Fill and Sign the Sample Answers to Interrogatories Personal Injury Attorneys 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
Title or legal title to any portion thereof, whether of such legal title or such title to any portion thereof has vested in any person or persons who are not the beneficiaries hereunder. 3. Mortgages, sales, and other disposal of property no person, partnership, entity, or person shall be deemed entitled to hold title or have a right or interest in any real estate under this agreement or any portion thereof from any or all of the owners of real estate. This agreement shall not impair the legal status of any person, partnership, entity, or person entitled to hold title or have a right or interest in real estate under this agreement or any portion thereof. 4. Mortgages, sales, and other disposition of real estate no person, partnership, entity, or person shall be deemed entitled to hold title or have a right or interest in any real estate under this agreement unless the person, partnership, entity, or person has a written mortgage or other similar security as provided in this agreement, and has the intent to hold title for the benefit of the holders thereof. If a person, partnership, entity, or person is held against such mortgage or other security in any deed thereof or other writing which is not a written and executed mortgage or other security pursuant to the terms herein provided, such mortgage or other security shall not constitute a valid and binding obligation if the real estate upon which the mortgage or other security is taken is the subject of such mortgage or other security. (if all or substantially all the interest in a loan or other loan security is owned in whole, or in major part, by one or more owners of real estate, the term “mortgage" shall not include such title to any such real estate.) 5. Use and disposition of real estate no real estate shall pass to a beneficiary hereunder by operation of law at the death of any beneficiary thereunder. If no beneficiary has been named as a beneficiary hereunder, the real estate shall pass to the state treasurer upon payment to the state treasurer in cash of all taxes and assessments due on the real estate as required by law or by any rules adopted pursuant thereto and to the office of mortgage foreclosure as required by applicable law or upon execution in lieu thereof of any such deed of trust or other trust document. If any court has declared and adjudged that any real estate as herein before granted has been taken by operation of law in violation of the provisions of this agreement, the state treasurer shall promptly pay to each beneficiary, or to the state treasurer, if none, and to each.