Designate a trustee to hold the land title. You should select someone you trust to serve as your agent.A Maryland deed of trust is a type of deed that conveys a mortgage interest in a property to a bank. This is filed with the Land Records department. There should be least three parties are required to form a trust. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. The Borrower hereby, upon Borrower's breach of any covenant or agreement of Borrower in this Deed of Trust, including paragraphs 5, 11 and 19 hereof and all. Research Similar Organizations. Conduct a market analysis to identify other organizations that have similar purposes to your intended organization. For example, in Colorado, you need a Special Warranty Deed.