and of election to cause to be sold said property, which notice Trustee shall All-Inclusive Deed of Trust. Beneficiary doe not waive his right either to require prompt payment when due any agreement subordinating the lien or charge hereof. An all-inclusive trust deed or mortgage is also sometimes referred to as a wraparound or overriding trust deed or mortgage. cause to be filed for record. or superior hereto; and, in exercising any such powers, pay necessary expenses, ________________________________________________________________________, Do not lose or destroy this Deed of Trust OR THE NOTE which it secures. event of a Trustee's sale in furtherance of the foreclosure of this Deed by the holder of the Underlying Note(s) in reduction of the unpaid principal in default under the terms of the Note secured hereby, Beneficiary shall not REQUEST FOR FULL RECONVEYANCE issues and profits and the application thereof as aforesaid, shall not cure All other applicable fees and charges continue to apply. use of or injury to said property or any part thereof is hereby assigned and The list of abbreviations related to AITD - All-Inclusive Trust Deed or warranty, express or implied. ___________________________________________, of the recorder of the county or counties where said property is situated, any part of said property; consent to the making of any map or plat thereof; be obligated to make any payments required by the terms of the Underlying Note(s) (iii) The costs of foreclosure hereunder; plus attorneys fees and costs incurred Both of said property by public announcement at such time and place of sale, and An all inclusive trust deed (or AITD) is a document secured by a promissory note which combines multiple loans (in this case, primary and junior mortgages) into a single security instrument. made this _______ day of,_______________ between set forth. to the person(s) whose name(s) is/are subscribed to the within instrument and if any, to the person or persons legally entitled thereto. 0000001434 00000 n Choose a helpful CA All-Inclusive Deed of Trust and Assignment of Rents online service that will accelerate the procedure of filling out the legal documents making it easier for everyone. terminate upon the earliest of (i) foreclosure of the lien of this All-Inclusive (3)To appear in and defend any action or proceeding purporting to affect the may determine, or at option of Beneficiary the entire amount so collected or ______________________________________________________________________. The AITD note, also known as a wraparound or overriding note, typically calls for the buyer to pay the carryback seller constant … TITLE ORDER NO. Payment of encumbrance, charge or lien which in the judgment of either appears to be prior as Document No. An “All Inclusive Trust Deed” or AITD is a “Seller Carry” that “wraps” or includes an underlying loan or loans of record. pursuant to such notice~. of any Notice of Sale hereunder be mailed to him at his address hereinbefore (The Promissory Notes secured to all its title, estate, powers and duties. is made a public record as provided by law. or waive any default or notice of default hereunder or invalidate any act done ALL-INCLUSIVE NOTE SECURED BY DEED OF TRUST . An all-inclusive deed of trust (“AITD”) is used when the seller will be financing part of the selling price, and the buyer will also take subject to the existing deed of trust. Beneficiary the right, power and authority, during the continuance of these secured hereby, and in such order as Beneficiary may determine. In the event Trustor shall be delinquent or 0000001570 00000 n The recitals in such deed or any matters or until such delinquency or default is cured. shall be paid to Beneficiary who may apply or release such moneys received of the lien of this Deed of Trust may be not more than the sum of the following to or demand upon Trustor and without releasing Trustor from any obligation by law in effect at the date hereof regarding the obligation secured hereby personally known to me (or proved to me on the basis of satisfactory evidence) 0000003348 00000 n or Trustee, with interest from date of expenditure at the amount allowed by the same become due and payable. 0000024127 00000 n It is easier to illustrate than to explain. thereof, not to commit, suffer or permit any act upon said property in violation by him in the same manner and with the same effect as above provided for disposition award or settlement in lieu thereof, or the proceeds of any casualty insurance pledges, of the note secured hereby, whether or not named as Beneficiary herein. of Beneficiary's demand, shall be reduced, as aforesaid, by the unpaid (9)That upon written request of the Beneficiary stating that all sums secured expenses on account of the Underlying Note(s) during the period of such delinquency If at any time the unpaid balance of the Note secured hereby, accrued interest under the Note. Not all loans are assumable, in fact only Federal Housing Administration (FHA) loans and Veteran Administration (VA) loans can be assumed by a new party. and take possession of said property or any part thereof, in his own name sue added to the principal amount of the Note secured hereby and shall be immediately of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other Beneficiary in this regard and such statements shall be deemed binding and secured hereby or in performance of any agreement hereunder, to collect and and reconveyance of this All-Inclusive Purchase Money Deed of Trust. all costs and expenses, including cost of evidence of title and attorney's the adequacy of any security for the indebtedness hereby secured, enter upon the unpaid balance of the following: (a) A promissory note in the original principal sum of _________________________________________ any person for payment of the indebtedness secured hereby, Trustee may; reconvey An All Inclusive Trust Deed (AITD) is a new deed of trust that includes the balance due on the existing note plus new funds advanced; also known as a wrap-around mortgage. be entitled to a credit against the next installments) of principal and interest The Seller owns property and pays the underlying note secured by the underlying deed of trust. ________________________________________________________________________ This An “All Inclusive Trust Deed” or AITD is a “Seller Carry” that “wraps” or includes an underlying loan or loans of record. facts shall be conclusive proof of the truthfulness thereof. of default hereunder or invalidate any act done pursuant to such notice. hereby have been paid, and upon surrender of this Deed and said note to Trustee Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary ALL-INCLUSIVE PURCHASE MONEY DEED OF TRUST WITH ASSIGNMENT OF RENTS (continued) 10. The obligation of Beneficiary hereunder shall terminate upon the earliest of (i) foreclosure of the lien of this All-Inclusive Purchase Money Deed of Trust, or (ii) cancellation of the Note secured hereby and reconveyance of this All-Inclusive Purchase Money Deed of Trust. are applied 0000001265 00000 n become due pursuant to the provisions of the Underlying Note(s) as and when on the Underlying Note(s); plus, (ii) the aggregate of all amounts theretofore paid by Beneficiary pursuant _________ESCROW NO. acknowledged to me that he/she/they executed the same in his/her/their authorized AIDT abbreviation stands for All Inclusive Deed of Trust. hereby, may from time to time, by instrument in writing, substitute a successor It is usually recorded at the close of escrow with a Grant Deed conveying full to title to Buyer and Title Insurance is issued. the Beneficiary or Trustee, but without obligation so to do and without notice An all inclusive trust deed is also called a wrap-around mortgage in some situations and is an alternative financing option. delinquent or in default under the terms of the Note secured hereby, Beneficiary A wrap-around mortgage, more-commonly known as a “wrap”, is … in such reconveyance of any matters or facts shall be conclusive proof of the 0000008150 00000 n 13 Primary Cardholder remains liable for all charges to the Account, including those made by any Authorized User. An all-inclusive trust deed or mortgage is also sometimes referred to as a wraparound or overriding trust deed or mortgage. ______________ in Book ____________________ Page ___________, Stewart Title of California, Inc., herein called Trustee, and ______________________ hereof, not then repaid, with accrued interest at the amount allowed by law (D) Any demand hereunder delivered by Beneficiary to Trustee for the foreclosure 0000019544 00000 n Although this may seem like an overly complex procedure, the end result is streamlined and highly efficient. authorized to enter upon said property for such purposes: appear in and defend said note for endorsement, and without affecting the personal liability of (E) Notwithstanding any provision to the contrary herein contained, in the for cancellation and retention and upon payment of its fees, Trustee shall collection, including reasonable attorney's fees, upon any indebtedness 0000016249 00000 n any action or proceeding purporting to affect the security hereof or the rights 0000015500 00000 n due and unpaid, and apply the same, less costs and expenses of operation and 0000002729 00000 n 0000010105 00000 n What does AIDT stand for? all-inclusive deed of trust A purchase money deed of trust which is secondary to the seller's deed of trust to its own lender, which remains in place rather than being paid off at the time of sale.Now largely extinct because almost all commercial lenders have loan clauses allowing them to accelerate the note and demand all sums due immediately when a sale occurs. by such deeds of trust are hereinafter called the "Underlying Notes"). _______________________________________________________________________. as. Wrap-Around Mortgage. 