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Forms 1- 20 of 20 Available for 'Land Trusts'

Land Trust Agreement and Conveyance  

Land trust agreement and conveyance. The words "Initial Beneficiaries" mean the following persons, whose names, addresses and initial pro rata Beneficial Interests in this Land Trust are: ___. The words "Beneficiary Majority" mean Beneficiaries (or their legal representatives) who, according to the Trustee's records, together own a majority of the Beneficial Interests in this Land Trust.

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Short Form  

Grantor, of ___[address], for and in consideration of $___ and other valuable consideration, conveys and quitclaims to ___[name], its successor or successors as trustee under a trust agreement dated ___, the following described real estate in the County of ___, State of ___: ___[legal description], referred to as the real estate, to have and to hold the real estate with the appurtenances on the trust and for the purposes set forth in this deed in trust ...

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Trustee's Certification  

___[Name of trustee] certifies that it is trustee under the terms of a certain trust agreement dated ___ and known as trust number ___ and that the attached is a true and correct copy of the trust agreement establishing this trust. ___[Name of trustee] does not by this certification make any warranties, representation, or certifications as to holdings of the trust, the state of title of any real property held by the trust, or any assignment beneficial not acknowledged ...

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Trust Agreement-General Form  

The right to the avails and proceeds of the property shall be deemed to be personal property and may be assigned and transferred as personal property. No assignment of any beneficial interest here shall be binding on trustee until the original or a duplicate of the assignment in a form satisfactory to trustee is delivered to trustee. In the event of this resignation, a successor or successors may be appointed by the person or persons then entitled to direct trustee in the disposition of the ...

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Deed in Trust-General Form  

Grantor, of ___[address], for and in consideration of $___ and other valuable consideration, conveys and quitclaims to ___[name], its successor or successors, as trustee under a trust agreement dated ___, the following described real estate in the County of ___, State of Illinois: ___[legal description], referred to as the real estate, to have and to hold the real estate with its appurtenances on the trusts and for the purposes here and in the trust agreement ...

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Among Beneficiaries Establishing Co-ownership  

1. The parties shall share in the earnings, income, and profits of the property in the following proportions: ___[set forth percentage of participation of each party]. 2. The parties shall open a checking account with ___[bank] under the name of ___, which account shall require the signature of ___[any two] of the parties for withdrawal. Each party shall be liable only for his or her share of the purchase price, taxes, special assessments, public liability insurance, ...

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Certificate of Partnership  

They are engaged in business as partners and constitute all the partners doing business under the name and style of: ___. The partnership is a beneficiary of ___[name of trustee] land trust number ___ under a trust agreement dated ___. So far as the partnership is concerned, the Trustee is authorized to act on directions given in the name of the partnership and executed by any ___[number] of the undersigned.

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Declaration of Appointment of Successor Trustee Where Agreement Fails to Provide for One—By Beneficiaries—Statutory Form—Illin  

3. That ___[name], a resident of ___[address], City of ___, County of ___, State of Illinois is designated by the undersigned to be successor trustee of the above trust. 4. That the names and addresses of the beneficiaries of the trust are as follows: ___[list]. 5. That the names and addresses of the beneficiaries of the trust having the power of direction, as undersigned, are as follows: ___[list].

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Combined Inter Vivos and Land Trust  

___[Name] as trustee under this instrument, is about to take legal and equitable title to the following described real estate in ___[city], ___[state], otherwise known as: ___[legal description]. When the trustee has taken title to the real estate or has accepted in writing title to any other property conveyed to it as trustee under this instrument, the trustee will hold it for the uses and purposes and on the trusts stated below. Any other property conveyed to the ...

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Direction to Convey  

Date of trustee's deed ___. Consideration to be shown in deed $___ and other good and valuable considerations. Deliver to ___[name and address].

