Deeds of trust may be executed as security for the performance of a contract or contracts. Except with respect to chapter 6 of this title, statutes of this state which refer to mortgages as security instruments are deemed to also include deeds of trust, unless the context otherwise requires.
A.R.S. § 33-805
Deed of trust as security
Applied in 1 court decision — leading case Mid Kansas Federal Savings & Loan Ass'n of Wichita v. Dynamic Development Corp. (1991)
Most recently applied in Mid Kansas Federal Savings & Loan Ass'n of Wichita v. Dynamic Development Corp. (January 1991)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.