Georgia Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title

State:
Multi-State
Control #:
US-OG-242
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the Grantor, in consideration of the debt and trusts listed, grants, bargains, sells, assigns, transfers, and conveys to the Trustee, and to the Trustee's successor or successors or substitutes, with power of sale, the real and personal properties, rights, title, interests described by the Deed of Trust.
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  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title
  • Preview Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title

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FAQ

A Deed of Trust is an agreement between a borrower, a lender and a third-party person who's appointed as a Trustee. It's used to secure real estate transactions where money needs to be borrowed in order for property to be purchased.

Mortgages are used, but they are rare. A security deed (deed to secure debt) is the customary security instrument in Georgia. Georgia does not use a Deed of Trust. Two witnesses are required to witness the signature of the grantor for a security deed to be recorded.

Under a security deed, the lender is automatically able to foreclose or sell the property when the borrower defaults. Foreclosing on a mortgage, on the other hand, involves additional paperwork and legal requirements, thus extending the process.

A trust deed is a legal agreement between you and your creditors to pay back part of what you owe over a set period. This is usually four years, but may vary.

What is the Difference Between a Deed and a Deed of Trust? The primary difference between a deed and a deed of trust is the purpose of each document. A deed transfers ownership of a property from one party to another, while a deed of trust secures a loan on a property.

A Grant Deed is an instrument that reflects a change in ownership of real property. A Deed of Trust is an instrument that secures a debt to real property.

A deed of trust is a document used in real estate transactions. It represents an agreement between the borrower and a lender to have the property held in trust by a neutral and independent third party until the loan is paid off.

A deed of trust, or security deed, as it is known in some jurisdictions, is a form of mortgage. A borrower of money signs a promissory note demonstrating the debt owed to the lender. The promissory note will generally recite the purpose of the loan and indicate that it is secured by real property.

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Georgia Deed of Trust, Mortgage, Security Agreement, Assignment of Production, and Financing Statement of Oil and Gas Properties including After - Acquired Title