1. (a) A conveyance of land that is:

   1. (1) worded in substance as "A.B. conveys and warrants to C.D." (insert a description of the premises) "for the sum of" (insert the consideration); and

   2. (2) dated and signed, sealed, and acknowledged by the grantor;

      is a conveyance in fee simple to the grantee and the grantee's heirs and assigns with a covenant as described in subsection (b).

2. (b) A conveyance in fee simple under subsection (a) includes a covenant from the grantor for the grantor and the grantor's heirs and personal representatives that the grantor:

   1. (1) is lawfully seized of the premises;
   2. (2) has good right to convey the premises;
   3. (3) guarantees the quiet possession of the premises;
   4. (4) guarantees that the premises are free from all encumbrances; and

   5. (5) will warrant and defend the title to the premises against all lawful claims.

      [Pre-2002 Recodification Citation: 32-1-2-12.]

As added by P.L.2-2002, SEC.2.