This agreement shall inure to the benefit of and be binding upon the heirs, devisees, successors and assigns of the parties hereto. Stepbystep guide on how to transfer property to a living trust in California preparing deeds, recording with the county and more.Trustor warrants that this Deed of Trust is and will remain a valid and enforceable first lien on the Premises, subject only to the Approved Title Exceptions. The trustee's job is to manage the property in the trust for the benefit of the beneficiaries in the way the settlor has asked. What powers does a trustee have? Said deed of trust modified and supplemented shall constitute one deed of trust. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9334 and 2A309 of the Uniform Commercial Code. In addition to deed paperwork, you will also need to sign a Preliminary Change of Ownership form (PCOR).