Fillable Printable Quit Claim Deed in Trust - Illinois

Quit Claim Deed in Trust - Illinois

QUIT CLAIM DEED IN TRUST

THIS INDENTURE WITNESSETH,

that the Grantor

of the

County of

and the State

for and in

consideration of Ten and no/100

Dollars, and other good and valuable

considerations in hand paid, Convey_

and quit claim

unto FIRST MIDWEST BANK of 2801 W. Jefferson Street, Joliet, Illinois 60435,

its successor or successors as Trustee under the provisions of a trust agreement dated the

day

, known as Trust Number the following described real

estate in the County of

and State of Illinois, to-wit:

PROPERTY ADDRESS:

PERMANENT INDEX NUMBER:

TO HAVE AND TO HOLD the said premises with the appurtenances, upon the trusts and for uses and

purposes herein and in said trust agreement set forth.

Full power and authority is hereby granted to said trustee to subdivide said premises or any part

thereof, to dedicate parks, streets, highways or alleys and to vacate any subdivision or part thereof, and

to resubdivide said property as often as desired, to contract to sell, to grant options to purchase, to sell

on any terms, to convey, either with or without consideration, to convey said premises or any part

thereof directly to a trust grantee or to a successor or successors in trust and to grant to such trust

grantee or successor or successors in trust all of the title, estate, powers and authorities vested in said

trustee, to donate, to dedicate, to mortgage, pledge or otherwise encumber, said property, or any part

thereof, to lease said property, or any part thereof, from time to time, in possession or reversion, by

leases to commence in praesenti or in futuro, and upon any terms and or any period or periods of time,

not exceeding in the case of any single demise the term of 198 years, and to renew or extend leases

upon any terms and for any period or periods of time and to amend, change or modify leases and the

terms and provisions thereof at any time or times hereafter, to contract to make leases and to grant

options to lease and options to renew leases and options to purchase the whole or any part of the

reversion and to contract respecting the manner or fixing the amount of present or future rentals, to

partition or to exchange said property, or any part thereof, for other real or personal property, to grant

easements or charges of any kind, to release, convey or assign any right, title or interest in or about or

easement appurtenant to said premises or any part thereof, and to deal with said property and every part

thereof in all other ways and for such other considerations as it would be lawful for any person owning

the same to deal with the same, whether similar to or different from the ways above specified, at any

time or times hereafter.

The Grantor__ hereby expressly warrant__ to the Grantee (and all successors in interest), that no

toxic waste, noxious, radioactive or hazardous material is stored on, or otherwise exists, upon said

premises.

In no case shall any party dealing with said trustee in relation to said premises, or to whom said

premises or any part thereof shall be conveyed, contracted to be sold, leased or mortgaged by said

trustee, be obliged to see to the application of any purchase money, rent, or money borrowed or

advanced on said premises, or be obliged to see that the terms of this trust have been complied with, or

be obliged to inquire into the necessity or expediency of any act of said trustee, or be obliged or

privileged to inquire into any of the terms of said trust agreement; and every deed, trust deed, mortgage,

lease or other instrument executed by said trustee in relation to said real estate shall be conclusive

evidence in favor of every person relying upon or claiming under any such conveyance, lease or other

instrument, (a) that at the time of the delivery thereof the trust created by this indenture and by said

trust agreement was in full force and effect, (b) that such conveyance or other instrument was executed

in accordance with the trusts, conditions and limitations, contained in this indenture and in said trust

agreement or in some amendment thereof and binding upon all beneficiaries thereunder, (c) that said

trustee was duly authorized and empowered to execute and deliver every such deed, trust deed, lease,

mortgage or other instrument, and (d) if the conveyance is made to a successor or successors in trust,

that such successor or successors in trust have been properly appointed and are fully vested with all the

title, estate, rights, powers, authorities, duties and obligations of its, his or their predecessor in trust.

The interest of each and every beneficiary hereunder and of all persons claiming under them or any

of them shall be only in the earnings, avails and proceeds arising from the sale or other disposition of

said real estate, and such interest is hereby declared to be personal property, and no beneficiary

hereunder shall have any title or interest, legal or equitable, in or to said real estate as such, but only an

interest in the earnings, avails and proceeds thereof as aforesaid.

If the title to any of the above lands is now or hereafter registered, the Registrar of Titles is hereby

directed not to register or note in the certificate of title or duplicate thereof, or memorial, the words "in

trust" or "upon condition," or "with limitations," or words of similar import, in accordance with the

statute in such cases made and provided.

And the said grantor__ hereby expressly waive___ and release__ any and all right of benefit under

and by virtue of any and all statutes of the State of Illinois, providing for the exemption of homesteads

from sale on execution or otherwise.

In Witness Whereof, the grantor__ aforesaid ha___ hereunto set

hand__ and seal__

this

day of ________________________, __________.

(Seal)