The Second Lien Deed of Trust is commonly used when property owners need additional financing beyond their primary mortgage. This instrument, widely used in U.S. real estate transactions, provides lenders with security while explicitly acknowledging their subordinate position to the first lienholder. It includes crucial provisions about property maintenance, insurance requirements, payment terms, and default remedies. The document is particularly important in scenarios involving property improvements, debt consolidation, or business expansion where additional financing is needed but the primary mortgage remains in place.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the Trustor (borrower), Trustee, and Beneficiary (lender)
2. Background: States the existence of first lien and circumstances leading to second lien
3. Definitions: Key terms used throughout the deed of trust
4. Property Description: Legal description of the secured property
5. Security Interest: Declaration of the security interest being granted
6. Payment Terms: Terms of repayment including amount, interest, and schedule
7. Covenants: Borrower's obligations regarding property maintenance, insurance, and taxes
8. Default Provisions: Events of default and remedies
9. Subordination Terms: Explicit acknowledgment of subordinate position to first lien
1. Environmental Provisions: Environmental warranties and indemnities for commercial properties or properties with potential environmental risks
2. Assignment of Rents: Right to collect rents upon default for income-producing properties
3. Due-on-Sale Clause: Acceleration of debt upon property transfer when lender wants to prevent unauthorized transfers
4. Cross-Default Provisions: Default triggers from other loans when borrower has multiple loans with same lender
1. Property Description Schedule: Detailed legal description of the property including boundaries and easements
2. Permitted Encumbrances Schedule: List of approved existing liens and encumbrances
3. Payment Schedule: Detailed amortization schedule
4. Insurance Requirements Schedule: Specific insurance requirements and minimum coverage amounts
5. Prior Liens Schedule: Details of the first lien and any other senior liens
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Package Deed Of Trust
A U.S. legal instrument that creates a three-party security interest in real property, combining standard provisions into a comprehensive package.
find out more
Deed Of Trust Refinance
A U.S. legal document securing a refinanced loan with real property as collateral, typically used in deed of trust states.
find out more
Deed Of Trust Notary
A U.S. legal document creating a security interest in real property, requiring notarization and involving trustor, trustee, and beneficiary.
find out more
Trustee's Deed Foreclosure
A U.S. legal document transferring property ownership after a foreclosure sale under a deed of trust.
find out more
Trust Deed Of Amendment
A U.S. legal document used to modify existing trust agreements while maintaining compliance with federal and state trust laws.
find out more
Trust Deed Mortgage
A U.S. legal instrument that creates a three-party security interest in real property, transferring legal title to a trustee as loan security.
find out more
Tenancy In Common Trust Deed
A U.S. legal document establishing a trust for property held by multiple owners as tenants in common, defining ownership rights and management responsibilities.
find out more
Second Deed Of Trust Foreclosure
A U.S. legal document initiating foreclosure proceedings on a property secured by a second deed of trust, following state-specific foreclosure laws.
find out more
Revocable Tod Deed
A legal document used in the United States that transfers real property to designated beneficiaries upon the owner's death, while remaining revocable during the owner's lifetime.
find out more
Owelty Deed Of Trust
A U.S. legal instrument that secures a lien created during property division in divorce settlements to ensure equalization of equity between spouses.
find out more
Joint Mortgage After Trust Deed
A U.S. legal document establishing a joint mortgage arrangement on property held under a trust deed, creating shared borrower obligations and security interests.
find out more
Deed To Secure Debt
A Georgia-specific security instrument that transfers property title to a lender as collateral for a loan, while allowing the borrower to maintain possession.
find out more
Trustee Of Deed Of Trust
A U.S. legal document establishing trustee responsibilities in a deed of trust arrangement, commonly used in real estate financing.
find out more
Deed Of Trust Divorce
A U.S. legal instrument establishing a trust to manage and transfer property as part of divorce proceedings.
find out more
Deed Of Trust After Marriage
A U.S. legal document that transfers property into a trust after marriage, subject to state trust and marital property laws.
find out more
Home Equity Conversion Deed Of Trust
A U.S. legal instrument securing a reverse mortgage loan against a property, complying with federal FHA/HUD requirements.
find out more
Living Trust Deed Property
A U.S. legal document creating a living trust for property management and transfer, governed by federal and state trust laws.
find out more
Unreleased Deed Of Trust
A U.S. real estate security instrument that remains active on property records despite satisfaction of the underlying debt.
find out more
Trustee Warranty Deed
A U.S. legal instrument used by trustees to transfer real property with title warranties to a grantee.
find out more
Revolving Credit Deed Of Trust
A U.S. security instrument creating a property lien to secure a revolving credit facility, commonly used in deed of trust states.
find out more
Note Secured By Deed Of Trust Straight Note
A U.S. legal instrument evidencing a debt secured by real property through a deed of trust, establishing repayment terms and security interest.
find out more
Money Trust Deed
A U.S. legal document establishing a trust relationship for monetary assets, defining trustee powers and beneficiary rights under federal and state trust laws.
find out more
Joint Tenancy Deed Of Trust
A U.S. legal document combining joint property ownership rights with a trust structure for enhanced property management and succession planning.
find out more
Home Equity Conversion Second Deed Of Trust
A U.S. legal instrument securing a reverse mortgage as a secondary lien on a property, subject to federal and state regulations.
find out more
Existing First Trust Deed Loan
A U.S. legal instrument governing an existing first-position trust deed loan secured by real property.
find out more
Deed Of Partial Reconveyance
A U.S. legal document that releases a portion of property from a deed of trust while maintaining security interest on the remaining property.
find out more
Commission Approved Deed Of Trust
A U.S. state commission-approved security instrument that creates a three-party arrangement to secure real property as collateral for a loan.
find out more
Absolute Trust Deed
A U.S. legal document creating an irrevocable transfer of assets from a settlor to trustees for specified beneficiaries' benefit.
find out more
Trust On Death Deed
A U.S. legal document that transfers real property to designated beneficiaries upon the owner's death, avoiding probate.
find out more
Deed Of Trust Beneficiary
A U.S. legal document establishing a security interest in real property through a three-party trust arrangement.
find out more
Second Lien Deed Of Trust
A U.S. legal document creating a subordinate security interest in real property, second in priority to an existing first mortgage or deed of trust.
find out more
Deed Of Vesting Of Trust
A U.S. legal document that formally transfers ownership of assets from an individual or entity to a trust structure.
find out more
Deed Of Confirmation Of Trust
A U.S. legal document that formally confirms the existence and terms of a trust arrangement.
find out more
Short Deed Of Trust
A U.S. legal instrument that creates a security interest in real property, involving a trustor, trustee, and beneficiary.
find out more
Reverse Mortgage Deed Of Trust
A U.S. legal document securing a reverse mortgage loan against property, compliant with FHA and HUD requirements.
find out more
Grant Deed To A Revocable Trust
A U.S. legal document transferring real property ownership from an individual or entity to a revocable trust, subject to state-specific requirements.
find out more
Grant Deed And Deed Of Trust
A U.S. legal document that combines property transfer with loan security, used in real estate transactions where trust deed financing is preferred.
find out more
Future Advance Deed Of Trust
A U.S. legal document creating a security interest in real property to secure both current and future loans or advances.
find out more
Warranty Deed And Deed Of Trust
A U.S. legal document that combines property transfer (warranty deed) with loan security (deed of trust) in real estate transactions.
find out more
Deed Of Beneficial Interest
A U.S. legal document that establishes and evidences a beneficiary's interest in trust property or assets.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)