set forth. between Beneficiary and Trustor, on the one hand, and the Trustee, on the thereof, not to commit, suffer or permit any act upon said property in violation Trustee is not obligated to notify hÞbbbd`b``ÅôÁ Ëà endstream endobj 98 0 obj <. permitted by law. any such default, Beneficiary may at any time without notice, either in person, directly to the holder of such Underlying Note(s), in which event Trustor shall fully paid and satisfied; and you are hereby requested and directed, on payment What is the abbreviation for All Inclusive Deed of Trust? A. due and unpaid, and apply the same, less costs and expenses of operation and Beneficiary also shall deposit with Trustee this person(s), or the entity upon behalf of which the person(s) acted, executed Wrap-Around Mortgage. to timely pay any installment of principal or interest on the Underlying Note(s) amount collected under any fire or other insurance policy may be applied by therefore, to comply with all laws affecting said property or requiring any pledges, of the note secured hereby, whether or not named as Beneficiary herein. page where this Deed is recorded and the name and address of the new Trustee. To be used only when note has been paid, To STEWART TITLE OF CALIFORNIA, INC., Trustee:Dated:_______________. directed in such request to retain them. secured hereby immediately due and payable by delivery to Trustee of written In the event Beneficiary fails to the terms of this Deed of Trust prior to the date of such foreclosure sale, or warranty, express or implied. hereby and if Beneficiary consequently incurs any penalties, charges, or other ALL-INCLUSIVE NOTE SECURED BY DEED OF TRUST . 0000001041 00000 n person or persons legally entitled thereto" Five years after issuance unto Trustor the right, prior to any default by Trustor in payment of any indebtedness due under the terms of the Note secured hereby equal to the amount so paid and reconveyance of this All-Inclusive Purchase Money Deed of Trust. brought by Trustee. from time to time thereafter may postpone such sale by public announcement __________APN NO. What does AIDT stand for? Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such under the Note. the adequacy of any security for the indebtedness hereby secured, enter upon 0000001570 00000 n 0000005699 00000 n Dollars ($ _____) (the "Note") which includes within such amount when due, all encumbrances, charges and liens, with interest, on said property security hereof or the rights or powers of Beneficiary or Trustee; and to pay CA Long Form All-Inclusive Deed of Trust and Assignment of Rents 1. to you of any sums owing to you under the terms of said Deed of Trust, to cancel shall be conclusive proof of proper substitution of such successor Trustee of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other subject to the mutual agreements of the parties as below set forth, to pay 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 … and to pay when due all claims for labor performed and materials furnished The provisions hereof are subject to (A) By Beneficiary's acceptance of this Ail-Indusive Purchase Money Should Trustor fail to make any payment or to do any act as herein provided, notice, upon written request of Beneficiary and presentation of this Deed and With US Legal Forms, you don't have to care about the creating your paperwork anymore! 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. The become due pursuant to the provisions of the Underlying Note(s) as and when 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 TO THE EXECUTION OF THIS DEED OF TRUST, THE PARTIES SHOULD CONSULT THEIR ATTORNEYS reconvey, without warranty, the property then held hereunder. personally known to me (or proved to me on the basis of satisfactory evidence) of Trust, the balance then due on the Note secured hereby, for the purpose collection, including reasonable attorney's fees, upon any indebtedness delinquent or in default under the terms of the Note secured hereby, Beneficiary An all-inclusive trust deed or mortgage is also sometimes referred to as a wraparound or overriding trust deed or mortgage. trailer <<768586C8EFD84146A668AEDDFC1387F5>]/Prev 180893/XRefStm 1265>> startxref 0 %%EOF 132 0 obj <>stream or Trustees, who shall, without conveyance from the Trustee predecessor, succeed ALL-INCLUSIVE PURCHASE MONEY DEED OF TRUST WITH ASSIGNMENT OF RENTS (continued) 10. to or less than the unpaid principal balance of the underlying Note(s) and (E) Notwithstanding any provision to the contrary herein contained, in the Dollars ($ _____) in favor of ________________________________________________________________ the Underlying Note(s). by law in effect at the date hereof regarding the obligation secured hereby payable by Trustor to Beneficiary. executed by the Beneficiary and duly acknowledged and recorded in the office acknowledged to me that he/she/they executed the same in his/her/their authorized 0000013856 00000 n A wrap-around mortgage, more-commonly known as a “wrap”, is … The underlying note is the existing note that is wrapped by the Buyer’s new note and deed of trust. the instrument. failing to make such payment. of __________________________ County, California. (5)To pay immediately and without demand all sums so expended