In Nevada, lenders like a deed of trust (or "trust deed") to give them security in case the borrower defaults. Some states use a mortgage for security,.For the Purpose of Securing: 1. Deed of Trust - Describes Note and Loan Number. Deed of Trust to secure an Indebtedness in the amount shown below, and any other obligations secured thereby: Which states are mortgage states and which are deed of trust states including a table showing this information for each state. A document that embodies the agreement between a lender and a borrower to transfer an interest in the borrower's land to a neutral third party, a trustee. Insert the property description information and the address in the Short Form Deed of Trust.