Michigan Laws > Chapter 565 > Act 187 of 1881 – Form of Deeds, Mortgages, and Acknowledgments


§ 565.151	Form; warranty deed
§ 565.152	Form; quit claim deed
§ 565.153	Estates; word of creation
§ 565.154	Mortgage; wording; validity and enforceability

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Terms Used In Michigan Laws > Chapter 565 > Act 187 of 1881 - Form of Deeds, Mortgages, and Acknowledgments

Deed: The legal instrument used to transfer title in real property from one person to another.
Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
grantee: may be construed as including every person to whom any such interest or estate passes in like manner. See Michigan Laws 8.3e
Grantor: The person who establishes a trust and places property into it.
grantor: may be construed as including every person from or by whom any estate in lands passes in or by any deed. See Michigan Laws 8.3e
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.