Long Form All-Inclusive Deed Of Trust And Assignment Of Rents - State Of California printable pdf download

! !

RECORDING REQUESTED BY

! !

AND WHEN RECORDED MAIL TO

NAME

ADDRESS

CITY

STATE & ZIP

TITLE ORDER NO.______________________

ESCROW NO._____________________

APN NO. _______________________________________

_________________________________________________________________________________________________

LONG FORM ALL-INCLUSIVE DEED OF TRUST

AND ASSIGNMENT OF RENTS

This All-Inclusive Deed of Trust, made this __________ day of, ______________________________________________ between

__________________________________________________________________________________________________________,

herein called Trustor, whose address is ___________________________________________________________________________

New Era Escrow, Inc., herein called Trustee, and ____________________________________________________

___________________________________________________________________________________________________________

______________________________________________________________________________________ herein called Beneficiary.

Witnesseth: That Trustor irrevocably Grants, Transfers and Assigns to Trustee in Trust, with Power of Sale, that property in _______

________________________________________________________________________________ County, California described as:

! !

TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority hereinafter given to and conferred upon

Beneficiary to collect and apply such rents, issues and profits.

For the Purpose of Securing:

Performance of each agreement of Trustor herein contained.

Payment of the indebtedness evidenced by one all-inclusive

purchase money 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.

Underlying Obligations:

This is an all inclusive purchase money deed of trust, securing on all-inclusive purchase money promissory note in the original principal

a m o u n t

o f

_________________________________________________________________________________________________________________________

_ Dollars ($_________________) (the "Note") which includes within such amount the unpaid balance of the following:

(a) A promissory note in the original principal sum of ____________________________________________________________________

D o l l a r s

( $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ )

i n

f a v o r

o f

______________________________________________________________________________________________ as Payee, secured by a deed of

trust recorded ____________________________________, as Document No. _____________ , in Book ___________________, Page ___________,

Official Records of _____________________________ County, California, and

(b) A promissory note in the original principal sum of ____________________________________________________________________

D o l l a r s

( $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ )

i n

f a v o r

o f

______________________________________________________________________________________________ as Payee, secured by a deed of

trust recorded ___________________________________, as Document No. _____________ , in Book ___________________, Page ___________,

Official Records of _____________________________ County, California.

! !

(The Promissory Notes secured by such deeds of trust are hereinafter called the "Underlying Notes").

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; to cultivate, irrigate, fertilize, fumigate, prune and 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, vandalism and malicious mischief 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 secured hereby and in such order as Beneficiary may

determine, or at option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor.

Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. The provisions

hereof are subject to the mutual agreements of the parties as below set forth.