Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Pro-Lender Short Form) | Practical Law

Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Pro-Lender Short Form) | Practical Law

A short form deed of trust for commercial real estate loans. This Standard Document assumes an accompanying loan agreement contains the business terms, including provisions setting out the events of default and lender's rights and remedies. This Standard Document is useful in states that use deeds of trust, rather than mortgages, as the customary security instrument to perfect the lender's lien and security interests. This Standard Document must be customized to be enforceable and recordable in the jurisdiction of the property's location and has integrated drafting notes with important explanations and drafting and negotiating tips for lenders, borrowers, and their counsel.

Deed of Trust, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Pro-Lender Short Form)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A short form deed of trust for commercial real estate loans. This Standard Document assumes an accompanying loan agreement contains the business terms, including provisions setting out the events of default and lender's rights and remedies. This Standard Document is useful in states that use deeds of trust, rather than mortgages, as the customary security instrument to perfect the lender's lien and security interests. This Standard Document must be customized to be enforceable and recordable in the jurisdiction of the property's location and has integrated drafting notes with important explanations and drafting and negotiating tips for lenders, borrowers, and their counsel.