A deed in substance following the form entitled “special warranty deed” shall, when duly executed, have the force and effect of a deed in fee simple to the grantee, his heirs and assigns, to his and their own use, with covenants on the part of the grantor, for himself, his heirs, executors, administrators, and successors, with the grantee, his heirs, successors and assigns as specified in the definition of “special warranty covenants” in Section 11 [47-1-38 N.M. Stat. Ann.] of this act.