Common use of Substitute Trustee Clause in Contracts

Substitute Trustee. The Lender may, at its option, from time to time appoint a successor trustee by an instrument executed and acknowledged by Xxxxxx and recorded in the office of the Recorder of the county in which the property is located. The instrument will contain the name of the original Lender, Trustee, and Xxxxxxxx, the book and page where this Deed is recorded, and the name and address of the successor Trustee. Without conveyance of the Property, the successor Trustee will succeed to all the title, powers, and duties of the Trustee.

Appears in 10 contracts

Samples: esign.com, esign.com, esign.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.