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Memorandum of Agreement: Download With Free Trial
Memorandum of Agreement: Download With Free Trial
KNOW ALL MEN BY THESE PRESENTS:This Memorandum of Agreement made and entered into by and between:
_____________
_____________
, the FIRST PARTY is the true and registered owner of a certain parcel of land, more particularly described as
follows:(Technical Description of Property)
WHEREAS
, the SECOND PARTY is the true and registered owner of a certain parcel of land, more particularly described as
follows:(Technical Description of Property)
WHEREAS
, the above-described parcel of land belonging to the SECONDPARTY is surrounded by other parcels of land, including
that belonging to the FIRSTPARTY, and has no adequate outlet to a public highway;
WHEREAS
, the SECOND PARTY had asked for a right of way passingtraversing to the above-described parcel of land belonging to
the FIRST PARTY, andthe FIRST PARTY is willing and able to provide and grant a perpetual easement of right-of-way in
favor of the SECOND PARTY on the road described and marked in theLot Plan herein described and hereto attached as
Annex "A" subject to the terms andconditions herein agreed upon.
NOW, THEREFORE
, for and in consideration of the sum of __________________________ (P _____________ ), the receipt of which is
herebyacknowledged by the FIRST PARTY to his full and complete satisfaction, the FIRSTPARTY, for itself and in behalf
of heirs, assigns, and successor-in-interests, by these presents, hereby grants unto and in favor of the SECOND
PARTY, his heirs, assigns,