Wyoming 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 mortgage is the standard security instrument used. Deeds of trust are permitted but are rarely used because mortgages may contain a power of sale and foreclosures of deeds of trust, like mortgages, are subject to redemption rights.

An assignment of mortgage is a legal term that refers to the transfer of the security instrument that underlies your mortgage loan ? aka your home. When a lender sells the mortgage on, an investor effectively buys the note, and the mortgage is assigned to them at this time.

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.

Any assignment of a mortgage and any assignment of the beneficial interest under a deed of trust may be recorded, and from the time the same is filed for record operates as constructive notice of the contents thereof to all persons; and any instrument by which any mortgage or deed of trust of, lien upon or interest in ...

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 deed of trust is a legal agreement that's similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.

The purpose of the mortgage or deed of trust is to provide security for the loan that's evidenced by a promissory note. Loan Transfers. Banks often sell and buy mortgages from each other. An "assignment" is the document that is the legal record of this transfer from one mortgagee to another.

Any assignment of a mortgage and any assignment of the beneficial interest under a deed of trust may be recorded, and from the time the same is filed for record operates as constructive notice of the contents thereof to all persons; and any instrument by which any mortgage or deed of trust of, lien upon or interest in ...

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