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TECHNOLOGY SERVICE PLATFORM OWNER DEVELOPER SELF EXECUTED EQUITABLE INTEREST TRUST DEED 2.0 -


When Recorded Mail To:               Exist Core Touchstone Document 2.0

Exist Holdings, Inc.
P.O Box 1880
Park City, UT 84060-1880

Tax Parcel No.: *
TECHNOLOGY SERVICE PLATFORM OWNER DEVELOPER SELF EXECUTED

EQUITABLE INTEREST TRUST DEED

 

THIS TECHNOLOGY SERVICE PLATFORM EQUITABLE INTEREST TRUST DEED, made this * day of *, 20* between PROPERTY OWNER, as Trustor, whose address is *, (City) * (State) * Zip Code: *, Worldwide Homeowners Association, Inc, and Exist Crypto, Inc., whose address is P.O. Box 1880, Park City, UT 84060-1880 as Limited Equitable Interest Holders (“Exist”) and the PROPERTY OWNER as Beneficiary.

Qualified PROPERTY OWNER’S Name: *

WITNESSETH: The Trustor Conveys and Warrants to Exist Crypto, Inc. certain rights associated with the operations and functions with the Exist Technology Platform as it pertains to and operates within the following described property, situated in (City) * (State) * Zip Code: .*USA

LEGAL DESCRIPTION HERE: (copy and paste in the text box below)

*

 

 

Together with all, occupancy, development, building, and maintenance of fixtures and improvements thereon, all water rights, rights of way, air rights, development of underdeveloped title of use easements, rents, issues, profits, income, tenements, hereditaments, carbon offsets, energy credits, energy efficiency credits, environmental credits, redevelopment credits, privileges, rights of transfer and appurtenances thereto belonging, now or hereafter used or enjoyed with said property, or any part thereof, SUBJECT, HOWEVER, to the right, power and authority hereinafter given to, assigned granted and conferred upon Exist Holdings Inc. and the Exist Family of Entities to collect and apply such beneficial values, interests, rents, issues, and profits;

1. FOR THE PURPOSE OF SECURING an equitable interest in the subject Real Property for and by the Owner’s use of the Exist Technology Services and Technology Platform that are provided by Exist Holdings Inc. through Exist Crypto Inc. for Qualified Members of Worldwide Homeowners Association Inc. in the land, in the amount of $* Dollars (USD) equal to the TOTAL STATED VALUE listed in the Exist Crypto Token Purchase and AVEC Equity Conversion Agreement associated with this document. The Technology Services Platform Equitable Interest Trust Deed which amount has been converted by Beneficiary into Exist Crypto Alternate Virtual Equity Credits and Exist Crypto ONUS. These documents are attached hereto as the first Exhibit A. In addition, the Exist Crypto ONUS Token Purchase Agreement attached hereto as Exhibit B to this document, further identifies the amount so stated above.

This instrument is an owner’s voluntarily self-executed non-interest-bearing Equitable Interest Trust Deed in all of Trustor’s equity interest in the Real Property.

2. FOR FURTHER PURPOSE OF SECURING an amount of Exist Crypto AVEC and ONUS ERC20 Tokens equal to * Dollars (USD), on the subject Real Property, which reflects the current unencumbered equity owned by Trustor as the Real Property owner and for the purpose of converting that equity to a digital representation of Owner’s wholly-owned and unencumbered equity in said Real Property referenced above, made to order by Exist Crypto, Inc, for the benefit of both Beneficiary and Trustor as a means of and for purpose of the record of account and for the purpose of the Trustor to consume, develop and/or occupy the subject Real Property as Owner/ Trustor sees fit.

