Nebraska Deed of Trust

Transfer title of a Nebraska property from a seller to a trustee with this Nebraska Deed of Trust.

• A Deed of Trust is often used instead of a mortgage in the sale and purchase of real property other than agricultural farm land.
• Under the Deed of Trust, title is conveyed by the seller to a trustee instead of to the purchaser. Title to the property is held as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the purchaser defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The lender has the right to remove the original trustee and appoint a successor trustee at any time, at its option.

This Nebraska Deed of Trust form is provided in MS Word format, and is fully editable to meet your needs.