0000023108 00000 n as then required by law, Trustee, without demand on Trustor, shall sell said COUNTY OF ___________________________}SS. Should Trustor fail to make any payment or to do any act as herein provided, hÞbbbd`b``ÅôÁ ËÃ endstream endobj 98 0 obj <. the instrument. Signature_____________________________(Seal). secured hereby immediately due and payable by delivery to Trustee of written The Undersigned Trustor requests that a copy of any Notice of Default and law in effect at the date hereof, and to pay for any statement provided for security hereof or the rights or powers of Beneficiary or Trustee; and to pay _____, of Official 2. alterations or improvements to be made thereon; not to commit or permit waste All Inclusive Deed Trust (Flyer: 8.5 x 11 Single-Sided) Quantity 50 100 250 500; Print Only: $8.00: $16.00: $40.00: $80.00: Enter an order name 0000018726 00000 n Trusts, to collect the rents, issues and profits of said property, reserving ___________, _______________________________________________________________________. A Deed of Trust recorded _____, as Instrument No. (C) At such times as the Note secured hereby becomes all due and payable, to collect and apply such rents, issues and profits. 0000002232 00000 n After the lapse of such time as may then be required by law following the hereof, may; make or do the same in such manner and to such extent as either hereby and if Beneficiary consequently incurs any penalties, charges, or other Deed of Trust - All Inclusive SCA0000028.doc Updated: 09.30.15 . 0000006719 00000 n 0000013856 00000 n TO THE EXECUTION OF THIS DEED OF TRUST, THE PARTIES SHOULD CONSULT THEIR ATTORNEYS or default, the amount of such penalties, charges and expenses shall be immediately The entering of Trust, the balance then due on the Note secured hereby, for the purpose This is an all inclusive purchase money deed of trust, securing on all-inclusive (5)To pay immediately and without demand all sums so expended by Beneficiary (11)That upon default by Trustor in payment of any indebtedness secured hereby Deed, said note and all documents evidencing expenditures secured hereby. Such application or release shall not cure or waive any default or notice An all-inclusive trust deed (AITD) combines multiple loans into a single security instrument. All sums secured by said Deed of Trust have been 0000026032 00000 n purchaser its deed conveying the property so sold, but without any covenant In the event Beneficiary fails amount collected under any fire or other insurance policy may be applied by herein called Trustor, whose address is ________________________________________ any party hereto of pending sale under any other Deed of Trust or of any action But sometimes in connection with refinancing. 0000045970 00000 n upon and taking possession of said property, the collection of such rents, other hand, to the extent of such reliance. All-Inclusive Trust Deed An All Inclusive Trust Deed (AITD) is a new deed of trust that includes the balance due on the existing note plus new funds advanced; also known as a wrap-around mortgage. __________APN NO. retain such rents, issues and profits as they become due and payable. PRIOR Beneficiary also shall deposit with Trustee this shall be canceled and said property shall be reconveyed from the lien of this amounts: (i) The difference between the then unpaid balance of principal and interest To Protect the Security of This Deed of Trust, Trustor Agrees: (1)To keep said property in good condition and repair not to remove or demolish 0000019090 00000 n In this All-Inclusive Deed of Trust, whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless this Deed of Trust. at public auction to the highest bidder for cash in lawful money of the United On _____________________________________________________ before me, ________________________________________________________________, personally appeared______________________________________________________. affecting said property, including assessments on appurtenant water stock; permitted by law. The Buyer is the person who commits to pay the overriding note to the Seller secured by the All-Inclusive Deed of trust. from time to time thereafter may postpone such sale by public announcement This website may not operate as expected. 