Both a mortgage and a deed of trust serve similar purposes, but which might be right for you when buying a home, and who are the parties involved? Trust Deed; Vacation.A successfully recorded document consists of two (2) items: your document and the correct payment for recording 1. I'm just going to take you through the exact process of how to fill out a deed of trust exactly and you can see what I mean it's very straight forward. Most mortgage holders have a form you fill out and submit before changing the title between the individual owners and their revocable trust. First, you'll need to prepare and sign a new deed for the property. You'll usually need a grant form or quit claim form to transfer the deed. A Deed of Trust is typically used in combination with a Promissory Note or Mortgage Agreement which sets out the amount and terms of the loan agreement. Sample Real Property and Land Documents: Deeds.