Deed Of Trust And Assignment Of Rents Form - Jetclosing printable pdf download

RECORDING REQUESTED BY

WHEN RECORDED MAIL TO

SPACE ABOVE THIS LINE IS FOR RECORDER’S USE

DEED OF TRUST AND ASSIGNMENT OF RENTS

This Deed of Trust, made this

day of

, between

, herein called Trustor, whose mailing address is

, Old Republic Title Insurance Agency, Inc., an Arizona corporation, herein called Trustee, whose mailing

address is 2375 E. Camelback Road, Suite 380, Phoenix, AZ 85016, and

, herein called Beneficiary, whose

mailing address is

WITNESSETH: That Trustor conveys, transfers and assigns to Trustee in Trust, with Power of Sale, the following real

property situated in

County, Arizona:

See "Exhibit A" attached hereto and made a part hereof.

Together with all buildings, improvements, and fixtures thereon.

This Deed of Trust, made on the above date between the Trustor, Trustee, and Beneficiary above named,

WITNESSETH: That Trustor irrevocably grants and conveys to Trustee in Trust, with Power of Sale, the above

described real property, together with leases, rents, issues, profits, or income thereof, (all of which are hereinafter

called “property income”): SUBJECT HOWEVER, to the right, power, and authority hereinafter given to and conferred

upon Beneficiary to collect and apply such property income; AND SUBJECT TO existing taxes, assessments, liens

encumbrances, covenants, conditions, restrictions, rights of way, and easements of record.

FOR THE PURPOSE OF SECURING:

1. Performance of each agreement of Trustor herein contained. 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 further sums as the then record owner of said property

hereafter may borrow from Beneficiary, when evidenced by another note (or notes) reciting it is so secured.

TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES:

(1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete

or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or

destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor; to comply

with all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit

or permit waste thereof; not to commit; suffer or permit any act upon said property in violation of law; and to do all

other acts which from the character or use of said property may be reasonably necessary, the specific enumerations

herein not excluding the general.

(2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary.

The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness

Deed of Trust and Assignment of Rents

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Deed Of Trust And Assignment Of Rents Form - Jetclosing