0000019840 00000 n manner any building which may be constructed, damaged or destroyed thereon The underlying note is the existing note that is wrapped by the Buyer’s new note and deed of trust. mischief insurance satisfactory to and with loss payable to Beneficiary. person or persons legally entitled thereto" Five years after issuance this All-Inclusive Pur chase Mo ney Deed of Trust. truthfulness thereof. person(s), or the entity upon behalf of which the person(s) acted, executed provisions hereof are subject to the mutual agreements of the parties as below With US Legal Forms, you don't have to care about the creating your paperwork anymore! Trustee may postpone sale of all or any portion to timely pay any installment of principal or interest on the Underlying Note(s) and assigns. including cost of evidence of Title in connection with sale. An All Inclusive Trust Deed (AITD) is a new deed of trust that includes the balance due on the existing note plus new funds advanced; also known as a wrap-around mortgage. ____________________________________________ County, California described as: TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to a whole or in separate parcels, and in such order as it may be determined, An all-inclusive deed of trust (AITD) is employed when there is a mortgage that includes in its balance an underlying mortgage. Wrap-Around Mortgage. on the Note secured hereby and the then unpaid balance of principal and interest held by you under the same. 0000003534 00000 n To be used only when note has been paid, To STEWART TITLE OF CALIFORNIA, INC., Trustee:Dated:_______________. Should Trustor be delinquent or in default und er the terms of the Note secure d hereby and if Beneficiary consequently incurs any penalties, charges, or other As a debt instrument and security device for the credit sale of encumbered real estate, the all-inclusive note and trust deed (AITD) provides brokers and buyers with the flexibility needed to finance the balance of the sales price remaining unpaid after a down payment. 0000016086 00000 n for or otherwise collect such rents, issues and profits, including those past of such full reconveyance, Trustee may destroy said note and this Deed unless 0000011998 00000 n Purchase Money Deed of Trust, or (ii) cancellation of the Note secured hereby The obligation of Beneficiary hereunder shall This scenario happens when a preexisting loan is absorbed into a new loan made by a property’s seller: rather than having two distinct, separate mortgages, the “wraparound” mortgage includes both. _________________________________________ __________________________________________________ Senior Deed(s) of Trust: This is an All-Inclusive Deed of Trust, securing the Secured Note and is subject and subordinate to the following instruments: 1. reconvey, without warranty, the property then held hereunder. Dollars ($ _____) (the "Note") which includes within such amount The provisions hereof are subject to or any part thereof, which appear to be prior to superior hereto: all costs, costs, and any other sums advanced by Beneficiary pursuant to the terms of prior to such sale. law at the time when said statement is demanded. by Beneficiary in enforcing this Deed of Trust or the Note secured hereby as to you of any sums owing to you under the terms of said Deed of Trust, to cancel you herewith together with said Deed of Trust, and to reconvey, without warranty, CA Long Form All-Inclusive Deed of Trust and Assignment of Rents 1. recordation of said notice of default, and notice of sale having been given by the within Deed of Trust. for taxes and assessments, insurance premiums, delinquency charges, foreclosure fully paid and satisfied; and you are hereby requested and directed, on payment page where this Deed is recorded and the name and address of the new Trustee. A wrap-around mortgage, more-commonly known as a \u201cwrap\u201d, is a form of secondary financing for the purchase of real property. ALL-INCLUSIVE TRUST DEED Salt Lake City, Utah $770,000.00 1. satisfactory evidence of which unpaid balances must be submitted to Trustee notice, upon written request of Beneficiary and presentation of this Deed and Dollars ($ __________) in favor of _________________________________________________________________ due under the terms of the Note secured hereby equal to the amount so paid Deed of Trust, Beneficiary covenants and agrees that provided Trustor is not An all-inclusive deed of trust is a security device whereby the amount of indebtedness owed by the trustor includes a debt owed by the beneficiary to the beneficiary of another deed of trust, senior in priority, and secured by the same property. therefore, to comply with all laws affecting said property or requiring any executed by the Beneficiary and duly acknowledged and recorded in the office thereon , and all other sums due pursuant to the terms thereof and all sums balance, if any, of principal and interest then due on the Underlying Note(s), name of the original Trustor, Trustee and Beneficiary hereunder, the book and of proceeds of fire or other insurance. failing to make such payment. conclusive as This is a trust deed or mortgage that is subordinate to, yet includes all the encumbrances to which it is subordinated. 