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FOR THE PURPOSE OF SECURING 1. Performance of each agreement of Trustor incorporated by reference or contained herein* 2. Payment of the indebtedness evidenced by one promissory note of even date herewith and any extension or renewal thereof in the principal sum of executed by Trustor in favor of Beneficiary or order. 3. Payment of such additional sums as may hereafter be borrowed from beneficiary by the then record owner of said property when evidenced by another promissory note or notes recit ...

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Is there another name for deed of trust?

A deed of trust, also called a trust deed or a Potomac Mortgage, is used in some states in place of a mortgage, a transfer of interest in land by a mortgagor-borrower to a mortgagee-lender to secure the payment of the borrower's debt.

What is a Short Form deed of trust and Assignment of Rents?

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.

What is a long form deed of trust?

California Long Form Deed of Trust Information A deed of trust (DOT), also known as a trust deed, is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender according to terms defined in the promissory note.

What is a deed of trust CA?

A California deed of trust is a deed used in connection with a mortgage loan. It is the deed that shows that the lender has an interest in the property while the landowner is paying the mortgage.