Compromise as to title to real property.

_________ and _________ each claim to own a certain plantation situated in _________ described as _________, containing _________ acres more or less and commonly known as _________, and comprising the same property acquired by _________ from _________, and subsequently acquired at sheriff's sale by the grantor, all under deeds of record in the conveyance records of that county and state, which deeds by reference are adopted and made part of this act for greater certainty of description.

After a full, fair and free discussion of the subject matter, _________ and _________, each acting on the advice of counsel, have concluded that their best interest will be served by compromising their respective claims to the plantation and the rents and revenues arising from it for the purpose of preventing litigation.

In consideration of the premises the grantor and grantee have agreed to compromise and settle all of their differences in regard to the ownership of the plantation, and in regard to all rents and revenues arising from it as well as all expenses incurred in improving and clearing the lands, as follows:

The grantor and grantee each recognize the other as the legal and bona fide owner of an undivided one-half interest in the lands, together with all buildings and improvements situated on them, and all appurtenances belonging to them, including the revenues of the current year, _________[year], provided there shall be deducted from those revenues the taxes for the year, and the costs of such improvements as have been placed on the plantation during the year, and the revenues shall be divided between grantor and grantee equally.

It is further agreed and understood that this compromise settlement also includes all claims and counterclaims which the grantor and grantee may have or claim to have against each other in connection with the plantation and operation of same since the purchase to _________[date].

The true intent, and purpose being that this compromise settlement shall be a full and complete compromise settlement not only of the ownership of the plantation but also of all claims and counterclaims which the grantor and grantee may have against each other or may think they have against each other, arising from the operation of the plantation and rents and revenues from it since it was acquired.