Assignment of Deed of Trust Template

TD72-8-10. DEED OF TRUST (Due on Transfer Strict) Page 5 of 5
24.2. If a Transfer occurs and should Lender not exercise Lender’s option pursuant to this § 24 to Accelerate, 233
Transferee shall be deemed to have assumed all of the obligations of Borrower under this Deed of Trust including all sums secured 234
hereby whether or not the instrument evidencing such conveyance, contract or grant expressly so provides. This covenant shall run 235
with the Property and remain in full force and effect until said sums are paid in full. Lender may without notice to Borrower deal 236
with Transferee in the same manner as with Borrower with reference to said sums including the payment or credit to Transferee of 237
undisbursed reserve Funds on payment in full of said sums, without in any way altering or discharging Borrower’s liability 238
hereunder for the obligations hereby secured. 239
24.3. Should Lender not elect to Accelerate upon the occurrence of such Transfer then, subject to § 24.2 above, the 240
mere fact of a lapse of time or the acceptance of payment subsequent to any of such events, whether or not Lender had actual or 241
constructive notice of such Transfer, shall not be deemed a waiver of Lender’s right to make such election nor shall Lender be 242
estopped therefrom by virtue thereof. The issuance on behalf of Lender of a routine statement showing the status of the loan, 243
whether or not Lender had actual or constructive notice of such Transfer, shall not be a waiver or estoppel of Lender’s said rights. 244
25. Borrower’s Copy. Borrower acknowledges receipt of a copy of the Note and this Deed of Trust. 245
246
EXECUTED BY BORROWER. 247
IF BORROWER IS NATURAL PERSON(s):
doing business as
IF BORROWER IS CORPORATION:
ATTEST:
Name of Corporation
By
Secretary
President
(SEAL)
IF BORROWER IS PARTNERSHIP:
Name of Partnership
By
A General Partner
IF BORROWER IS LIMITED LIABILITY COMPANY:
Name of Limited Liability Company
By
Its Authorized Representative
Title of Authorized Representative
STATE OF COLORADO
COUNTY OF
The foregoing instrument was acknowledged before me this day of , 20 , by
* .
Witness my hand and official seal.
Notary Public
*If a natural person or persons, insert the name(s) of such person(s). If a corporation, insert, for example, “John Doe as President and Jane Doe as 248
Secretary of Doe & Co., a Colorado corporation.” If a partnership, insert, for example, “Sam Smith as general partner in and for Smith & Smith, 249
a general partnership.” A Statement of Authority may be required if borrower is a limited liability company or other entity (§ 38-30-172, C.R.S.)
250
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Assignment of Deed of Trust Template PDF

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