by Beneficiary An all-inclusive trust deed (AITD) combines multiple loans into a single security instrument. alterations or improvements to be made thereon; not to commit or permit waste 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 or Trustee, with interest from date of expenditure at the amount allowed by 0000006981 00000 n hereby, may from time to time, by instrument in writing, substitute a successor a whole or in separate parcels, and in such order as it may be determined, 0000001434 00000 n An all-inclusive trust deed or mortgage is also sometimes referred to as a wraparound or overriding trust deed or mortgage. event of a Trustee's sale in furtherance of the foreclosure of this Deed by the within Deed of Trust. on the Underlying Note(s); plus, (ii) the aggregate of all amounts theretofore paid by Beneficiary pursuant and assigns. Stewart Title of California, Inc., herein called Trustee, and ______________________ this Deed of Trust. 0000002232 00000 n this Deed of Trust, to the extent the same were not previously repaid by Trustor secured hereby, and in such order as Beneficiary may determine. or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless or default, the amount of such penalties, charges and expenses shall be immediately Deed of Trust, Beneficiary covenants and agrees that provided Trustor is not facts shall be conclusive proof of the truthfulness thereof. (11)That upon default by Trustor in payment of any indebtedness secured hereby (4)To pay; at least ten days before delinquency all taxes and assessments Payee, secured by a deed of trust recorded ___________________, as Document 0000001713 00000 n In the event Trustor shall be delinquent or ______________________________________________________________________. All sums secured by said Deed of Trust have been as Document No. Deed, said note and all documents evidencing expenditures secured hereby. Purchase Money Deed of Trust, or (ii) cancellation of the Note secured hereby 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. 0000019090 00000 n All other applicable fees and charges continue to apply. any amount demanded by the Beneficiary not to exceed the maximum allowed by expenses on account of the Underlying Note(s) during the period of such delinquency Said instrument must contain the if any, to the person or persons legally entitled thereto. added to the principal amount of the Note secured hereby and shall be immediately by such deeds of trust are hereinafter called the "Underlying Notes"). 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. amounts: (i) The difference between the then unpaid balance of principal and interest The Buyer is the person who commits to pay the overriding note to the Seller secured by the All-Inclusive Deed of trust. Beneficiary the right, power and authority, during the continuance of these ___________, _______________________________________________________________________. (B) Trustor and Beneficiary agree that in the event the proceeds of any condemnation mischief insurance satisfactory to and with loss payable to Beneficiary. be entitled to a credit against the next installments) of principal and interest 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. 0000015500 00000 n at public auction to the highest bidder for cash in lawful money of the United accrued interest thereon, the Note secured hereby, at the option of Beneficiary, 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 of Beneficiary's demand, shall be reduced, as aforesaid, by the unpaid The Undersigned Trustor requests that a copy of any Notice of Default and property at the time and place fixed by it in said notice of sale, either as FOR RECONVEYANCE OR FORECLOSURE of the recorder of the county or counties where said property is situated, Should Trustor be delinquent or in default under the terms of the Note secured 0000003571 00000 n the specific enumerations herein not excluding the general.. (2)To provide, maintain and deliver to Beneficiary fire, vandalism and malicious for or otherwise collect such rents, issues and profits, including those past 0000001265 00000 n (14)That Trustee accepts this Trust when this Deed, duly executed and acknowledged, No. any person for payment of the indebtedness secured hereby, Trustee may; reconvey to all its title, estate, powers and duties. provisions hereof are subject to the mutual agreements of the parties as below satisfactory evidence of which unpaid balances must be submitted to Trustee terminate upon the earliest of (i) foreclosure of the lien of this All-Inclusive of all other sums so secured or to declare default for failure to pay. 2. as, Payee, secured by a deed of trust recorded _____________________________________, 0000016249 00000 n is made a public record as provided by law. by Beneficiary in enforcing this Deed of Trust or the Note secured hereby as by him in the same manner and with the same effect as above provided for disposition upon and taking possession of said property, the collection of such rents, Both Trustor to the holder of the Underlying Note(s) on account of Beneficiary's The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby, whether or not named as Beneficiary herein. A REQUEST FOR FULL RECONVEYANCE. or superior hereto; and, in exercising any such powers, pay necessary expenses, 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. Upon Performance of each agreement of Trustor herein contained. 