Trustor definition

Trustor means a borrower under a deed of trust, who deeds property to a trustee as security for the payment of a debt.
Trustor has the meaning specified in the first sentence of this Agreement.
Trustor means the institution designated as such in the Trust Agreement and its permitted successors.

Examples of Trustor in a sentence

  • If Trustor breaches any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in performing such covenants or protecting its security interest in the Property.

  • For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: The property is located in ............................................................

  • Trustor agrees that the covenants in this section are material obligations under the Secured Debt and this Security Instrument.

  • The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary.

  • To the extent permitted by the United States Bankruptcy Code, Trustor agrees to pay the reasonable attorneys' fees Beneficiary incurs to collect the Secured Debt as awarded by any court exercising jurisdiction under the Bankruptcy Code.


More Definitions of Trustor

Trustor means an individual who creates an inter vivos or a testamentary trust.
Trustor means a person, including a testator, who creates, or contributes property to, a trust.
Trustor means (i) with respect to the First Trust Agreement, VWFSJ and (ii) with respect to the Second Trust Agreement, MHSC.
Trustor means a person, including a testator, who creates,
Trustor has the meaning specified in the Trust Agreement.
Trustor or “Participant” means a person who participates in the Fund under a Trust Agreement.
Trustor means the person conveying real property by a trust deed as security for the performance of an obligation.