Deed of Trust Defined

2 CMC § 4613 — under Deed of Trust Act.

2 CMC § 4613

TITLE 2: NATURAL RESOURCES

DIVISION 4: LAND RESOURCES

§ 4613. Deed of Trust Defined. A deed of trust is a conveyance of the fee simple interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument. A deed of trust complying with the terms and conditions of this chapter shall be deemed as a lien or encumbrance upon real property. Source: DL 5-42, § 3.