Land Trust Agreement – Trustee to take and hold the property given to the Trustee and preserve the same
Applicable state law, or any other law, and this Land Trust Agreement shall not be deemed, or
Land Trust Agreement
Create or prove the existence of a corporation, de facto or de jure, or a Massachusetts Trust, or
Deed Of Trust
Any other form of business trust, or association in a corporate nature, or co-
Terms and conditions contained herein until all the Trust property is sold or
Sell or lease the Trust property and manage the Trust property otherwise than as a Trustee
They have the power to do any act which the majority in the interest of the Trustee requires to do. The
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If the Trustee pays or is liable to pay any money on account of this Trust, or
Any liability to pay any money due to a party to any litigation arising therefrom
To the Trustee, bearing interest at the rate of ten (10%) percent per annum until paid in full.
As the Trustee remains unpaid, the Trustee will have no obligation to take any action
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It will not be necessary to provide a link. Each Trustee is only responsible for his own actions and then only
Has not been elected as a continuing trustee within thirty (30) days from the date of notification of the Trustee
Beneficiaries in equal proportion to their interests in the Trust may appear at the aforesaid time
Register in the office the register of deeds of all the provinces in which the Trust Property is held
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Is located. The certificate of election will be registered in the office of the register of deeds of all
As a Trustee. If the Trustee pays or is liable to pay any money hereunder
Trust, or any liability to pay any money due to a party to any legal action as
To pay them in full. These amounts and any compensation due to the Trustee, until paid in full to the Trustee
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The property of the Trust or any part thereof or any interest therein shall be given, contracted for sale, on lease
Rent or money lent or advanced on the property; to see that the provisions of this Trust
Trustee’s act; or have the right to inspect any of the provisions of this Trust Agreement.
Under the Trust that created the Trust under this Agreement was in full at the time of delivery
Draft_mwclt+henrico Land Bank Agreement
Only (a) the right to lease, manage and control the property of the Trust; (b) the right to the
Trustee in relation to placing title on the Trust Property; and (c) the right to obtain
Existence of the Trust and shall in no way diminish or alter the powers of the Trustee. No beneficiary
Right, title or interest, whether legal or equitable, in the real property held
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The Trustee shall, at its sole discretion, have the right to advance the funds necessary for payment
The right to assign any part or all of their interests under this Trust. No appointment shall be valid or
May be required by law or issued by a court order by a court of competent jurisdiction
Located in any jurisdiction. If this agreement is registered, it will not be notified
Texas Land Trust Agreement
Time that may be held in this Land Trust for a longer period than permitted under
Interests may arise at the time of termination of the Trust. If possible, the Trustee
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Pressing the PRINT button will print only the current page. Download the document to your computer, tablet or smartphone so that you can print it in its entirety.Trust Agreement Ground This Trust Agreement is made on the _________________ (date), to certify that ___________________________ (name), a Banking Corporation organized under the laws of the United States, with its principal office located at _________________________________ ______________________________ (street address, city, state, state, zip code), hereinafter referred to as Trustee, as Trustee, to take the property described below in _____________________ (Name of County) and State) : (insert legal description) ______ __________________________________________________________________________. This Trust Agreement is to further certify that when a Trustee has title to the property described, or to any of the title deeds assigned to him as Trustee, the Trustee shall be held for the uses and purposes and on the trusts described in this Agreement. 1. Beneficiaries The following named persons are the Beneficiaries of this Trust, and will therefore be entitled to the earnings and income of the Trust Property according to their respective interests, as follows: Name Address Interest ________________________________ ________________________________ ________________ ________________ ________________________________ ________________________________ ________________ _____________________ ________________________________ ________________ 2 Interests of Beneficiaries as Individuals The interests of the Beneficiaries shall include only the power of directors to deal with the title of the Trust Property, power to manage and control the property as provided in this Agreement and the right to receive the proceeds from rent and from mortgages , sales or other disposition of the property. The right to the proceeds of the property is considered personal property and can be assigned and transferred as such. If any Beneficiary dies during the existence of this Trust, the Beneficiary’s right and interest under this Agreement shall, except as specifically provided, pass to the executor or administrator of the Beneficiary Winner, and not to his or her heirs at law . No beneficiary now has any right, title or interest in or to any portion of such real property, whether legal.
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Value or proportionate interest therein, under this trust agreement, except if a beneficiary can purchase a will or otherwise delegate his right and interest under this agreement. It is understood and agreed by and between the parties that the beneficiaries of this trust agree to all or any of the following with respect to their interest under this trust agreement: that they will not transfer any part of that interest; if they do so, it will have no effect on any other trust they may have under this trust agreement; that such transfers shall be effective upon their death; if they are not, they will be effective when they transfer the trust property into their names; shall not be affected by, or in any way altered by, a deed, mortgage, mortgage trust, deed of trust, deed of gift, deed of trust or similar instrument or transaction between the trustee, affect the rights and their interests. as beneficiaries below. and any person other than the parties hereto, a sub-developer or assignee of such other person, or other persons; and that no deed of trust, deed of trust, deed of trust, deed of trust, deed of trust or similar instrument or transaction may be executed or executed in a manner inconsistent with any of the statements above. 3. Ownership of interest This trust agreement, together with the terms of the property trust (as well as all other agreements made, made or to be made pursuant to this agreement) shall be interpreted to prevent or extinguish existing rights or rights. interests, or to limit the rights, or powers, or effect of deeds of trust, deeds of gift trust, deed of trust, or similar instrument or transaction hereunder or to assign any property acquired by the trust to any person or other persons stand. as the parties hereto under that trust agreement. 4. Transfer of interest. The assets of the trust, whether in real property or otherwise, shall pass on the death, dissolution, death of trustees or otherwise to the persons to whom they are entitled, whether such persons are then beneficiaries of the trust. Each beneficiary of this trust agrees to make or cause to be made in trust all title to the property previously described in trust, as provided in this agreement, as soon as practicable after the date such person becomes a beneficiary hereunder . , subject to compliance with the requirements of title i of the trust code. 5. Trust closing agreement between a trustee and one or more beneficiaries of this trust signed on the date.
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Trust Agreement Template Download Printable Pdf
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