3. FOR THE FURTHER PURPOSE OF SECURING an additional amount of Exist Crypto AVEC and ONUS ERC20 Tokens up to $ * Dollars (USD) in the equivalent of $100 USD per (One) 1 Token at the time of original equity conversion on subject Real Property, which Tokens are intended to reflect the value of any and all known Senior Encumbrances currently recorded against the subject Real Property, any funds obtained from any transfer under this section and the value listed above are required to be distributed by Trustor to and held in trust or escrow by a qualified intermediary and/or qualified financial institution as regulation may require, and then subsequently utilized for the benefit of Trustor in meeting Trustor’s financial obligations in the order they see fit. The amount above pertains to any Senior Encumbrance including a portion for reserves for any of the knowledgeable commitments entered into by Trustor as of the date of this recording or previously listed on Title of the subject Real Property. The subject Real Property has a current total Stated Valuation of $ * Dollars (USD), which amount shall be converted by Exist Crypto, Inc. for the benefit of the Property Owner, into Crypto ERC20 Ethereum compatible tokens as Alternate Virtual Equity Credits, made to order by Beneficiary, for the benefit of both Beneficiary and Trustor as a means of and for purpose of the record of account and for the purpose of the Trustor to consume, develop and/or occupy the subject Real Property as Owner/ Trustor sees fit.

Distributed Exist Crypto Alternate Virtual Equity Credits and or ONUS are a digital representation of Trustor’s wholly-owned unencumbered equity and its value representation in the form of ERC20 Tokens distributed on the Ethereum blockchain. Upon satisfaction or resolution of any senior encumbrance, then the value of any satisfied encumbrance against the value of the subject Real Property shall THEN be realized under this Trust Deed as an unencumbered equitable interest under the terms of this Trust Deed.

Upon execution of this Equitable Interest Trust Deed, the following Tokens shall be registered and recorded against the subject Real Property:

 

AVEC SERIES SET#

*

Exist Crypto Alternate Virtual Equity Credit Tokens

(“Exist Crypto AVEC”) ----------------------------------------------------- TPECA#

*

Exist Crypto AVEC One Token per $100 USD

Total Distribution CE-POS Series Set #s -------------------------------- AVEC #

*

through Exist Crypto AVEC ---------------------------------------------- AVEC #

*

 

ONUS SERIES#

*

Exist Crypto ONUS Tokens (“Exist Crypto ONUS”) ----------------- TPECA#

*

Exist Crypto ONUS One Token per $100 USD Total

Distribution CE-POS Series Set #s ----------------------------------- ONUS #

*

through Exist Crypto ONUS ------------------------------------------ ONUS #

*

Specific and restricted rights associated with Tokens are defined in the Exhibits.

This instrument is an Equitable Interest Trust Deed in all of Trustor’s encumbered and/or unencumbered equity interest in the Premises. In the event that some of Trustor’s equity interest is encumbered by an existing Encumbrance, it is stated here. This instrument is an Equitable Interest Trust Deed subject and subordinate to the following instruments (hereinafter "Senior Encumbrances"):

A * dated * recorded in the * County Recorder's Office in Book * at Page * as Entry Number * with as the Trustee and executed by * and given to * to secure a note in the amount of $ * and such other sums as provided therein.

Or - * N/A If there are no existing third party liens against the subject Real Property check this box.

TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR AGREES:

1. To keep said property in good condition and repair, not remove or demolish any building thereon, to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged, or destroyed thereon; to comply with all laws, covenants, and restrictions affecting said property; not to commit or permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to do all other acts which from the character or use of said property may be reasonably necessary; the specific enumerations herein not excluding the general; and, if the loan secured hereby or any part thereof is being obtained for the purpose of financing construction of improvements on said property, Trustor further agrees to engage in Exist to Build development, motivated by a desire to use or consume the item purchased to occupy the land or to develop it according to the will of the Trustor.

2. To provide and maintain insurance, of such type or types and amounts as Beneficiary or Exist may require, on the improvements now existing or hereafter erected or placed on said property. Such insurance shall be carried in companies approved by Beneficiary and Exist with loss payable clauses in favor of and in form acceptable to Beneficiary. In event of loss, Trustor shall give immediate notice to Beneficiary and Exist, who may make proof of loss, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Beneficiary instead of to Trustor and Beneficiary jointly, and the insurance proceeds, or any part thereof, may be applied by Beneficiary, at its option, to the reduction of the equitable interest hereby secured or to the restoration or repair of the property damaged.

