A deed of trust is given as security for a debt. In this article, we break down the fundamental requirements and procedures for executing a Deed of Trust in Arizona.In a real estate transaction—the purchase of a home, say—a lender gives the borrower money in exchange for one or more promissory notes linked to a trust deed. Find the deed on the maricopa county recorder's office. The recording number the link you click to view the document. No. If you have a promissory note that is just a personal debt instrument that says XXXXXX owes you money. Which states are mortgage states and which are deed of trust states including a table showing this information for each state. Learn how the Arizona foreclosure process works, including preforeclosure steps, state foreclosure laws, and homeowner rights.