Iowa Code 614.14 – Real estate interest transferred by trustee
Terms Used In Iowa Code 614.14
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- oath: includes affirmation in all cases where an affirmation may be substituted for an oath, and in like cases the word "swear" includes "affirm". See Iowa Code 4.1
- Oath: A promise to tell the truth.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Iowa Code 651.1
- Recording: when applied to the official public records of a probate or other court, includes filing. See Iowa Code 614.29
- State: includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States. See Iowa Code 633D.2
- Trustee: A person or institution holding and administering property in trust.
- year: means twelve consecutive months. See Iowa Code 4.1
I, ………………………., being first duly sworn and under oath state of my personal knowledge that: [1] I am the trustee under the trust dated ………………………., to which the above-described real estate was conveyed to the trustee by ………………………., pursuant to an instrument recorded the ………… day of …………………… [month], ……………. [year], recorded in the office of the …………………… County Recorder in …………………… [insert recording data]. [2] I am the presently existing trustee under the trust and am authorized to ………………………. [describe the transfer to be made by the trustee to the bona fide purchaser], without any limitation or qualification whatsoever. [3] The trust is in existence and I as trustee am authorized to transfer the interests in the real estate as described in paragraph [2], free and clear of any adverse claims. …………………………………………….[signature of affiant] Sworn to and subscribed before me by ……………………………… on this ……………. day of …………………… [month], ……………. [year] …………………………………………….[Notary Public in and for the State of ……………………]
I, ………………………., being first duly sworn and under oath state of my personal knowledge that: [1] ………………………. is the trustee under the trust dated ……………………, to which the above-described real estate was conveyed to the trustee by ……………………, pursuant to an instrument recorded the ………… day of …………………… [month], ……………. [year], recorded in the office of the …………………… County Recorder in …………………… [insert recording data]. [2] ………………………. is the presently existing trustee under the trust and is authorized to ………………………….. [describe the transfer to be made by the trustee to the bona fide purchaser], without any limitation or qualification whatsoever, and I am …………………… [officer] of the corporate trustee. [3] The trust is in existence and …………………… as trustee is authorized to transfer the interests in the real estate as described in paragraph [2], free and clear of any adverse claims. …………………………………………….[signature of affiant] Sworn to and subscribed before me by ………………………………, on this ……………. day of …………………… [month], ……………. [year] …………………………………………….[Notary Public in and for the State of ……………………]