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In this tutorial on the deed of trust, we explore its role as a security instrument between the borrower and lender. It details the borrower's obligations, such as making payments, maintaining the property, and obtaining insurance. If these obligations are not met, the lender can take actions like acceleration or foreclosure. The presentation includes a Texas deed of trust example, emphasizing its complexity due to length but focuses on the key components: the date, borrowers, original lender and beneficiary, and the trustee. The trustee plays a crucial role in foreclosure if payments are not made.
