US Legal Forms
Change or Modification Agreement of Deed of Trust

Deed Of Trust Records With Assignment Of Rents In Bexar

Q: How to look up sid number bexar county?

Find a Inmate&#039;s SID (System Identification Number) Visit the Magistrate&#039;s Office Search Website. Call Central Filing at 210-335-2238 (Misdemeanor Records) Call District Clerk at 210-335-2591(Felony Records)

Q: How do I look up a deed in Texas?

Once a deed has been recorded by the County Clerk&#039;s Office, copies of the deed may be requested if the original deed has been misplaced. Plain copies can be found by using the Official Public Records Search and selecting &quot;Land Records&quot;. A certified copy may be purchased through request either in person or by mail.

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Bexar

Control #:

US-00183

Format:

Instant download

Description

The Deed of Trust records with assignment of rents in Bexar serves as a legal instrument that modifies an existing mortgage or deed of trust to secure a debt. This Modification Agreement is effective as of a specific date and involves the Borrower, Co-grantor, and Lender. Key features include the renewal and extension of the lien securing the debt, the amendment of the original Security Instrument, and detailed Note payment terms outlining the borrower’s obligations. Filling instructions indicate that both Borrowers and any Co-grantors must present necessary identification and sign for notary acknowledgment. This form is utilized primarily for debt restructuring or modification and is relevant to attorneys, partners, owners, associates, paralegals, and legal assistants who may need to manage or assist in financial transactions regarding real estate. The clear outlines of borrower rights and liabilities, alongside the roles of co-grantors, ensure that all parties understand their commitments. It facilitates the legal documentation necessary for proper adherence to established financial agreements, promoting transparency and accountability.

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FAQ

You may contact the Bexar County Clerk regarding property information by calling (210) 335-2216. The County Clerk is located at 100 Dolorosa Suite 104 San Antonio, Texas 78205 and is operated Monday through Friday from am to pm. This division handles: Real Property/Land Records.

Real Property/Land Records The records to which access is not otherwise restricted by law or by court order are made available through our Public Records Search.

Find a Inmate's SID (System Identification Number) Visit the Magistrate's Office Search Website. Call Central Filing at 210-335-2238 (Misdemeanor Records) Call District Clerk at 210-335-2591(Felony Records)

An assignment in a deed of trust is a legal transfer of the lender's interest in the security instrument (the deed of trust) to a new party (the assignee). The assignor (current lender) transfers all rights, title, and interest in the deed of trust to the assignee, who becomes the new lender of record.

Once a deed has been recorded by the County Clerk's Office, copies of the deed may be requested if the original deed has been misplaced. Plain copies can be found by using the Official Public Records Search and selecting "Land Records". A certified copy may be purchased through request either in person or by mail.

ASSIGNMENT OF RENTS - Trustor hereby assigns and transfers to Beneficiary all right, title and interest in rents generated by the property, including rents now due, past due, or to become due under any use of the property, to be applied to the obligations secured by this Deed of Trust.

In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed. In Texas, the property is legally transferred when the grantee accepts the signed deed.

Final answer: The assignment of rents clause primarily benefits the lender or financier in a mortgage arrangement. However, in some situations, tenants can indirectly benefit from the clause by ensuring continuation of essential services.

This assignment allows the new lender to enforce the terms of the deed of trust, collect payments, and take action in case of default. Recording this assignment in the county records where the property is located is crucial to maintain a clear chain of title and ensure the enforceability of the deed of trust.