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Deed To Interest In Well
WHEREAS, [Name], herein referred to as well Owner, is the owner of the following described real property:
(See Attched Exhibit Marked as "A")
which is improved by a well;
[Name], herein referred to as Grantee is the owner of the following described real property:
(see exhibit 2)
and well Owner desires to grant to Grantee an undivided half interest in the well, in consideration of the mutual covenants herein, it is therefore agreed:
The well Owner grants to Grantee an undivided half interest in the well located on its property at:
together with the equipment related to and necessary for the operation of the well and storage of water.
This conveyance is made on the condition that the Grantee and Grantee's heirs and assigns pay one-half of all expenses which are necessarily incurred to maintain and use the well, and the accessories and equipment related to and necessary for the operation of the well and storage of water.
In addition, Grantee and Grantee's heirs and assigns shall maintain any pipes and other necessary equipment required to move the water to the Grantee's property in good repair.
By this conveyance Owner does not guarantee any particular amount or quality of water.
This Section for Notary:
State of _________
County of ________ [County]
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____