Secured Debt Any For Loan In Travis
State:
Multi-State
County:
Travis
Control #:
US-00181
Format:
Word;
Rich Text
Instant download
Description
The Land Deed of Trust is a legal form that serves as a security instrument for loans in Travis County. It is utilized when a Debtor conveys property to a Trustee on behalf of a Secured Party to secure repayment of a loan or other indebtedness. Key features include the ability to secure not only the principal loan but any future advances, stipulations for insurance and property maintenance, and the rights of the Secured Party in the event of default. Users must fill in the details of the Debtor, Trustee, Secured Party, loan amount, repayment terms, and property description. The form is particularly useful for attorneys, partners, and legal assistants who facilitate loan agreements, as well as for paralegals and associates in managing property transactions. It highlights obligations such as maintaining insurance on the property and timely payment of taxes. The instructions emphasize the importance of supervision during the filling process and clarity on what constitutes a default.
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