Security Trust Deed
Trustee hold Security for Lenders
Deed of Trust Format of a Security Trust Deed where the Borrower is providing Secured Property on Trust as security for the Facility granted by the Lender(s). The Trustee will hold the benefit of the Security on trust for the Lender(s) as represented by the Agent.
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The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.
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Document Description
As a Deed of Trust Format, this document can be used as a template of Security Trust Deed where the Borrower is providing Secured Property on Trust as security for the Facility granted by the Lender(s). The Trustee will hold the benefit of the Security on trust for the Lender(s) as represented by the Agent.
How to use this Document?
This document should be carefully read by the Individual Borrower and Trustee.
The Security Interests and relevant covenants should be clearly stated in the Security Trust Deed.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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