Fill and Sign the Land Trust Agreementgeneral Form

Land Trust Agreement This Trust Agreement is made on the _________________ (date), to certify that ___________________________ (name), a Banking Corporation organized under the laws of the United States, with its principal office located at ___________________________________ _____________________________________ (street address, city, county, state, zip code), hereinafter called Trustee, as Trustee, is about to take title to the following-described real estate in _____________________ (Name of County and State): (insert legal description) ______ ___________________________________________________________________________. This Trust Agreement is to further certify that, when Trustee has taken the title to the described real estate, or to any of the real estate deeded to it as Trustee, Trustee will hold it for the uses and purposes and on the trusts set forth in this Agreement. 1. BeneficiariesThe following named persons are the Beneficiaries of this Trust, and as such shall be entitled to the earnings and proceeds of the Trust property according to the respective interests, as follows: Name Address Interest _____________________ _________________________________ ________________ _____________________ _________________________________ ________________ _____________________ _________________________________ ________________ 2. Interests of Beneficiaries as PersonaltyThe interests of the Beneficiaries shall consist solely of a power of direction to deal with title to the Trust property, a power to manage and control the property as provided in this Agreement and the right to receive the proceeds from rentals and from mortgages, sales, or other disposition of the property. The right to the proceeds of the property shall be deemed to be personal property and may be assigned and transferred as such. In case of the death of any Beneficiary during the existence of this Trust, the Beneficiary's right and interest under this Agreement shall, except as otherwise specifically provided, pass to the Beneficiary's executor or administrator, and not to his or her heirs at law. No Beneficiary now has or shall have any right, title, or interest in or to any proportion of any real estate as such, either legal
Value or proportionate interest therein, under this trust agreement, except as a beneficiary may buy will or other order delegate his or her right and interest under this agreement. It is understood and agreed by and between the parties that the beneficiaries of this trust agree to all or any of the following in respect to their interest as realty under this trust agreement: that they will not transfer any part of these interest; if they do, this will have no effect on any other trust they may have under this trust agreement; that such transfers will be effective upon their death; if they are not, they will be effective upon the transfer of the trust property into their names; that their rights and interests as beneficiaries hereunder shall not be affected by, or in any way modified by, any deed, mortgage, mortgage deed of trust, deed of trust, deed of gift, trust deed, or similar instrument or transaction between the trustee and any person other than the parties hereto, any sublessee or assignee of such other person, or other persons; and that no trust deed, trust deed of trust, trust deed of gift, trust deed of trust, deed of trust, or similar instrument or transaction may be executed or executed in a manner inconsistent with any of the foregoing statements. 3. Ownership of interest this trust agreement, together with the terms of the real estate trust (in addition to all other agreements made, entered into, or to be made pursuant to this agreement) shall not be construed to preclude or nullify existing rights or interests, or to limit the rights, or powers, or effect of any trust deeds, trust deeds of gift, trust deed of trust, or similar instrument or transaction hereunder or to confer upon any property acquired by the trust to any person or persons other than the parties hereto under the said trust agreement. 4. Transfer of interest. The assets of the trust, whether real estate or other, shall pass on the death, dissolution, death of trustees, or otherwise to the persons entitled thereto, whether such persons are then the beneficiaries of the trust. Each beneficiary of this trust agrees to make or cause to be made an assignment in trust of all title to the real estate heretofore described in trust, as provided in this agreement, as soon as practicable after the date on which such person becomes a beneficiary hereunder, subject to compliance with the requirements of title i of the trusts code. 5. Closing of trust an agreement between trustee and one or more beneficiaries of this trust signed on the date.