there are three parties in a trust deed in which the grantor/borrower (conveys an interest in real property to a trustee in trust to secure the performance of an obligation the grantor or other person named in the deed owes to a beneficiary.) ( ors 86.705(4)) (“beneficiary”)/ lender (means a person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or the person’s successor in interest, and who is not the trustee unless the beneficiary is qualified to be a trustee under ors 86.713) ( ors 86.705(2)) (“trustee” means a person, other than the beneficiary, to whom a trust deed conveys an interest in real property, or the person’s successor in interest, or an employee of the beneficiary, if the employee is qualified to be a trustee under ors 86.713) ( ors 86.705(9)) the guidelines provided explain how to easily choose a trustee. use these forms for residential property, rental property (up to 4 units), vacant land, condominiums, and planned unit developments. for use in oregon only.