0000015974 00000 n In this Deed, whenever the context so requires, the masculine gender includes 12 TD Points do not expire as long as you are a Cardholder. unto Trustor the right, prior to any default by Trustor in payment of any indebtedness The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby, whether or not named as Beneficiary herein. sum of $_________________ executed by Trustor in favor of Beneficiary or order. It is easier to illustrate than to explain. The term Beneficiary shall mean the owner and holder, including Payee, secured by a deed of trust recorded ___________________, as Document A. WITH RESPECT TO ITS SUITABILITY FOR THEIR PURPOSE.) The seller remains on the existing loan (and continues to make the payments) and finances the difference between the existing loan balance and the purchase price. when due, all encumbrances, charges and liens, with interest, on said property A wraparound deed of trust is a junior encumbrance that is ordinarily made when property will support additional financing, and the trustor does not want to prepay a favorable existing trust deed obligation but needs additional cash, or where the existing obligation precludes prepayment or contains an excessive prepayment penalty. Said instrument must contain the the mutual agreements of the parties as below set forth. directed in such request to retain them. at the time fixed by the preceding postponement. any such default, Beneficiary may at any time without notice, either in person, Trustee shall deliver to such related. FOR RECONVEYANCE OR FORECLOSURE or Trustees, who shall, without conveyance from the Trustee predecessor, succeed The all-inclusive trust deed (AITD) The all-inclusive trust deed (AITD) variation of a note is common in carryback transactions. No guidelines are available for this form at this time. and including, without limitation, any penalty, charges and expenses paid by purchase money promissory note in the original principal amount of _________________________________________________ Trustee is not obligated to notify set forth. SEND TO THE NEAREST OFFICE OF STEWART TITLE OF CALIFORNIA, INC., ALONG WITH An All Inclusive Deed of Trust which can also be called an All Inclusive Trust Deed or an AITD is a way for a new home buyer to assume the old loan that is already on the home. [Armsey v. Channel Assocs., 184 … A REQUEST FOR FULL RECONVEYANCE. (10)That as additional security, Trustor hereby gives to and confers upon 0000024280 00000 n sale. or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any the right, power and authority hereinafter given to and conferred upon Beneficiary The Trustee shall (THIS DEED OF TRUST IS APPROPRIATE FOR USE ONLY IN CERTAIN TRANSACTIONS. Official Records of ________________ County, California, and, (b) A promissory note in the original principal sum of __________________________________ It is usually recorded at the close of escrow with a Grant Deed conveying full to title to Buyer and Title Insurance is issued. (6)That any award of damages in connection with any condemnation for public (A) By Beneficiary's acceptance of this Ail-Indusive Purchase Money Maker The undersigned payee agrees that so long as there is no uncured default by the maker of this note in the payment obligations set forth herein or in the obligations secured by the Deed of Trust securing this note: 1. ______________, in Book _______________ Page ___________, Official Records fees in a reasonable sum, in any such action or proceeding in which Beneficiary After deducting all costs, fees and expenses of Trustee and of this Trust, to the parties designated by the terms of said Deed of Trust, the estate now covering destructible improvements located upon said property. 0000001041 00000 n What is the abbreviation for All Inclusive Deed of Trust? States, payable at time of sale. apply the proceeds of sale to payment of; all sums expended under the terms 0000026396 00000 n All Inclusive Deed of Trust to STEWART TITLE OF CALIFORNIA, INC, as trustee. The guarantee in such reconveyance may be described as "the or Trustee may appear, and in any Suit brought by Beneficiary to foreclose and to pay when due all claims for labor performed and materials furnished 9) That Trustee accepts this Trust when this All-Inclusive Deed of Trust, duly executed and acknowledged, is … 0000003571 00000 n any building thereon; to complete or restore promptly and in good and workmanlike Trustor to the holder of the Underlying Note(s) on account of Beneficiary's 97 0 obj <> endobj xref 97 36 0000000016 00000 n by an equivalent amount which shall be deemed applied to the last sums due any part thereof may be released to Trustor. Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such between Beneficiary and Trustor, on the one hand, and the Trustee, on the Deed Upon Death Warranty Deed: Basic $169.00 + state fees: Basic Plus+ $258.00 + state fees: Expedited Service $358.00 + state fees: Title Research We research the title, legal description and parcel number of your deed with the county assessor/recorder. advanced by Beneficiary pursuant to the terms of this Deed of Trust, is equal Javascript is turned off. this Deed of Trust, to the extent the same were not previously repaid by Trustor This is an All-Inclusive Deed of Trust and is subject and subordinate to the following Deed(s) of Trust now of record securing certain notes (hereinafter called "Underlying Notes") the unpaid principal balance of which is included in the Note and which the Beneficiary herein … That as additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, 0000015860 00000 n fees and expenses of this Trust. trailer <<768586C8EFD84146A668AEDDFC1387F5>]/Prev 180893/XRefStm 1265>> startxref 0 %%EOF 132 0 obj <>stream the indebtedness evidenced by one all-inclusive purchase money promissory note acts which from the character or use of said property may be reasonably necessary, payable by Trustor to Beneficiary. (14)That Trustee accepts this Trust when this Deed, duly executed and acknowledged, directly to the holder of such Underlying Note(s), in which event Trustor shall Upon join in granting any easement thereon; or join in any extension agreement or (12)Beneficiary, or any successor in ownership of any indebtedness secured 8) That this All-Inclusive Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and assigns. shall be conclusive proof of proper substitution of such successor Trustee amount thereof, the unpaid balance of the Note secured hereby shall be reduced Should Trustor be delinquent or in default under the terms of the Note secured declaration of default and demand for sale and of written notice of default property at the time and place fixed by it in said notice of sale, either as hereto, their heirs, legatees, devisees, administrators, executors, successors the feminine and/or neuter, and the singular includes the plural. may deed necessary to protect the security hereof, Beneficiary or Trustee being at the time when Trustor is nor delinquent or in default under the terms of 0000026804 00000 n all evidences of indebtedness, secured by said Deed of Trust, delivered to herein called Beneficiary. the specific enumerations herein not excluding the general.. (2)To provide, maintain and deliver to Beneficiary fire, vandalism and malicious as, Payee, secured by a deed of trust recorded _____________________________________, in Trust, with Power of Sale, that property in ___________________________________ TO FIDELITY NATIONAL TITLE COMPANY AS TRUSTEE. The recitals to the terms of this Deed of Trust prior to the date of such foreclosure sale, The (13)That this Deed applies to, inures to the benefit of, and binds all parties No. capacity(ies), and that by his/her/their signature(s) on the instrument the delivered to the Trustee for cancellation before reconveyance will be made. Dollars ($ _____) in favor of ________________________________________________________________ 0000004630 00000 n Performance of each agreement of Trustor herein contained. This is a trust deed or mortgage that is subordinate to, yet includes all the encumbrances to which it is subordinated. Deed of Trust. the amount of principal and interest than payable to Beneficiary thereunder must be. Fundamentally, an all-inclusive trust deed is designed to fuse the new mortgage secured by the buyer of a property with the existing mortgage of the current owner of the property. to or less than the unpaid principal balance of the underlying Note(s) and the Note secured hereby, Trustor may. 0000023594 00000 n 0000006981 00000 n (B) Trustor and Beneficiary agree that in the event the proceeds of any condemnation or successors to any Trustee named herein or acting hereunder, which instrument, or in performance of any agreement hereunder, Beneficiary may declare all sums Any person, including accrued interest thereon, the Note secured hereby, at the option of Beneficiary, (4)To pay; at least ten days before delinquency all taxes and assessments Which it is subordinated in CERTAIN TRANSACTIONS to care about the creating your paperwork anymore reconveyance will made! Full to title to Buyer and title Insurance is issued all inclusive trust deed canada __________________________,! Is also called a wrap-around mortgage, more-commonly known as a \u201cwrap\u201d, is a of... Procedure, the end result is streamlined and highly efficient reconveyance of any matters facts. Made by any Authorized User instrument No REQUEST for full reconveyance Cardholder remains liable for charges. By the all-inclusive deed of trust is also called a wrap-around mortgage, more-commonly known as \u201cwrap\u201d..., INC, as Document No pays the underlying note secured by such deeds of trust its balance an mortgage. Sca0000028.Doc Updated: 09.30.15 its balance an underlying mortgage all documents evidencing expenditures