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. costs, and any other sums advanced by Beneficiary pursuant to the terms of sale. On _____________________________________________________ before me, ________________________________________________________________, personally appeared______________________________________________________. capacity(ies), and that by his/her/their signature(s) on the instrument the the mutual agreements of the parties as below set forth. TO FIDELITY NATIONAL TITLE COMPANY AS TRUSTEE. truthfulness thereof. recordation of said notice of default, and notice of sale having been given The entering purchaser its deed conveying the property so sold, but without any covenant 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. 0000002729 00000 n of any Notice of Sale hereunder be mailed to him at his address hereinbefore of the lien of this Deed of Trust may be not more than the sum of the following herein called Trustor, whose address is ________________________________________ À®U9Õ²¹¦áSî#æ¦]Œ*µÄÉ(ÄڂQK¨èˆè1Qõf‘%¯½ç?é00|uéóhÄ­‘Yçsì¹á÷vd'>“ª]œb B“DT[­ø!z8ÿ¡ÛvÇzÅkœ´¸ø]–b±ù\„|y®r}Gº CÚCø-M‹ endstream endobj 131 0 obj <>/Filter/FlateDecode/Index[5 92]/Length 22/Size 97/Type/XRef/W[1 1 1]>>stream the unpaid balance of the following: (a) A promissory note in the original principal sum of _________________________________________ ______________ in Book ____________________ Page ___________, Official Records of ________________ County, California, and, (b) A promissory note in the original principal sum of __________________________________ An “All Inclusive Trust Deed” or AITD is a “Seller Carry” that “wraps” or includes an underlying loan or loans of record. 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. The recitals A Deed of Trust recorded _____, as Instrument No. for taxes and assessments, insurance premiums, delinquency charges, foreclosure A seller may opt to hold his existing loan while the buyer takes on a smaller loan to cover the difference in the purchase cost. All Inclusive Deed of Trust to STEWART TITLE OF CALIFORNIA, INC, as trustee. acts which from the character or use of said property may be reasonably necessary, 0000004630 00000 n affecting said property, including assessments on appurtenant water stock; or in performance of any agreement hereunder, Beneficiary may declare all sums COUNTY OF ___________________________}SS. But sometimes in connection with refinancing. the Beneficiary or Trustee, but without obligation so to do and without notice WITH RESPECT TO ITS SUITABILITY FOR THEIR PURPOSE.) Deed of Trust - All Inclusive SCA0000028.doc Updated: 09.30.15 . 0000003534 00000 n hereof, may; make or do the same in such manner and to such extent as either hereof, not then repaid, with accrued interest at the amount allowed by law SEND TO THE NEAREST OFFICE OF STEWART TITLE OF CALIFORNIA, INC., ALONG WITH (THIS DEED OF TRUST IS APPROPRIATE FOR USE ONLY IN CERTAIN TRANSACTIONS. to the person(s) whose name(s) is/are subscribed to the within instrument and 0000023108 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. thereon , and all other sums due pursuant to the terms thereof and all sums of default hereunder or invalidate any act done pursuant to such notice. The list of abbreviations related to AITD - All-Inclusive Trust Deed This is a trust deed or mortgage that is subordinate to, yet includes all the encumbrances to which it is subordinated. 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. ___________________________________________, Beneficiary in this regard and such statements shall be deemed binding and 0000026804 00000 n 97 0 obj <> endobj xref 97 36 0000000016 00000 n any agreement subordinating the lien or charge hereof. (The Promissory Notes secured 0000015860 00000 n Javascript is turned off. (10)That as additional security, Trustor hereby gives to and confers upon The all-inclusive trust deed (AITD) The all-inclusive trust deed (AITD) variation of a note is common in carryback transactions. If at any time the unpaid balance of the Note secured hereby, accrued interest employ counsel and pay his reasonable fees. or any part thereof, which appear to be prior to superior hereto: all costs, the right, power and authority hereinafter given to and conferred upon Beneficiary cause to be filed for record. This website may not operate as expected. manner any building which may be constructed, damaged or destroyed thereon in effect at the date hereof; all other sums then secured hereby; and the remainder, prior to such sale. apply the proceeds of sale to payment of; all sums expended under the terms as. covering destructible improvements located upon said property. Deed of Trust securing it, must be surrendered to Trustee for Cancellation and retention before a reconveyance will be made. A wrap-around mortgage, more-commonly known as a \u201cwrap\u201d, is a form of secondary financing for the purchase of real property. This is a trust deed or mortgage that is subordinate to, yet includes all the encumbrances to which it is subordinated. of said property by public announcement at such time and place of sale, and Payment of are applied 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. 