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In this tutorial on the deed of trust, it is described as a security instrument between the borrower and lender, detailing the borrower's obligations, such as making payments, maintaining the property, and keeping insurance. If these obligations are not met, the lender may accelerate or foreclose on the loan. The presentation uses a Texas deed of trust as an example, highlighting its complexity but reassuring viewers. Key elements included are the date, the names of the borrowers, the original lender, and the beneficiary. Additionally, it notes the role of the trustee, who is responsible for foreclosing if the borrower defaults on payments.