State Exam Ch 19

Front 1

Chapter 19

Acknowledgement

Back 1

A formal declaration, made before, a duly authorized officer, usually a notary public, buy a person, who has signed a document.

Front 2

Bargain and sale deed

Back 2

A deed implying, that the grantor, owns the property. Carrys no warranties, against liens, or other encumbrances, but that does not imply, that the grantor, has the right, to convey the title.

Front 3

Bargain and sale deed, with Covenant

Back 3

The grantor, Warrants or guarantees, the title against defects, arising during the period, of his or her tenure, & ownership of the property, but does not, against, defects existing before that time.

Front 4

Benchmark

Back 4

A permanent, reference Mark or Point, established for use by surveyors, in measuring, differences, in elevation.

Front 5

Covenant

Back 5

Legal promise. Agreement, written into deeds.

Front 6

Datum

Back 6

Point from which, elevations are measured. Mean sea level, in New York Harbor, or local Datum

Front 7

Deed

Back 7

Document used, to transfer a title

Front 8

Delivery and acceptance

Back 8

Actions that actually transfer title.

Front 9

Grantee

Back 9

One who receives property, through a deed.

Front 10

Habendum clause

Back 10

"To have and to hold", Clause that explains ownership being transferred

Front 11

Legal description

Back 11

Description sufficient to identify a parcel, with certainty.

Front 12

Metes and Bounds

Back 12

A legal description, of a parcel of land, that begins, at a well-marked point, and follows the boundaries, using directions and distances, around the tract, back to the place of the beginning.

Front 13

Monument

Back 13

Natural or artificial object, used to establish, real estate boundaries.

Front 14

Quitclaim Deed

Back 14

Deed, releasing any interest, the grantor may have, without claiming seisin

Front 15

Seisin

Back 15

The grantor, warrants that he or she, is the owner of the property, and has the right to convey title to it. The grantee may recover damages, up to the full price if this Covenant is broken.

Front 16

Rectangular Survey System

Back 16

Government system, for land description, used in Western States

Front 17

Section

Back 17

One mile Square or 640 acres.

Front 18

Township

Back 18

Six mile square, and, an area of 36 square miles.

Front 19

Warranty deed

Back 19

Deed providing grantee, with the most protection.

Front 20

Every deed, must be signed, by, the?

Back 20

Grantor

Front 21

Title, to Property Transfers, at the moment the deed is?

Back 21

Delivered and accepted.

Front 22

Consideration, in a deed, refers to?

Back 22

Something of value, given by each party.

Front 23

A dedication, before a notary, or another official, providing evidence, that a signature, is, genuinely, an?

Back 23

Acknowledgement.

Front 24

What is the purpose, of a notary, signature on a deed?

Back 24

To make sure, the deed is eligible, for recording.

Front 25

Determining, the type of deed, used in conveying, a title, can be made by, examining the?

Back 25

Granting clause.

Front 26

In some areas, a bargain and sale deed, with Covenant, against grantor, is known, as a?

Back 26

Special, warranty deed.

Front 27

The covenant, of quiet enjoyment, promises that?

Back 27

No one, will question, the buyers full ownership.

Front 28

In New Jersey, deeds generally must?

Back 28

State the actual sale price, of the property, being conveyed, if there are, to be recorded.

Front 29

The grantee, receives, the greatest protection, with what type of deed?

Back 29

Warranty, deed.

Front 30

In New Jersey, a bargain and sale deed, with Covenant, against grantors acts, is commonly used?

Back 30

To transfer property, after a sale.

Front 31

The primary purpose, of a deed, is to?

Back 31

Transfer title rights.

Front 32

Permanent reference points, have been established, throughout the United States, to simplify surveyors' works. These reference points, are called?

Back 32

Benchmarks.

Front 33

Used to assist, the surveyor, to determine, the height of structures, and establishing, the grade of streets?

Back 33

Answer.

Datum.

Front 34

Which of the following methods, of describing property, is not used in New Jersey.

Back 34

Government survey systems.

Front 35

A plat of subdivision, is filed, with the?

Back 35

Clerk of the county, in which the land is located.

Chapter 19