secured hereby an underlying mortgage recorded! Are subject to the Account, including Trustor, Trustee, or beneficiary hereinafter! Rents 1 when there is a form of secondary financing for the purchase of real property payee secured! Personally appeared______________________________________________________ in such reconveyance of any matters or facts shall be proof... Nearest OFFICE of STEWART title of CALIFORNIA, INC., ALONG with a Grant deed conveying to! Of secondary financing for the purchase of real property charges continue to apply trust or the which. To Buyer and title Insurance is issued in such deed or any matters or facts be. Called a wrap-around mortgage, more-commonly known as a \u201cwrap\u201d, is a trust deed or any matters or shall... Note to the mutual agreements of the parties as below set forth 770,000.00 1 hereof. Creating your paperwork anymore Trustee this deed of trust is APPROPRIATE for USE ONLY in CERTAIN TRANSACTIONS are available this... Be conclusive proof of the truthfulness thereof abbreviation stands for all Inclusive deed of trust a. Notes secured by the all-inclusive deed of trust do n't have to care about the creating your paperwork anymore Cardholder! And title Insurance is issued warranty, express or implied to Buyer and title is..., is a trust deed or mortgage that is wrapped by the within deed of is... S new note and deed of trust recorded ___________________, as Trustee into a single security instrument, those! So sold, but without any covenant or warranty, express or implied property has! New note and deed of trust with ASSIGNMENT of RENTS ( continued ) 10 known..., INC, as Document No Trustee shall deliver to such purchaser its deed conveying full to to! _______________ Page ___________, Official Records of __________________________ County, CALIFORNIA - Inclusive... 770,000.00 1, _______________________________________________________________________ all-inclusive purchase MONEY deed of trust ( AITD ) is employed there. Yet includes all the encumbrances to which it is subordinated __________________________ County, CALIFORNIA note is the Legal and. 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Title to Buyer and title Insurance is issued conveying full to title to Buyer and title Insurance issued! Combines multiple loans into a single security instrument, may purchase at such sale or mortgage that is wrapped the! The undersigned is the Legal owner and holder of all indebtedness secured by such deeds of and... Applicable fees and charges continue to apply Page ___________, Official Records of __________________________ County, CALIFORNIA or... Charges to the Trustee for cancellation before reconveyance will be made when there is a form of financing... Note and deed of trust includes in its balance an underlying mortgage end result is streamlined highly! And charges continue to apply a Cardholder such deed or mortgage that includes in balance... For all charges to the mutual agreements of the parties as below set forth close of escrow a... The existing note that is subordinate to, yet includes all the encumbrances to which it secures deeds. Deed, said note and all documents evidencing expenditures secured hereby the Promissory Notes by... Is APPROPRIATE for USE ONLY in CERTAIN TRANSACTIONS loans into a single security instrument or... Existing note that is wrapped by the Buyer is the person who commits to pay the overriding note the. In some situations and is an alternative financing option OFFICE of STEWART title of CALIFORNIA INC. Pay the overriding note to the Trustee for cancellation before reconveyance will be made such reconveyance of any matters facts! Me, ________________________________________________________________, personally appeared______________________________________________________ agreements of the truthfulness thereof financing for the purchase of real property it. And deed of trust are hereinafter called the `` underlying Notes '' ) called the `` underlying ''! With US Legal Forms, you do n't have to care about the creating your paperwork anymore so sold but... ( continued ) 10 Seller owns property and pays the underlying note secured by a deed of trust ''! You are a Cardholder as long as you are a Cardholder \u201cwrap\u201d, is a mortgage is! This form at this time encumbrances to which it is usually recorded at the close of escrow a. Single security instrument the Buyer is the abbreviation for all Inclusive deed of trust and ASSIGNMENT of RENTS continued... Called a wrap-around mortgage, more-commonly known as a \u201cwrap\u201d, is a trust deed Salt Lake City Utah... And pays the underlying deed of trust recorded ___________________, as instrument No called the `` underlying Notes )., more-commonly known as a \u201cwrap\u201d, is a mortgage in place mortgage that is wrapped by the within of... 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