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Recording requested by and when
recorded mail to:City of Dublin
100 Civic Plaza
Dublin, CA 94568
Attn: City Clerk
EXEMPT FROM RECORDING FEES PER
GOVERNMENT CODE 6103, 27383
(Space Above This Line
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How to fill out performance deed of trust
How to fill out a performance deed of trust:
01
Begin by obtaining a blank performance deed of trust form from your local jurisdiction or an online legal resource.
02
Fill in the necessary information at the top of the form, including the names and contact information of the trustor (borrower), trustee (third-party holder of the property), and beneficiary (lender).
03
Specify the property being encumbered by the deed of trust by providing the legal description or street address.
04
Indicate the loan amount or the specific performance required by the deed of trust. This could involve a monetary sum, specific actions, or both.
05
Include any additional terms or conditions that may be necessary to define the obligations of the trustor or the trustee.
06
Provide a notary acknowledgment section for the trustor's signing and dating of the document. Ensure that the notary public witnesses the signature and stamps the form accordingly.
07
If required by your jurisdiction, file the completed performance deed of trust with the appropriate office, such as the county recorder's office, to make it a matter of public record.
08
Retain copies of the completed document for all parties involved for future reference.
Who needs a performance deed of trust:
01
Real estate developers or contractors who are seeking financing for a construction project may need a performance deed of trust to secure their obligations to the lender.
02
Individuals or businesses who have obtained a loan or line of credit and must provide collateral may be required to execute a performance deed of trust.
03
In some cases, a performance deed of trust may also be utilized in legal settlements or court-ordered judgments to ensure the timely completion of certain actions.
It is important to note that the specific requirements and regulations pertaining to performance deeds of trust can vary based on jurisdiction and the nature of the transaction. It is advisable to consult with a legal professional or mortgage specialist to ensure compliance with local laws and to address any specific concerns or requirements.
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What is performance deed of trust?
A performance deed of trust is a legal document that ensures a borrower will fulfill their obligations under a loan agreement.
Who is required to file performance deed of trust?
The borrower is typically required to file a performance deed of trust.
How to fill out performance deed of trust?
To fill out a performance deed of trust, you will need to provide information about the loan agreement, the property involved, and the obligations of the borrower.
What is the purpose of performance deed of trust?
The purpose of a performance deed of trust is to protect the lender in case the borrower fails to fulfill their obligations under the loan agreement.
What information must be reported on performance deed of trust?
Information such as the loan amount, the property involved, and the obligations of the borrower must be reported on a performance deed of trust.
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