INDEMNITY. Rent-Charge (demise). Rider A. Variation to the next preceding Precedent (see ante, p. 580, n. (1), when conciseness is required. UPON TRUST and to the intent that the hereditaments comprised in the Rider B. Variation in the preceding Precedent (see ante, p. 579, n. (2.)) where the Fee is conveyed as an Indemnity. TO HAVE and to hold the several capital and other messuages, lands, tenements, and all other the hereditaments and premises hereby released or intended so to be, and every part thereof unto the said (purchaser or other grantee of the premises), his heirs and assigns, to the only use and behoof of him the said (purchaser, &c.) his heirs and assigns, for ever, but by way of indemnity only and as a protection and security to him and them from or against or in respect of any judgment debts entered of record against the said (vendor or other grantor of the premises), or any other charges or incumbrances now affecting the said hereditaments, and all actions, suits, extents, executions, costs, charges, damages, expenses, claims and demands whatsoever, for or on account of such judgments, charges or incumbrances or any of them. AND, &c. [add powers of sale, &c. (1)]. AND as to the same hereditaments, (subject to the trusts and purposes aforesaid,) or such of them as shall remain after answering the same, and also the residue or surplus of the monies arising from any sale, mortgage or other disposition thereof as aforesaid, after the said purposes shall be fully satisfied (and in the mean time subject thereto), IN TRUST for the said (vendor, &c.) his heirs and assigns [or to uses to bar dower, if so wished] to such other uses upon and for such trusts, interests and purposes, and with, under and subject to such powers, provisoes and declarations as the said (purchaser, &c.) by any deed or deeds, writing or writings, with or without power of revocation, to be by him sealed and delivered in the presence of and attested by two or more witnesses, shall from time to time direct, limit or appoint; and in the mean time and until and also in default of any such direction, limitation or appointment, and so far as the same, if incomplete, shall not extend, to the use of the said (purchaser, &c.) and his assigns during the term of his life, without impeachment of waste, and after the determination of that estate by any means in INDEMNITY. Rent-Charge (demise). (1) See ante, p. 580. Power of sale. INDEMNITY. Rent-Charge (demise). lease or sell. his lifetime, TO THE USE of the said (trustee) and his heirs [or executors and administrators] during the life of the said (purchaser, &c.), IN TRUST nevertheless for him the said (purchaser, &c.) and his assigns, and from and after the determination of the estate so hereby limited in use to the said (trustee) as aforesaid, to the use and behoof of him the said (purchaser, &c.) his heirs and assigns, for ever. AND, &c. [covenants for title, &c.](1). Owner's right to PROVIDED ALWAYS and it is hereby declared and agreed by and between the parties hereto, that nothing herein contained shall prevent or impede the said (vendor, &c.), his heirs or assigns, in or from granting or demising for any term or number of years or for any life or lives, and either with or without any fine, premium or foregift, or other consideration, or in or from contracting for the sale or mortgage of all or any part of the messuages, lands, and hereditaments hereinbefore limited in use to the said (purchaser, &c.) in trust and for such indemnity as aforesaid, or in or from selling timber or opening and working mines, pits or quarries, and disposing of the same or the produce thereof or any part thereof, or in or from raising any sum or sums of money by any other ways or means whatsoever, upon or by means of the same messuages, lands and hereditaments, or any part thereof, so as that the money to be raised or obtained by any of the said means be applied in or towards paying and satisfying such judgments, debts of record or other charges, or incumbrances which shall then affect the said hereditaments or any part thereof AND the said (purchaser, &c.) for himself, his heirs, executors and administrators, doth hereby covenant, declare and agree with and to him the said (vendor, &c ) his heirs and assigns, that he the said (purchaser, &c.) his heirs and assigns, shall and will from time to time when he or they shall be thereunto required, join and concur in any act, deed, matter or thing which shall or may be, or by counsel in the law be deemed necessary for enabling him the said (vendor, &c.) his heirs or assigns, to effect or perfect any of the ends or purposes last aforesaid. AND also at the costs and charges in all things of him the said (vendor, &c.) his heirs or assigns, when and as often as any such judgment, debt, charge or incumbrance as aforesaid, shall be paid and satisfied or otherwise released or vacated, shall and will convey and assure unto him or them, or as he or they shall direct or appoint, so much of the said messuages, lands and hereditaments as shall be of equal value with any such judgment debt, or other charge or incumbrance, as shall be so paid, satisfied, released or vacated. IN WITNESS, &c. Covenant by purchaser to concur in sales, &c. Covenants. (1) See ante, p. 267. 583. No. CCCLXXI. *A Grant of a perpetual Rent-Charge or Fee-farm Rent out of Premises to Indemnify other Premises conveyed to a Purchaser or Mortgagee against a like Rent-Charge issuing thereout. INDEMNITY. Rent-Charge. THIS INDENTURE made the day of in the year, &c. and in the year of our Lord 18 BETWEEN the (grantor) of, &c. of the first part, (the purchaser or mortgagee) of, &c. of the second part, (trustee of the rent-charge) of, &c. of the third part, and (trustee of a term to be created) of, &c. of the fourth part. WHEREAS, &c. [recite the conveyance to the purchaser or mortgagee of the premises to be indemnified and of their being subject to the rent-charge.] AND WHEREAS previously to the execution of the said conveyance, it was agreed that the said (grantee) should be indemnified against the payment of the said yearly rent-charge of £ , by the grant of a like yearly rentcharge of £ to be issuing out of the hereditaments hereinafter described. Now THIS INDENTURE WITNESSETH, that for the considerations in the said in part recited indenture expressed, [and also for and in consideration of the sum of 10s. of lawful English money, to the said (grantor) in hand paid by the said (grantee) at or before the execution of these presents, the receipt whereof is hereby acknowledged, &c.] he the said (grantor) at the request and by the direction of the said (grantee), testified by his being a party and executing these presents, HATH given and granted, and by these presents DOTH give and grant unto the said (rent-trustee), his heirs and assigns, one perpetual annuity, yearly rent-charge, or annual sum of £ of lawful current money of the United Kingdom of Great Britain and Ireland, to be issuing, growing, payable, had, received and taken by and out of ALL that, &c. and by and out of all houses, out-houses, gardens or orchards, ways, waters, easements, profits, commons, commodities, advowsons, emoluments and appurtenants whatsoever to the said messuages, lands and hereditaments belonging or in anywise ap WITNESS. Grantor of the premises grants a rent-charge out of other premises. INDEMNITY. Rent-Charge. TO HOLD to the trustee in fee. FURTHER WITNESS. Grantor de mises the preraises to another trustee. pertaining. TO HAVE AND TO HOLD, receive, perceive, take and enjoy day of and the day of the day of year, by even and equal portions, without any deduction or abatement out of the same, for or by reason of any present or future taxes, charges, assessments, payments or other matter, cause or things whatsoever. AND THIS INDENTURE FURTHER WITNESSETH, &c. [demise of premises for a term to another trustee (1),] but nevertheless upon and for the trusts, intents and purposes, and subject to the provisoes and agreements hereinafter contained concerning the same. PROVIDED ALWAYS, and it is hereby declared and agreed by and between the said parties to these presents, that the grant hereinbefore made to the said (term-trustee), his heirs and assigns, of the said yearly rent-charge, or sum of £ hereby granted, and the said ( (1) See ante, p. 578. |