Fillable Printable Quit Claim Deed in Trust - Illinois
Fillable Printable Quit Claim Deed in Trust - Illinois
Quit Claim Deed in Trust - Illinois
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QUIT CLAIM DEED IN TRUST
THIS INDENTURE WITNESSETH,
that the Grantor
of the
County of
and the State
of
for and in
consideration of Ten and no/100
Dollars, and other good and valuable
considerations in hand paid, Convey_
and quit claim
unto FIRSTMIDWEST 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
of
, 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
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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)
(Seal)
