Products tagged with 'deed of trust form'
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Maryland Deed of Trust
Transfer a Maryland real estate property from a seller to a trustee with this downloadable Deed of Trust form.
- Maryland is a "Deed of Trust state" and typically, a Deed of Trust is used instead of a mortgage loan to finance the purchase of real estate.
- Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure that the purchaser makes the loan payments on time and honors its obligations under the loan.
- If the purchaser defaults, the balance of the loan becomes immediately payable and the trustee may sell the property to satisfy the debt.
- 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.
- Available in MS Word format.
- Intended to be used only in the State of Maryland.
$17.99
New Mexico Deed of Trust
Prepare a Deed of Trust for a New Mexico real estate purchase with this downloadable template form.
- A Deed of Trust is used in place of a mortgage as security to repay a purchase loan for real property (except for agricultural farm land).
- The title deed is conveyed by the purchaser (borrower) to a trustee, who holds it on behalf of the lender to secure the borrower's repayment of the debt under the promissory note and performance of the borrower's obligations under the Deed of Trust.
- If the borrower defaults, the balance becomes due and payable and the lender may foreclose and cause the trustee to sell the property.
- The Deed of Trust includes standard covenants as required under federal laws.
- The redemption period after judicial or non-judicial sale of the property is set at one month.
- If the borrower is in default, the lender has the right to appoint a receiver over the property.
- Available in MS Word format.
- Intended to be used only in the State of New Mexico.
$17.99
Texas Release of Deed of Trust
Record this Release of Deed of Trust with the County Recorder to discharge a mortgage lien from property in the State of Texas.
- This form contains clauses for both a full release and a partial release, and can be used for either.
- This is a reusable legal form template. Once you download it, you can use it as often as you require.
- This Texas Release of Deed of Trust form is available in MS Word format. We can convert it to another format upon request.
$5.99
Virginia Fixed Rate Note
This template is a fixed rate Promissory Note signed by a borrower in connection with a loan secured by the borrower's property. The form is for loans in Virginia.
- In addition to the Note, the borrower will execute a Deed of Trust, transferring the title deed to a trustee until the loan is repaid.
- The borrower will make monthly payments on the outstanding balance of the loan.
- If the borrower defaults in making the payments, the note holder has the right to accelerate the loan and demand repayment of the entire loan balance in 30 days.
- The borrower also promises to pay the note holder's costs in enforcing the Note, including reasonable attorneys' fees.
- The Virginia Fixed Rate Note is prepared in plain language so it is easy to understand.
$6.29
Alberta Insurance Trust Deed
Establish an insurance trust to direct how and when your life insurance proceeds are distributed with this template Insurance Trust Deed for Alberta residents.
- The trust being formed under the indenture is an irrevocable trust.
- It is the intention of the settlor of the trust that the provisions of the trust indenture, and not the provisions of s. 34 or s. 35 of the Trustee Act (Alberta) govern the manner in which the trustee will administer and dispose of the trust property.
- The trustee may designate that income of the trust will include life insurance benefits, cash surrender value of life insurance policies, life insurance premium refunds, proceeds from life insurance policy loans, capital gains, any other receipts considered income under the Income Tax Act, but will exclude non-taxable dividends.
- The trustee has full discretion as to the division and distribution of the trust property.
- The trust property will not form part of the family property for purposes of the Matrimonial Property Act (Alberta).
- The settlor cannot be added as a beneficiary and cannot be appointed as a trustee.
- The settlor has no authority or power under the indenture and will not receive any benefits of any kind from the trust.
- The settlor cannot direct that any trust property be transferred to any person or persons.
- The settlor conveys the trust property to the trustee on the express understanding that ss. 75(2) and 107(4.1) of the Income Tax Act do not apply to the conveyance.
- No beneficiary who is a "designated person" under s. 74.5(5) of the Income Tax Act may receive or use income or capital of the trust while being a designated person.
- Available in MS Word format.
- Intended to be used only in the Province of Alberta, Canada.
$54.99
Charitable Remainder Trust | Canada
Prepare a charitable remainder trust with this downloadable template for Canadian residents.
- A charitable remainder trust allows the donor to retain a life interest in property transferred into the trust but makes an irrevocable gift of the residual interest to a registered charity. The charity then issues a donation receipt for the fair market value of the residual interest in the property at the time that the residual interest vests in the charity.
- The tax credit can be carried forward in whole or in part for up to five years.
- All capital gains are allocated to the capital beneficiary, i.e. the charity, which is tax-exempt.
- The net income of the trust is paid to the income beneficiary (the settlor and their spouse, and/or whoever else the settlor may designate in the trust).
- Trust expenses are paid from the trust income.
- This is an irrevocable trust.
- The template is available in MS Word format and is fully customizable.
- Governed by Canadian tax laws and intended to be used only in Canada.
$29.99
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