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deed of trust- a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note trust deed legal document,legal instrument,official document,instrument- (law) a document that states some contractual relationship or grants some right...
a deed in one part and signed only by the grantor. The ‘poll’ part refers to the fact that originally the edges of the deed were shaven, or ‘polled’. The phrase is seen mostly in the expression ‘change one's name by deed poll’, which refers to a declaration needed in England...
constitutes or is equivalent to a first lien or encumbrance on the Property, subject only to the Permitted Encumbrances, and b. will allow the Person secured thereby, directly or by a trustee or other Person, to foreclose on the Property (by power-of-sale, judicially or otherwise) upon ...
A tax deed sale is another general exception. When a unit is sold to satisfy unpaid taxes, all other interests in the unit are generally terminated. Therefore, if the association has unpaid assessments due from the unit and the unit is sold for unpaid taxes, the new owner will not owe th...
EXHIBIT 10.17.4.3 DEED TO SECURE DEBT AND SECURITY AGREEMENT THIS DEED TO SECURE DEBT AND SECURITY AGREEMENT (the "Security Deed"), executed this 14th day of August 1996, by ROBERTS PROPERTIES...
including the declaration of trust, the Schedules and the Appendices, as amended from time to time; (21) "Deficiency": (a) in relation to Part A of the Fund is the relevant portion of the total value of all of the assets of the Fund relevant in full or in part to Part A of the...
such as easements. A county recorder’s office may alsorequire that a property deed containan assessor’s parcel number (APN); a documentary transfer tax declaration; a “when recorded mail to” address; a mailing address for future tax statements; and the name of the city where the propert...
(often a title company or trust) that holds the property as security for the borrower's loan. If the borrower defaults on the loan, the trust has the right to sell the property at a foreclosure sale auction to pay off the loan. If payment of the loan is made in full, the borrower ...