New Jersey Administrative Code › Title 5 - COMMUNITY AFFAIRS › Chapter 80 - NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY › Subchapter 26 - HOUSING AFFORDABILITY CONTROLS › Appendix D

Current through Register Vol. 56, No. 14, July 15, 2024
MANDATORY DEED FORM FOR OWNERSHIP UNITS SUBJECT TO RESTRICTIVE
				  COVENANT REQUIRED BY SECTION 5:80-26.5(d)
Deed
To State Regulated Property
Subject To Restrictive Covenant Limiting Conveyance
And Mortgage Debt
THIS DEED is made on this the ... day of ......., 20.. by and
				  between
............................. (Grantor) and
............................. (Grantee).
Article 1. Consideration and Conveyance
In return for payment to the Grantor by the Grantee of ......
				  Dollars ($ ...........), the receipt of which is hereby acknowledged by the Grantor,
				  the Grantor hereby grants and conveys to the Grantee all of the land and
				  improvements thereon as is more specifically described in Article 2, hereof (the
				  Property).
Article 2. Description of Property
The Property consists of all of the land, and improvements
				  thereon, that is located in the municipality of ......., County of ......., State of
				  New Jersey, and described more specifically as Block No. ... Lot No. ..., and known
				  by the street address:
Article 3. Grantor's Covenant
The Grantor hereby covenants and affirms that Grantor has taken no
				  action to encumber the Property.
Article 4. Affordable Housing Covenants and Remedies
Sale and use of the Property is governed by the Declaration Of
				  Covenants, Conditions And Restrictions Implementing Affordable Housing Controls On
				  State Regulated Property that was filed against the Property and recorded on
				  ......., 20... in Deed Book ... at pages ... through ..., in the offices of the
				  Clerk, County of ...... (the "Restrictions), and is subject to all remedies set
				  forth in the Restrictions.
EXECUTION BY GRANTOR
Signed by the Grantor on the date hereof. If the Grantor is a
				  corporation, this Deed is signed by a corporate officer who has authority to (a)
				  convey all interests of the corporation that are conveyed by this Deed, and (b) to
				  bind the corporation with respect to all matters dealt with herein.
........................................
Signed, sealed and
................... [seal]
delivered in the presence
of or attested by:
................... [seal]
................... [seal]
................... [seal]
CERTIFICATE OF ACKNOWLEDGEMENT BY INDIVIDUAL
State of New Jersey, County of ......
I am either (check one) ... a Notary Public or ... a ......., an
				  officer authorized to take acknowledgements and proofs in the state of New Jersey. I
				  sign this acknowledgement below to certify that it was executed before me. On this
				  the ... day of ......., 20... ...... appeared before me in person. (If more than one
				  person appears, the words "this person" shall include all persons named who appeared
				  before the officer making this acknowledgement). I am satisfied that this person is
				  the person named in and who signed this Deed.
This person also acknowledged that the full and actual
				  consideration paid or to be paid for the transfer of title to realty evidenced by
				  this Deed, as such consideration is defined in P.L. 1968, c. 49, sec. 1(c), is $
				  .......
.......................................
Officer's signature: Sign above, and
print stamp or type name below
CORPORATE PROOF BY SUBSCRIBING WITNESS
State of New Jersey, County of ......
I am either (check one) ... a Notary Public or ... a ......., an
				  officer authorized to take acknowledgements and proofs in the state of New Jersey.
				  On this the ...... day of ......., 20..., ...... (hereinafter the "Witness")
				  appeared before me in person. The Witness was duly sworn by me, and under oath
				  stated and proved to my satisfaction that:
1.
The Witness is the ...... secretary
						  of the corporation which is
the Grantor described as such in this deed (hereinafter
						  the
"Corporation").
2.
......., the officer who signed this
						  Deed is the (title)...... of
the Corporation (hereinafter the "Corporate Officer").
3.
The making, signing, sealing and
						  delivery of this Deed have been
duly authorized by a proper resolution of the Board of
						  Directors of
the Corporation.
4.
The Witness knows the corporate seal
						  affixed to this Deed is the
corporate seal of the Corporation. The Corporate Officer
						  affixed
the seal to this Deed. The Corporate Officer signed and
						  delivered
this Deed as and for the voluntary act and deed of the
						  Corporation.
All this was done in the presence of the Witness who signed
						  this
Deed as attesting witness. The Witness signs this proof to
						  attest
to the truth of these facts.
The Witness also acknowledges that the full and actual
				  consideration paid or to be paid for the transfer of title to realty evidenced by
				  this Deed, as such consideration is defined in P.L. 1968, c. 49, sec. 1(c), is $
				  .......
Sworn and signed before me on the date above written:
.......................................
Witness: Sign above and print or type
name below
.............................................................................
Officer's signature: Sign above, and print stamp or type
						  name below