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An assignment of deed of trust under California law. This Standard Document can be used to assign and transfer the beneficial interest under a California deed of trust from one lender to another lender.
A legal document (which may be a deed or other instrument) that creates a trust. The trust document appoints the trustees and states the terms of the trust, including who the beneficiaries are and the trust property that will be subject to the trust.
This clause entitles the lender to collect rents from the mortgaged premises in the event of default by the borrower. This clause provides that during such default, all rents and incomes from the secured property will be paid to the lender to help reduce the outstanding loan balance.
TR. Trust. Governmental » Law & Legal. Rate it: Tr.
A "Short Form Deed of Trust" is a document that is used to secure a promissory note by using real estate as collateral.
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People also ask

There are a number of advantages to trust deeds. First, you don't have to deal with your creditors and they will no longer be able to contact you to try to recover their money. The debt also becomes more manageable as you make only one monthly payment, which is affordable and frozen.
The assignment of rents means that if the borrower defaults on the loan, the lender can step in and collect the rents directly from the tenants.
A deed of trust with assignment of rents acts as extra security for the lender. It gives the lender the right to collect any rents that the property generates if you don't make your loan payments.
An \u201cassignment of rents\u201d allows the lender to collect the rent payments, if the borrower defaults on their loan payments.
An assignment of trust deed is a document that lenders use when they sell loans secured by trust deeds. While they can freely sell the promissory notes between themselves, the trust deeds that give them the right to foreclose have to be assigned with a legal document.

short form deed of trust california