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Deed Of Trust Loan Agreement
"I need a Deed of Trust Loan Agreement for a £500,000 loan from my family trust to my new business venture, with quarterly interest payments and full repayment by March 2025, secured against my commercial property in Manchester."
1. Parties: Identification of the lender, borrower, and trustees
2. Background: Context of the loan and trust arrangement
3. Definitions: Key terms used throughout the agreement
4. Trust Declaration: Formal declaration of trust and its purpose
5. Loan Terms: Amount, interest rate, repayment terms
6. Trustees' Powers and Duties: Scope of trustees' authority and responsibilities
7. Security: Details of any security provided for the loan
8. Default Provisions: Consequences of default and remedies
9. Execution: Signature blocks and attestation
1. Additional Borrower Covenants: Extra promises by borrower - used for complex commercial arrangements
2. Guarantee Provisions: Terms of any guarantee - used when loan is guaranteed by third party
3. Tax Provisions: Treatment of tax implications - used for larger commercial loans
4. Assignment Provisions: Rules for transferring rights - used when transfer rights are important
1. Schedule 1 - Loan Details: Detailed breakdown of loan amount, interest calculations, and payment schedule
2. Schedule 2 - Security Details: Description of any assets provided as security
3. Schedule 3 - Trust Property: Details of property held in trust
4. Appendix A - Form of Notice: Standard form notices for various situations
5. Appendix B - Payment Mechanics: Detailed payment procedures and bank details
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