This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Deed Of Trust Records With Assignment Of Rents In Palm Beach
State:
Multi-State
County:
Palm Beach
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
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.
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.
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.
Most documents can be processed using eRecording. The most commonly eRecorded documents are deeds, mortgages, assignment of mortgages and satisfaction of mortgages. However, certain document types cannot be eRecorded.
Same Day Recording Main Courthouse. Recording Department. 205 N. Dixie Highway, Room 4.2500. West Palm Beach, FL 33401. South County Courthouse. 200 W. Atlantic Ave. Delray Beach. North County Courthouse. 3188 PGA Blvd. Palm Beach Gardens. West County Courthouse. 2950 State Road 15, Room S-100. Belle Glade.
For more information on receiving copies of your public records, please contact the Records Service Center at (561) 355-2932.
For more information on receiving copies of your public records, please contact the Records Service Center at (561) 355-2932.
If the deed is lost or misplaced and the homeowner needs the original document, a property owner can simply request, from the County recorder, a certified copy of the recorded document either in-person or by mail. In most instances, a certified copy has the same legal significance as the original document.