California Deed of Trust: Non-Borrower/Third-Party Trustor Provisions | Practical Law
Pro-lender Standard Clauses for use in a California deed of trust where the lender's security is commercial real estate owned by a party that is not the borrower of the loan. The party owning the real estate is considered a non-borrower or third-party trustor with suretyship and other rights that the lender should require the party to waive. These Standard Clauses have integrated notes with important explanations and drafting tips.