SAM and SARAH SELLER, of Derry Township, Westmoreland County, Pennsylvania, party of the first part GRANTORS
and
BARB BUYER and TED BUYER, mother and son, of Latrobe, Pennsylvania, as joint tenants with right of survivorship and not as tenants in common, parties of the second part. GRANTEES
WITNESSETH, that in consideration of the sum of FOUR HUNDRED AND TWENTY FIVE THOUSAND ($425,000.00) ---DOLLARS AND NO/100 in hand paid, the receipt whereof is hereby acknowledged, said Grantor does hereby, grant, bargain, sell and convey unto said Grantees, their heirs, successors and assigns:
ALL THAT CERTAIN PROPERTY SITUATED IN THE TOWNSHIP OF DERRY, COUNTY OF WESTMORELAND AND COMMONWEALTH OF PENNSYLVANIA, MORE FULLY DESCRIBED IN THE ATTACHED EXHIBIT A.

ALSO BEING KNOWN AS LIBER 23456, FOLIO 7765

BEING ADDRESS NO. 123 MAIN STREET LIGONIER, PA 15658
BEING the same property ESTATE OF SHEILA F. KROMPHOLTZ, deceased, by JOANNE JIOIO, EXECUTRIX by deed dated 04/01/1998 and recorded in the Recorder of Deeds Office of WESTMORELAND COUNTY, Pennsylvania in Volume 6539 Page 98 granted and conveyed unto SAM SELLER and SARAH SELLER, the GRANTORS herein.

EXHIBIT A

ALL that certain lot of land situate at Mecheaneytown in Derry Township, Westmoreland County, Pennsylvania;
BEING Lot numbered 2, Block 3456 Section 7 on the Loyalhanna Coal & Coke Company Brinker Plan of Lots, recorded in the Recorder’s Office for the county aforesaid in Plan Book 5, Page 162, bounded and described as follows, to wit;
SAID lot having a frontage of 100 feet on Main Street and extending back of even width or depth between Walnut Street on the North and Lot No. 3 on the South in said plan, a distance of 100 feet to the Easterly side of a 20-foot alley leading into and from Fairmont (Formerly Sugar) and Walnut Streets
With the appurtenances: To Have and To Hold the same to and for the use of said Grantees their heirs and assigns forever, And the Grantors for themselves, their heirs and assigns hereby covenant and agree that they will WARRANT GENERALLY the property hereby conveyed.
NOTICE—THIS DOCUMENT DOES NOT/MAY NOT SELL, CONVEY, TRANSFER, INCLUDE OR INSURE THE TITLE TO THE COAL AND NOTICE AND RIGHT OF SUPPORT UNDERNEATH THE SURFACE LAND DESCRIBED OR REFERRED TO HEREIN, AND THE OWNER OR OWNERS OF SUCH COAL MAY HAVE/HAVE THE COMPLETE LEGAL RIGHT TO REMOVE ALL SUCH COAL AND, IN THAT CONNECTION, DAMAGE MAY RESULT TO THE SURFACE OF THE LAND AND ANY HOUSE, BUILDING OR OTHER STRUCTURE ON/IN SUCH LAND. THE INCLUSION OF THIS NOTICE DOES NOT ENLARGE, RESTRICT OR MODIFY ANY LEGAL RIGHTS OR ESTATES OTHERWISE CREATED, TRANSFERRED, EXCEPTED OR RESERVED BY THIS INSTRUMENT. (This notice is set forth in the manner provided in Section 1 of the Act of July 17, 1957, P.L. 984, as amended, and is not intended as notice of unrecorded instruments, if any.)

WITNESS the hand and seal of said Grantors

WITNESS
_______________________________________ __________________________________
_______________________________________ ___________________________________
NOTICE THE UNDERSIGNED, AS EVIDENCED BY THE SIGNATURES TO THIS NOTICE AND THE ACCEPTANCE AND RECORDING OF THIS DEED ARE FULLY COGNIZANT OF THE FACT THAT THE UNDERSIGNED MAY NOT BE OBTAINING THE RIGHT OF PROTECTION AGAINST SUBSIDENCE, AS TO THE PROPERTY HEREIN CONVEYED, RESULTING FROM COAL MINING OPERATIONS AND THAT THE PURCHASED PROPERTY, HERIN CONVEYED, MAY BE PROTECTED FROM DAMAGE DUE TO MINE SUBSIDENCE BY A PRIVATE CONTRACT WITH THE OWNERS OF THE ECONOMIC INTEREST IN THE COAL. THIS NOTICE IS INSERTED HEREIN TO COMPLY WITH THE BITUMINOUS MINE SUBSIDENCE AND LAND CONSERVATION ACT OF 1966.

WITNESS

_________________________________________ _____________________________________
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Pennsylvania state requirements for real estate property deeds are clearly laid out in statute. The deed must include the county, state, date of transfer, persons involved in the sale, a notary signature and the notary expiration date. If any of this pertinent information is omitted, the deed may be considered invalid.
The Grantee’s address must be included as well. It must be a physical location, P.O. Boxes are not acceptable. The tax parcel ID numbers for the local municipality are to be on the document. Book volume and page numbers for previous transfers involving this parcel of real estate, with instrument numbers must be included on all documents which refer back to the original recording of this piece of real property.
Statements of value must be included for the purpose of levying real estate transfer taxes to the state and the local municipality, and are considered to be part of the deed itself.
Applicable fees are to be paid along with the submission of the document for recording. Most counties accept cash, personal or business check or money order. The realty transfer taxes are 1% to the state and 1 % to the local municipality, based on the purchase price that is laid out as part of the deed, listed as consideration.
If any errors are found on the deed, it is the purchasers’ responsibility to remedy the mistakes, by filing an updated, corrected document with the county recorder’s office as soon as the error is recognized.

References

Castro, Trinise (2015) Tenants In Common Deeds. Retrieved from http://homeguides.sfgate.com/tenants-common-deeds-6823.html March 31, 2015.
Intuit (2014) Warranty Deed. Retrieved from https://documents.intuit.com/wizardsem/551a55960e75cb1594588e58 March 31, 2015.
Real Estate Deed Forms. Retrieved from http://www.deeds.com/forms March 31, 2015.
Westmoreland County Recorder of Deeds Office (1997-2005) Retrieved from http://www.wcdeeds.us/dts/SimpleQuery.asp March 31, 2015.