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Alternative Provisions to Describe Beneficial Interests  

and if ___[wife's name], predeceases ___[husband's name], or after ___[husband's name] death, if ___[wife's name] has not previously sold, assigned, transferred or otherwise disposed of her interest and provided further that the Trust property has not previously been conveyed then to ___[children's names], their children [in joint tenancy or in undivided equal shares]." "___[Husband's name] and ___[wife's name], his wife as Joint Tenants, not a

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As Security for Loan  

There is no financing statement now on file in any public office covering any property of any kind that is included within this assignment or intended so to be, and so long as any amount remains unpaid on any indebtedness or liabilities of assignor to bank or any credit from bank to assignor is in use by or available to assignor, assignor will not execute and there will not be on file in any public office any financing statement or statements describing or attempting to describe the ...

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Alta Statement  

2. That, in the event the undersigned is a mortgagor in a mortgage to be insured under a loan policy to be issued pursuant to the above commitment, the mortgage and the principal obligations it secures are good and valid and free from all defenses; that any person purchasing the mortgage and the obligation it secures, or otherwise acquiring any interest in it, may do so in reliance on the truth of the matters recited here. The above statements are made by ___ not personally but as a ...

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General Direction for Trustee  

Description of document: ___[describe document, for example: mortgage or trust deed and note in the amount of $___ dated ___ to ___(name) of Assignment of Rents to ___(name) dated ___ or Lease to ___(name) as ___(Lessee or Lessor) for a term of ___(months or years) with a ___(monthly or annual) rental in the amount of $___ or Proof of Loss to ___(name of insurance company) on policy number ___ for $___ or plat of ...

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Complex Beneficiary Agreement  

The parties are all the beneficial interest holders of a certain Land Trust known as ___[name of trustee] Trust No. The parties enter into this Agreement to provide for the orderly management of the property and to provide for the methods by which sale of any beneficial interest may be made. 2. The parties shall share in the earnings, losses and avails of the property in the proportion in which they hold beneficial interest.

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With Transferable Certificates of Beneficial Interest  

This agreement made ___[date], between ___[name], of ___[address], ___[name], of ___[address], and ___[name], of ___[address], referred to as beneficiaries, and ___[corporate name], a corporation organized and existing under the laws of the State of ___, referred to as trustee. A. Beneficiaries have caused to be conveyed to trustee the following described property: ___[legal description], this property and all other property conveyed...

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Resolution of Board of Directors  

Resolution of board of directors. "Be it resolved that this corporation enter into a trust agreement with ___[name] as trustee under an agreement dated ___ and known as trust number ___, in which this corporation shall be designated as a beneficiary in the assignment of beneficial interest under that trust, and that agreement or assignment is executed on behalf of the corporation by any ___[number] of the officers described here. The subject matter of the trust ...

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Agreement to Extend Term of Trust  

Agreement to extend term of trust. In and for consideration of the sum of $___[One Dollar] and other valuable consideration, the receipt and sufficiency of which are acknowledged, Beneficiaries and Trustee agree that the trust shall continue under the same terms and conditions for an additional ___[20] years. Executed by Beneficiaries and Trustee on this ___[date].

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Protection of Third Parties Dealing with Trustee  

Protection of third parties dealing with trustee. No party dealing with trustee in relation to the trust property in any manner whatsoever and, without limiting the foregoing, no party to whom the property or any part of it or any interest in it is conveyed, contracted to be sold, leased or mortgaged by trustee, shall be obliged: (a) to see to the application of any purchase money, rent, or money borrowed or otherwise advanced on the property; (b) to see that the terms of this trust ...

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Alternative Designation of Beneficiaries  

During the life estate of ___ [name] the beneficial interest cannot be disposed of, assigned, or encumbered without the written consent of ___ [name of remainder holder] ] or ___ [For a general partnership: ___ [name of partnership] a partnership consisting of ___ [names of individual partners] ] or ___ [For a limited partnership: ___ [name of partnership] a limited partnership whose general partners are ___ [names] ] or ___ [For a joint ...

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