76-1001. Terms, defined.
188 words·~1 min read·
/ne/chapter-76/76-1001A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in sections 76-1001 to 76-1018 , unless the context otherwise requires:
(1)Beneficiary shall mean the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or his successor in interest;
(2)Trustor shall mean the person conveying real property by a trust deed as security for the performance of an obligation;
(3)Trust deed shall mean a deed executed in conformity with sections 76-1001 to 76-1018 and conveying real property to a trustee in a trust to secure the performance of an obligation of the grantor or other person named in the deed to a beneficiary;
(4)Trustee shall mean a person to whom title to real property is conveyed by trust deed, or his successor in interest;
(5)Real property shall mean any estate or interest in land, including all buildings, fixtures and improvements thereon and all rights-of-way, easements, rents, issues, profits, income, tenements, hereditaments, privileges and appurtenances thereunto belonging, used or enjoyed with said land, or any part thereof; and
(6)Trust property shall mean the real property conveyed by the trust deed.