Assignment of Deed of Trust Template
TD72-8-10. DEED OF TRUST (Due on Transfer – Strict) Page 1 of 5
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. 1
(TD72-8-10) (Mandatory 1-11)
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IF THIS FORM IS USED IN A CONSUMER CREDIT TRANSACTION, CONSULT LEGAL COUNSEL. 4
THIS IS A LEGAL INSTRUMENT. IF NOT UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL SHOULD BE CONSULTED 5
BEFORE SIGNING. 6
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DEED OF TRUST 8
(Due on Transfer – Strict) 9
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THIS DEED OF TRUST is made this day of , 20 , between 11
(Borrower), whose address is ; 12
and the Public Trustee of the County in which the Property (see § 1) is situated (Trustee); for the benefit of 13
(Lender), whose address is 14
. 15
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Borrower and Lender covenant and agree as follows: 17
1. Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby 18
grants and conveys to Trustee in trust, with power of sale, the following legally described property located in the 19
County of , State of Colorado: 20
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known as No. (Property Address), 24
Street Address City State Zip 25
together with all its appurtenances (Property). 26
2. Note: Other Obligations Secured. This Deed of Trust is given to secure to Lender: 27
2.1. the repayment of the indebtedness evidenced by Borrower’s note (Note) dated in the 28
principal sum of Dollars (U.S. $ ), 29
with interest on the unpaid principal balance from until paid, at the rate of percent per 30
annum, with principal and interest payable at 31
or such other place as Lender may designate, in payments of 32
Dollars (U.S. $ ), due on the day of each beginning ; such 33
payments to continue until the entire indebtedness evidenced by said Note is fully paid; however, if not sooner paid, the entire 34
principal amount outstanding and accrued interest thereon shall be due and payable on ; and 35
Borrower is to pay to Lender a late charge of % of any payment not received by Lender within days after payment 36
is due; and Borrower has the right to prepay the principal amount outstanding under said Note, in whole or in part, at any time without 37
penalty except ; 38
2.2. the payment of all other sums, with interest thereon at % per annum, disbursed by Lender in accordance 39
with this Deed of Trust to protect the security of this Deed of Trust; and 40
2.3. the performance of the covenants and agreements of Borrower herein contained. 41
3. Title. Borrower covenants that Borrower owns and has the right to grant and convey the Property, and warrants title to 42
the same, subject to general real estate taxes for the current year, easements of record or in existence, and recorded declarations, 43
restrictions, reservations and covenants, if any, as of this date; and subject to . 44
4. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the 45
indebtedness evidenced by the Note, and late charges as provided in the Note and shall perform all of Borrower’s other covenants 46
contained in the Note. 47
5. Application of Payments. All payments received by Lender under the terms hereof shall be applied by Lender first in 48
payment of amounts due pursuant to § 23 (Escrow Funds for Taxes and Insurance), then to amounts disbursed by Lender pursuant 49
to § 9 (Protection of Lender’s Security), and the balance in accordance with the terms and conditions of the Note. 50
6. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower’s obligations under 51
any prior deed of trust and any other prior liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions 52
attributable to the Property which may have or attain a priority over this Deed of Trust, and leasehold payments or ground rents, if 53
any, in the manner set out in § 23 (Escrow Funds for Taxes and Insurance) or, if not required to be paid in such manner, by 54
Borrower making payment when due, directly to the payee thereof. Despite the foregoing, Borrower shall not be required to make 55
payments otherwise required by this section if Borrower, after notice to Lender, shall in good faith contest such obligation by, or 56
defend enforcement of such obligation in, legal proceedings which operate to prevent the enforcement of the obligation or 57
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