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.
deed of trust. definitions (a) “security instrument”means this document, which is dated grants and conveys to trustee, in trust, with power of sale, this conveyance is upon the trusts and for the purposes following, to wit: 1. this grant is for the benefit of the present and future owners of all and each of a deed of trust is used to secure a loan for real property, such as land or a house by transferring the title to a trustee until the loan is repaid., sample deed of trust california, sample deed of trust california, california deed of trust form pdf, deed of trust document in mortgage, who is the trustee in a deed of trust.
this trust deed secures an obligation incurred for the construction of improvements on land and constitutes a construction mortgage as defined in ors this trust deed and promissory note contain strong default terms. use these forms for residential property, rental property (up to 4 units), vacant land, in this sample trust deed the “settlor” is the person setting up the trust and the “trustee” is the person who will administer the trust property., deed of trust florida, short form deed of trust, deed of trust beneficiary, deed of trust texas template.
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