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Common use of Trustee Acceptance Clause in Contracts

Trustee Acceptance. Trustee accepts this trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other deed of trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.

Appears in 4 contracts

Samples: Development Impact Fee Deferral Agreement, Deed of Trust and Security Agreement, Deed of Trust and Security Agreement

Trustee Acceptance. That Trustee accepts this trust Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided provide by law. Trustee is not obligated to notify any party hereto of pending sale under any other deed of trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.

Appears in 1 contract

Samples: Loan Agreement

Trustee Acceptance. Trustee accepts this trust when this Deed of Trust, duly xxxx executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other deed of trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.

Appears in 1 contract

Samples: Deed of Trust