(1) Every conveyance
shall be effectual to pass all the estate, right, title, interest, claim and
demand which the conveying parties respectively have, in, to, or on the
property conveyed, or expressed or intended so to be, or which they
respectively have power to convey in, to, or on the same.
(2) This section shall
apply only if and as far as a contrary intention is not expressed in the
conveyance, and shall have effect subject to the terms of the conveyance and
to the provisions therein contained.