3. To deliver to, pay for and maintain with Beneficiary until the equitable interest secured hereby is paid in full, such evidence of title as Beneficiary or Exist may require, including abstracts of title or policies of title insurance and any extensions or renewals thereof or supplements thereto.

4. To appear in and defend any action or proceeding purporting to affect the security hereof, the title to said property, or the rights or powers of Beneficiary or Exist; and should Beneficiary or Exist elect to also appear in or defend any such action or proceeding, to pay all costs and expenses, including the cost of evidence of title and attorney's fees in a reasonable sum incurred by Beneficiary or Exist.

5. Trustor and/or Maker is to pay at least 10 days before delinquency all taxes and assessments affecting said property, including all assessments upon water company stock and all rents, assessments, and charges for water, appurtenant to or used in connection with said property; to pay, when due, all encumbrances, charges and liens with interest, on said property or any part thereof, which at any time appear to be prior or superior hereto; to pay all costs, fees, and expenses of this Trust.

6. Should Trustor fail to make any payment on a third party obligation secured by the Premises, or to do any act as herein provided, then Beneficiary, any Qualified Third Party Intermediary and/ or Exist, but without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may: Make or do the same in such manner and to such extent as either may deem necessary to protect the equitable interest hereof, Beneficiary or a Qualified Third Party Intermediary or Exist, being authorized to enter upon said property for such purposes; commence, appear in and defend any action or proceeding purporting to affect the equitable interest hereof or the rights of powers of Beneficiary or Exist; pay, purchase, contest, or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto; and in exercising any such powers, incur any liability, expend whatever amounts in its absolute discretion it may deem necessary therefore, including cost of evidence of title, employ counsel, and pay its reasonable fees.

7. To pay immediately and without demand, all sums expended hereunder by Beneficiary or Exist, with interest from date of expenditure at the rate of ten percent (10%) per annum until paid, and the repayment thereof shall be secured hereby.

IT IS AGREED THAT:

8. Should said property or any part thereof be taken or damaged by reason of any public improvement or condemnation proceeding, or damaged by fire, or earthquake, or in any other manner, Beneficiary shall be entitled to all compensation, awards, and other payments or relief, therefore, and shall be entitled at its option to commence, appear in and prosecute in its own name, any action or proceedings, or to make any compromise or settlement, in connection with such taking or damage. All such compensation, awards, damages, rights of action and proceeds, including the proceeds of any policies of fire and other insurance affecting said property, are hereby assigned to Beneficiary, who may, after deducting therefrom all its expenses, including attorney's fees, apply the same on any indebtedness secured hereby. Trustor agrees to execute such further assignments of any compensation, awards, damages, and rights of action and proceeds as they see fit.

9. At any time and from time to time upon written request of Beneficiary, payment of its fees and presentation of this Trust Deed (in case of full reconveyance, for cancellation and retention), without affecting the liability of any person, Trustor may (a) consent to the making of any map or plat of said property; (b) join in granting an easement or creating any restriction thereon;(c)reconvey, without warranty, all or any part of said property. The grantee in any reconveyance may be described as "the person or persons entitled thereto", and the recitals therein of any matters or facts shall be conclusive proof of truthfulness thereof.

10. Until Trustor shall default in the payment of any indebtedness secured hereby or by a third party to the subject Real Property or in the performance of any agreement hereunder, Trustor shall have the right to collect all such rents, issues, royalties, and profits earned prior to default as they become due and payable.

11. Upon any default by Trustor hereunder, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed by a court (Trustor hereby consenting to the appointment of Beneficiary as such receiver), and without regard to the adequacy of any security for the interest hereby secured, upon and take possession of said equity portion of the property in which it has an equitable interest under this trust deed, in its own name sue for costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine.

12. The entering upon and taking possession of said equitable interest portion of the property, the collection of such rents, issues, and profits, or the proceeds of fire and other insurance policies, or compensation or awards for any taking or damage of said property, and the application or release thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.

