Security Trust Deed

Trustee hold Security for Lenders

No. of Prokens Required: 3 |

Download Security Trust Deed in Word or PDF format

Document Preview:

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.

The Lenders have agreed to make available to the Borrower the Facility upon the terms and conditions of the Facility Agreement.

The Trustee has agreed to act as trustee of this Deed and to hold the benefit of the Security Documents and the security thereby created on trust for the Lenders.

Pursuant to the provisions of the Facility Agreement, the Borrower has agreed to execute the Security Documents in favour of the Trustee to be held by it on trust for the Lenders in accordance with the terms and conditions of this Deed.

The Trustee shall hold all the covenants and other security interests made pursuant to any of the Security Documents for itself as a Lender at any time while it is the sole Lender participating in the Facility and at any other time on trust for itself and the Lenders rateably in proportion to their respective participation from time to time in the Facility.

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.

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.  

  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

                                                                                                    

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > Banking and Finance > Security Documents & Equitable Mortgage

 
Keywords:

trustee

,  

agent

,  

security trustee

,  

security

,  

secured property

,  

contract

,  

agreement

,  

security

,  

deed

,  

agent

,  

lender

,  

bank

,  

facility

,  

property

,  

deed of trust format

,  

deed of trust

,  

trust

,  

security trust

,  

deed of security trust

,