Secured Debt Shall With A Sinking Fund In Pima
State:
Multi-State
County:
Pima
Control #:
US-00181
Format:
Word;
Rich Text
Instant download
Description
The form titled "Land Deed of Trust" establishes a secured debt arrangement with a sinking fund in Pima. This legal document outlines the obligations of the debtor, who pledges property as collateral for the repayment of a promissory note to the secured party. Key features include clear conditions for repayment, procedures for default, and provisions for additional financing secured by the property. It emphasizes the trustee's role in managing the property and the rights of the secured party in the case of default, including the ability to sell the property to satisfy the debt. Filling and editing instructions advise users on correctly detailing the identities of the parties and the property involved. The form serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured approach to creating a legally binding agreement securing debts, protecting future advances, and ensuring compliance with financial obligations. Specific use cases include financing transactions, securing loans, and reinforcing compliance with future monetary obligations.
Free preview
Form popularity
FAQ
Sinking funds are in 'trust' for the scheme and should not be returned to lessees upon assignment, or at any time. Interest earned on funds should be added to the funds unless the lease states otherwise. If funds are held in 'trust' then a tax will be charged on the interest earned.
