Disable Highlighting

Highlight Options

Actions

List of Forms

You must be a paid subscriber to access the downloads

Table of Contents

List of Forms by Chapter

Chapter 1 — Nature and Development of the Illinois Land Trust

Chapter 2 — Land Trust Uses and Purposes

Chapter 3 — Creation of the Land Trust

Chapter 4 — Amendments of the Land Trust Agreement

Chapter 5 — Absolute Assignments of the Beneficial Interest

Chapter 6 — The Beneficial Interest as Collateral

Chapter 7 — Transfers of the Beneficial Interest upon Death

Chapter 8 — Land Trust Transactions

Chapter 9 — Directions to the Trustee

Chapter 10 — Litigation Involving the Land Trust

Chapter 11 — Exonerations and Exculpations

I. [11.1] Introduction

II. [11.2] Promissory Notes

III. [11.3] Mortgage, Trust Deed, and Assignment of Rents

IV. [11.4] General Document/ Contract — Trust as Seller

V. General Document/ Contract — Trust as Purchaser

[11.5] Exoneration Clause

[11.6] Assignee of Contract Purchaser

VI. [11.7] Federal Housing Administration Transactions

VII. Leases

[11.8] Lessor

[11.9] Assignee of Lease

[11.10] Lessee

[11.11] Assignee of Lessee

VIII. [11.12] Environmental Exoneration Rider

IX. Sample Forms and Documents

[11.13] Promissory Note Exoneration Clause

[11.14] Mortgage Exoneration Clause

[11.15] Trust Deed Exoneration Clause

[11.16] Assignment of Rents Exoneration Clause

[11.17] General Document Exoneration Clause

[11.18] Real Estate Contract Exoneration — Seller

[11.19] Real Estate Contract Exoneration — Purchaser

[11.20] Trust Agreement Amendment for Assignment of Contract Purchaser’s Interest

[11.21] Personal Liability Exoneration Rider Trustee Federal Housing Authority Loans

[11.22] Lessor Exoneration Clause

[11.23] Lessee Exoneration Rider

[11.24] Trust Agreement Amendment for Assignment of Lessee’s Interest

[11.25] Environmental Exoneration Rider

Chapter 12 — Termination of the Land Trust

Chapter 13 — Mergers and Acquisitions of Land Trust Portfolios

Authors

David J. Lanciotti
David J. Lanciotti
David J. Lanciotti is Executive Vice President and General Counsel with Chicago Title Land Trust Company. In his 22 years with the company, his roles have included oversight of all aspects of the company, including trust operations and administration, business development, and all corporate legal and regulatory matters. Prior to joining Chicago Title, he served as a Trust Officer and Trust Counsel in the trust departments of American National Bank & Trust Company of Chicago and LaSalle Bank. He is licensed to practice in Illinois and in Federal District Court for the Northern District of Illinois. Lanciotti is a member of the Illinois Real Estate Lawyers Association and the American Bar Association. He is also the author of LAND TRUST ADMINISTRATION IN ILLINOIS (IICLE^®, 2009, Supp. 2012). He has been retained to provide expert witness testimony relative to the construction, interpretation, and administration of land trusts. In addition, he is a frequent speaker at legal and banking seminars on land trust issues. He has served as a contributing editor to ILLINOIS LAW AND PRACTICE and NICHOLS ILLINOIS CIVIL PRACTICE. He received his B.A. from Purdue University and his J.D. cum laude from Northern Illinois University College of Law.

Highlight Options

Modern Land Trust Practice (ARCHIVED 2015 EDITION)

An IICLE® Online Library subscription is required to view this content. For more information or to subscribe, click here.