Fillable Printable Subordinate Deed of Trust - Utah

Subordinate Deed of Trust - Utah

UHC Form 040A

Rev 07/15

WHEN RECORDED MAIL TO:

UTAH HOUSING CORPORATION

SUBORDINATE DEED OF TRUST (MERS)

MIN:

THIS DEED OF TRUST is made on _______________________, _____________ between

______________________________________________________________________________(“Borrower"),

________________________________________________________________________________("Trustee"),

Mortgage Electronic Registration Systems, Inc. (“MERS”), (solely as nominee for Lender, as hereinafter

defined, and Lender’s successors or assigns). MERS is organized and existing under the laws of Delaware,

and has an address and telephone number of P. O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS,

(“Beneficiary”), and ___________________________________________________________("Lender").

Borrower owes the Lender the sum of __________________________________________________________________

and ______________________ /00 dollars ($________________________) evidenced by a Subordinate Note ("Note")

dated the same date as this Subordinate Deed of Trust. This Subordinate Deed of Trust secures (a) the repayment of the

debt evidenced by the Note, with interest, and (b) the repayment of all sums advanced by the Lender to enforce the Note.

Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described real property

located in ________________________________County, Utah (“Property”)

which has an address of

,Utah

("Property Address").

City

Zip Code

TOGETHER WITH all improvements hereafter erected on the Property, and all easements, rights of way, appurtenances,

rents, royalties, mineral, oil, and gas rights and profits, income, water appropriations, rights and stock and all fixtures

now or hereafter a part of the Property. All replacements and additions shall also be covered by this Subordinate Deed of

Trust. Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this

Deed of Trust; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender’s successors

and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and

sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Deed

of Trust.

This Subordinate Deed of Trust is subordinate in all respects to a Deed of Trust (the "Senior Deed of Trust") which is

amended by a Rider to Deed of Trust (the "Rider to Deed of Trust") encumbering the Property and which secures that

certain note (the "Senior Note") dated the same date as this Subordinate Deed of Trust.

Lender may require immediate payment in full of all sums secured by this Subordinate Deed of' Trust if:

1. Lender requires immediate payment in full of the Senior Note because Borrower is in default

under the Senior Note, the Senior Deed of Trust, or the Rider to Deed of Trust;

2. Lender requires payment in full of the Senior Note because all or part of the Property is

UHC Form 040A

Rev 07/15

transferred or occupied in violation of the terms of the Senior Deed of Trust or the Rider to

Deed of Trust;

3. Borrower transfers all or part of the Property, whether or not in violation of the Senior Deed

of Trust or the Rider to Deed of Trust;

4. Borrower is in default under the Subordinate Note or this Subordinate Deed of Trust; or

5. The Senior Note is prepaid prior to its maturity date (as defined in the Senior Note).

If circumstances occur which would permit Lender to require immediate payment in full, but Lender does not require

such payment, Lender does not waive its rights with respect to subsequent events.

Lender shall be entitled to collect all expenses incurred in pursuing its remedies, including, but not limited to, reasonable

attorneys' fees and costs of title evidence.

The proceeds of any award or claim for damages, direct or consequential, in connection with condemnation or other

taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to

Lender to the extent of the full amount of the indebtedness that remains unpaid under the Subordinate Note and this

Subordinate Deed of Trust, subject to the rights of Lender under the Senior Deed of Trust.

Borrower requests that any notice to the Borrower hereunder be mailed by first class mail to the Property Address.

Lender requests that any notice to the Lender be mailed by first class mail to the principal offices of Lender described

above, or any address Lender designates by notice to Borrower.

Name of Borrower

Borrower's Signature

STATE OF UTAH )

) ss

COUNTY OF ______________________________)

Subscribed and sworn to before me this _____ day of _______________________, 20____.

______________________________

Notary Public

My Commission Expires: Residing at:

MORTGAGE LOAN ORIGINATOR:

NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY IDENTIFICATION NUMBER:

MORTGAGE LOAN ORIGINATION COMPANY:

NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY IDENTIFICATION NUMBER: