(a)Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with
respect to real property authorizes the agent to:
(i)Demand, buy, lease, receive, accept as a gift or
as security for an extension of credit or otherwise acquire or
reject an interest in real property or a right incident to real
property;
(ii)Sell, exchange, quitclaim, release, surrender,
retain title for security, encumber, partition, consent to
partitioning, subject to an easement or covenant, subdivide,
apply for zoning or other governmental permits, plat or consent
to platting, develop, grant an option concerning, lease,
sublease, contribute to an entity in exchange for an interest in
that entity, convey with or without covenants, representations
or warranties, or othe
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(a) Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with
respect to real property authorizes the agent to:
(i) Demand, buy, lease, receive, accept as a gift or
as security for an extension of credit or otherwise acquire or
reject an interest in real property or a right incident to real
property;
(ii) Sell, exchange, quitclaim, release, surrender,
retain title for security, encumber, partition, consent to
partitioning, subject to an easement or covenant, subdivide,
apply for zoning or other governmental permits, plat or consent
to platting, develop, grant an option concerning, lease,
sublease, contribute to an entity in exchange for an interest in
that entity, convey with or without covenants, representations
or warranties, or otherwise grant or dispose of an interest in
real property or a right incident to real property;
(iii) Pledge or mortgage an interest in real property
or right incident to real property as security to borrow money
or pay, renew or extend the time of payment of a debt of the
principal or a debt guaranteed by the principal;
(iv) Release, assign, satisfy or enforce by
litigation or otherwise a mortgage, deed of trust, conditional
sale contract, encumbrance, lien or other claim to real property
which exists or is asserted;
(v) Manage or conserve an interest in real property
or a right incident to real property owned or claimed to be
owned by the principal, including:
(A) Insuring against liability, casualty or
other loss;
(B) Obtaining or regaining possession of or
protecting the interest or right by litigation or otherwise;
(C) Paying, assessing, compromising or
contesting taxes or assessments or applying for and receiving
refunds in connection with taxes or assessments;
(D) Purchasing supplies, hiring assistance or
labor and making repairs or alterations to the real property.
(vi) Use, develop, alter, replace, remove, erect or
install structures or other improvements upon real property in
or incident to which the principal has, or claims to have, an
interest or right;
(vii) Participate in a reorganization with respect to
real property or an entity that owns an interest in or right
incident to real property and receive, hold and act with respect
to stocks and bonds or other property received in a plan of
reorganization, including:
(A) Selling or otherwise disposing of the stocks
and bonds or other property;
(B) Exercising or selling an option, right of
conversion or similar right with respect to the stocks and bonds
or other property;
(C) Exercising any voting rights in person or by
proxy.
(viii) Change the form of title of an interest in or
right incident to real property;
(ix) Dedicate to public use, with or without
consideration, easements or other real property in which the
principal has or claims to have an interest.