North Carolina Deed of Trust

Transfer title to a North Carolina property from a seller to a trustee with this North Carolina Deed of Trust template.

• A Deed of Trust can be used instead of a mortgage to purchase real estate, except for agricultural farm land.
• Title to the property is conveyed not to the purchaser, but to a trustee who holds it as security to ensure the purchaser performs its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• Just like with a mortgage, if the purchaser defaults in making any payments, the entire balance immediately becomes due and the trustee can sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• Any attorney's fees payable by a party under the Trust Deed must be reasonable.

This North Carolina Deed of Trust form is provided in MS Word format, and is fully editable to meet your needs.