WARRANTY DEED WITH VENDOR’S LIEN

DESCRIPTION & CHECKLIST

There are different types of deeds, the most common being a warranty deed. A
variety of encumbrances can be placed on a warranty deed, including a vendor's
lien.

A warranty deed is used to convey an interest in real estate. When a warranty

deed is issued, the presumption is that there are no unknown encumbrances on
the property.

A person or entity that has performed work on the real estate and no payment
has been made places a vendor's lien on title to real estate by filing this form with
the register of deeds office in the county in which the property is located.

A person or entity owed money for work done on the property will remove the
vendor's lien once payment is made.

CHECKLIST:

 Complete and Date the document.

 Sign the document in the presence of a Notary.

 Give a copy to each party. Keep a copy with your records.

 File this form with the Register of Deeds Office.

 Note: You can erase the [bracketed] statements on the document as these are
just instructions to help you complete it.

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 WARRANTY DEED WITH VENDOR’S LIEN
INSTRUCTIONS

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4. READ THE FORM CAREFULLY!

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 WARRANTY DEED WITH VENDOR’S LIEN
(Vendor’s Lien Reserved and Assigned to Third Party Lender)

STATE OF _______________
COUNTY OF _____________

KNOW ALL MEN BY THESE PRESENTS:

THAT THE UNDERSIGNED, _______________________________________________________ [full

legal name(s) of seller(s)], hereinafter called “Grantor(s)”, whether one or more, for and in consideration
of the sum of TEN DOLLARS ($10.00) and other valuable consideration to the undersigned in hand paid
by the Grantee herein named, the receipt of which is hereby acknowledged, and the further consideration
of the execution and delivery by the Grantee of that one certain promissory note described on Exhibit A
attached hereto, the payment of which note is secured by the vendor’s lien herein retained, and is
additionally secured by a deed of trust of even date therewith and also described on Exhibit A attached
hereto, has GRANTED, SOLD AND CONVEYED, and by these presents does GRANT, SELL AND
CONVEY unto
________________________________________________________________________________ [full
legal name(s) of grantee(s)], hereinafter referred to as the “Grantee” whether one or more, all of
Grantor’(s) right, title and interest in and to the real property described as follows:
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
[insert full legal property description]

This conveyance, however, is made and accepted subject to any and all restrictions, 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, _________________________
[state].

TO HAVE AND TO HOLD the above described premises, together with all and singular the rights and
appurtenances thereto in anywise belonging, unto the said Grantee, Grantee’s heirs, executors,
administrators, successors and/or assigns forever; and Grantor(s) do hereby bind Grantor(s)’ heirs,
executors, administrators, successors and/or assigns to WARRANT AND FOREVER DEFEND all and
singular the said premises 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: (1) that the Vendor’s Lien, as well as Superior Title in and to the above
described premises, is retained against the above described property, premises and improvements until the
above described not and all interest thereon are fully paid according to the face, tenor, effect and reading
thereof, when this Deed shall become absolute; and (2) that the Lender set forth on Exhibit A, attached
hereto, at the instance and request of the Grantee herein, having advanced and paid in cash to the
Grantor(s) herein that portion of the purchase price of the herein described property as is evidenced by the
hereinabove described Note, the Vendor’s Lien, together with the Superior Title to said property, is

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retained herein for the benefit of said Lender and the same are hereby TRANSFERRED AND
ASSIGNED to said Lender, its successors and assigns.

Current ad valorem taxes on the property having been prorated, the payment thereof is assumed by
Grantee.

EXECUTED this ________ day of ____________________, 20_____ but to be effective upon the date
this instrument is filed for record in the real property records of _________________________ County,
_________________________ [state].

GRANTOR(S):

___________________________________ ___________________________________
[name of seller] [name of seller]

STATE OF _______________
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 through
Drivers License 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 _____________________

After recording, return to Grantee, at:

Grantee’s address:

_______________________________
_______________________________
_______________________________

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 Exhibit A
[Attach / describe Promissory Note here]

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