13. The failure on the part of Beneficiary or Exist to promptly enforce any right hereunder shall not operate as a waiver of such right and the waiver by Beneficiary or Exist of any default shall not constitute a waiver of any other or subsequent default.

14. Time is of the essence hereof. Upon default by Trustor in the payment of any indebtedness secured by a third party interest or in the performance of any agreement hereunder, all sums associated with Beneficiary’s equitableinterestsecuredherebyshallimmediatelybecomedueandpayableattheoptionofBeneficiary. In the event of such default, Beneficiary may execute a written notice of default and of election to cause said property to be sold to satisfy the obligations hereof and shall file such notice for record in each county wherein said property or some part or parcel thereof is situated.

15. This Equitable Interest Deed of Trust is a self-imposed deed allowing a third-party service platform access to digitize Owner/Trustor’s equity interest in the subject Real Property. There is no third party lien interest, be it in mortgage or promissory note form, associated with this Equitable Interest Deed of Trust.

16. Owner as Beneficiary may appoint a successor Beneficiary at any time by filing for record in the office of the County Recorder of each county in which said property or some part thereof is situated, a substitute designation of Beneficiary or Beneficiaries. Each such substitution shall be executed and acknowledged, and notice thereof shall be given and proof thereof made, in the manner provided by law.

17. This Trust Deed shall apply to, inure to the benefit of, and bind all parties hereto, their heirs, legatees, devisees, administers, executors, successors, and assigns. All obligations of Trustor hereunder are joint and several. The term"Beneficiary"shallmeantheOwnerandholderofanypledgemadealongwiththeequitableinterest secured hereby or any third party as designated by the Owner as outlined in section 16 above. In this Trust Deed, whenever the context requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural.

18. This Trust Deed shall be construed according to the laws of the State of .*

19. The undersigned Trustor requests that a copy of any notice of default and of any notice of sale be mailed to Exist Holdings at the address hereinbefore set forth.

TRUSTOR/OWNER

*

Name Here

          STATE OF *) )

          COUNTY OF *)

On the * day of *, 20*, personally appeared before me, the signer(s) of the above instrument, who duly acknowledged to me that executed the same.

My Commission Expires: *

Notary Public Residing at *

 

 

Exhibit A

Exist Crypto Token Purchase and Equity (AVEC) Conversion Agreement

 

 

 

Exhibit B

Exist Crypto ONUS Token Purchase Agreement

 

 

REQUEST FOR FULL RECONVEYANCE
(To be used only when indebtedness secured hereby has been paid in full)

TO: TRUSTEE.

The undersigned is the legal owner and holder of the Note and all other indebtedness secured by the within All-Inclusive Trust Deed. Said Note, together with all other indebtedness secured by said All-Inclusive Trust Deed has been fully be paid and satisfied; and you are hereby requested and directed, on payment to you of any sums owing to you under the terms of said All-Inclusive Trust Deed, to cancel said Note above mentioned, and all other evidences of the indebtedness secured by said All-Inclusive Trust Deed delivered to you herewith, together with the said All- Inclusive Trust Deed, and to reconvey, without warranty, to the parties designated by the terms of said All-Inclusive Trust Deed, all the estate now held by you thereunder.

DATED *, 20 *.
Name: *

Name: *

Mail reconveyance to: *

Leave this empty:

Signature arrow

Signed by James Ray
Signed On: March 22, 2021


Signature Certificate
Document name: TECHNOLOGY SERVICE PLATFORM OWNER DEVELOPER SELF EXECUTED EQUITABLE INTEREST TRUST DEED 2.0 -
lock iconUnique Document ID: 66070af4313856fccd04f9d25bf832c5115e1ed7
Timestamp Audit
September 30, 2020 2:02 am MDTTECHNOLOGY SERVICE PLATFORM OWNER DEVELOPER SELF EXECUTED EQUITABLE INTEREST TRUST DEED 2.0 - Uploaded by James Ray - Existtrustlands@gmail.com IP 75.169.146.202
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