Arizona Laws 33-815. Method of indexing
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Every trust deed, substitution of trustee, notice of resignation of trustee, request for notice, assignment of beneficial interest under a trust deed, notice of sale, cancellation of notice of sale or deed of release entitled to recordation under the provisions of this chapter shall be indexed in the same manner as mortgages, with the trustor indexed as mortgagor, and if the name of the beneficiary appears on the instrument being recorded, his name or that of his successor shall be indexed as mortgagee. If the name of the beneficiary does not appear on the instrument being recorded the name of the trustee, or his successor, shall be indexed as mortgagee.
Terms Used In Arizona Laws 33-815
- Beneficiary: means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or the person's successor in interest. See Arizona Laws 33-801
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Trustee: means an individual, association or corporation qualified pursuant to section 33-803, or the successor in interest thereto, to whom trust property is conveyed by trust deed. See Arizona Laws 33-801
- Trustee: A person or institution holding and administering property in trust.