San Antonio Texas Consent to Easement by Mortgagee Or Beneficiary in Deed of Trust

State:
Multi-State
City:
San Antonio
Control #:
US-OG-309
Format:
Word; 
Rich Text
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Description

This form is used when a Consenting Party consents to Owner granting an Easement and Right of Way to the extent necessary to allow aGrantee in an Easement the right to make full use of the Easement and Right of Way granted, and the surface of the lands included in the Easement and Right of Way.

San Antonio Texas Consent to Easement by Mortgagee or Beneficiary in Deed of Trust is a document that allows a mortgagee or beneficiary to give consent for the creation of an easement on the property secured by the deed of trust. An easement is a legal right granted to a third party to use a portion of someone else's property for a specific purpose. These purposes can vary widely and may include granting access to a utility company for the installation of power lines or allowing a neighbor to pass through the property to access their own land. In San Antonio, Texas, there are several types of consent to easement by mortgagee or beneficiary in deed of trust that may arise. These include: 1. Utility Easements: Utility companies often require access to properties for installing, maintaining, or repairing utility infrastructure like power lines, pipelines, or telecommunication cables. The mortgagee or beneficiary may need to grant consent for these utility easements to be established. 2. Access Easements: When a neighboring property does not have direct access to a public road, they may require an access easement through another property to provide a legal rite of passage. The consent of the mortgagee or beneficiary may be necessary in such cases. 3. Conservation Easements: In some cases, property owners may voluntarily establish conservation easements to protect natural resources, wildlife habitats, or scenic areas. The mortgagee or beneficiary may have to provide consent to these easements to ensure it doesn't negatively impact their interest in the property. 4. Recreational Easements: Landowners may grant recreational easements to allow public access for activities like hiking, hunting, or fishing. The consent of the mortgagee or beneficiary may be required when establishing such easements. When drafting a San Antonio Texas Consent to Easement by Mortgagee or Beneficiary in Deed of Trust, it is essential to include specific details such as the legal description of the property, the nature and purpose of the easement, any rights or restrictions, and the duration of the easement. The document should be signed by both the mortgagee or beneficiary and the property owner. Before finalizing any consent to easement, it is advisable to consult with a real estate attorney to ensure compliance with local laws and regulations.

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FAQ

Defeasance Clause Deeds of trust use a reconveyance clause.

Which of the following would not be on a deed of trust? The answer is interest rate. In the typical real estate sales transaction, the seller gives the buyer a deed at closing and the buyer gives the lender a promissory note and a security instrument (i.e., a mortgage or trust deed) that creates a lien on the property.

The correct answer is d. the property. The principal of the trust is the property contributed to the trust; it is not a party to the trust.

A deed of trust is the most commonly used mortgage instrument in Texas for both residential and commercial transactions. A mortgage has also been described as a grant of fee on condition of the payment of a debt.

Deed of Trust has how many parties and who are they? 3 Parties - Lender (beneficiary), Borrower (Trustor), Trustee (bank officer that is appointed. You just studied 47 terms!

A defeasance clause is a term within a mortgage contract that states the property's title (a fancy word for ownership) will be transferred to the borrower (mortgagor) when they satisfy payment conditions from the lender (mortgagee).

A deed of trust involves three parties: a lender, a borrower, and a trustee.

A deed of trust is a legal agreement that's similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.

Beneficiary. Which of the following is NOT a party to a trust deed? The trustor is also known as the: borrower.

An "acceleration clause" in a mortgage or deed of trust allows the lender, or current loan holder, to demand repayment in full if the borrower defaults on the loan.

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More info

Anyone who purchases the land will take title under and subject to the terms of the easement. 20 An ex- press vendor's lien is different from a regular mortgage.Box 65119, San Antonio, TX 78265 (referred to below as "Trustee"). App.—San Antonio 2012, pet. denied). —San Antonio 1987, no writ), the court noted. One of the main differences between a Mortgage Agreement and a Deed of Trust is the parties who are involved in the transaction. Granted or Reserved in a Deed (May 1, 2000) .

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San Antonio Texas Consent to Easement by Mortgagee Or Beneficiary in Deed of Trust