Deed Conveying Farm to Charity With Reservation of Life Tenancy In Donor
THIS INDENTURE, made on [date] by [name] residing at [address] (the Grantor) to [name of institution], an educational institution chartered by the State of [State] with principal offices at [address] (the Grantee).
WITNESSETH, that the Grantor, as an irrevocable gift, does hereby grant and release unto the Grantee its successors and assigns forever:
All that certain plot, piece, or parcel of farmland, with the buildings and improvements thereon erected, situate, lying and being in the [insert description];
TOGETHER with all right, title, and interest, if any, of the Grantor in and to any streets and roads abutting the above described premises to the center lines thereof;
TOGETHER with the appurtenances and all the estate and rights of the Grantor in and to said premises;
SUBJECT to the reservation by the Grantor of the right to enjoy the full and exclusive possession of the aforesaid premises including the right to occupy said premises and reside therein and to enjoy the rents, issues, and profits of said property undisturbed by the Grantee, its successors, and assigns for so long as the Grantor shall live;
TO HAVE AND TO HOLD the premises herein granted to the Grantee, its successors and assigns forever.
IN WITNESS WHEREOF, the Grantor has executed this deed the day and year first above written.