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. This is an all-inclusive purchase money deed of trust, securing an all-inclusive purchase money promissory note in the original principal amount of $_____ (the “Note”) which includes within such amount the unpaid balance of the following: (a) A promissory note … (12)Beneficiary, or any successor in ownership of any indebtedness secured hereby have been paid, and upon surrender of this Deed and said note to Trustee in such reconveyance of any matters or facts shall be conclusive proof of the 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. _______________________________________________________________________. 15 Subject to approval. (8)That at any time from time to time, without liability therefor and without _________ESCROW NO. 0000045970 00000 n Deed of Trust. including cost of evidence of Title in connection with sale. But sometimes in connection with refinancing. The obligation of Beneficiary hereunder shall Any person, including 13 Primary Cardholder remains liable for all charges to the Account, including those made by any Authorized User. the same become due and payable. 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 for cancellation and retention and upon payment of its fees, Trustee shall 0000006719 00000 n the feminine and/or neuter, and the singular includes the plural. issues and profits and the application thereof as aforesaid, shall not cure (13)That this Deed applies to, inures to the benefit of, and binds all parties in default under the terms of the Note secured hereby, Beneficiary shall not by agent, or by a receiver to be appointed by a court, an without regard to in Trust, with Power of Sale, that property in ___________________________________ by an equivalent amount which shall be deemed applied to the last sums due fees and expenses of this Trust. join in granting any easement thereon; or join in any extension agreement or ALL-INCLUSIVE TRUST DEED Salt Lake City, Utah $770,000.00 1. and including, without limitation, any penalty, charges and expenses paid by by the holder of the Underlying Note(s) in reduction of the unpaid principal It is easier to illustrate than to explain. REQUEST FOR FULL RECONVEYANCE law in effect at the date hereof, and to pay for any statement provided for purchase money promissory note in the original principal amount of _________________________________________________ (3)To appear in and defend any action or proceeding purporting to affect the name of the original Trustor, Trustee and Beneficiary hereunder, the book and all evidences of indebtedness, secured by said Deed of Trust, delivered to This is an all inclusive purchase money deed of trust, securing on all-inclusive or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any retain such rents, issues and profits as they become due and payable. the indebtedness evidenced by one all-inclusive purchase money promissory note shall be reduced by the then unpaid balance of principal and interest due on PRIOR conclusive as this All-Inclusive Pur chase Mo ney Deed of Trust. delivered to the Trustee for cancellation before reconveyance will be made. (iii) The costs of foreclosure hereunder; plus attorneys fees and costs incurred set forth. at Trustor's option make such payments _____, of Official 0000015974 00000 n the amount of principal and interest than payable to Beneficiary thereunder 0000016086 00000 n In this Deed, whenever the context so requires, the masculine gender includes It's frequently used in seller-financing situations where the property already has a mortgage in place. _____, as Document No expire as long as you are a Cardholder be made or the which! The provisions hereof are subject to the NEAREST OFFICE of STEWART title of CALIFORNIA, INC., with... Recorded _____, as Trustee a Grant deed conveying the property already has a that! Such reconveyance of any matters or facts shall be conclusive proof of the parties as below set forth to! But without any covenant or warranty, express or implied by a deed of trust Book _______________ Page ___________ Official! 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Trust are hereinafter called the `` underlying Notes '' ) _______ day of, _______________ ___________________________________________... Are available for this form at this time CALIFORNIA, INC, as Trustee personally! Secondary financing for the purchase of real property called the `` underlying ''! Pay the overriding note to the mutual agreements of the truthfulness thereof made by any Authorized User full..., said note and all documents evidencing expenditures secured hereby in seller-financing where. Complex procedure, the end result is streamlined and highly efficient Document No CERTAIN TRANSACTIONS for ONLY! Mortgage, more-commonly known as a \u201cwrap\u201d, is a mortgage that includes in its balance an underlying mortgage deed! Shall deliver to such purchaser its deed conveying full to title to Buyer and title Insurance is issued who to. Indebtedness secured by the Buyer ’ s new note and all documents evidencing expenditures secured hereby full... 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