Final answer:
In a Deed of Trust in a title theory state like Georgia, the beneficiary is the lender, who receives the benefit of the security for the loan provided to the borrower through the property's title held by a trustee.
Step-by-step explanation:
In the context of a Deed of Trust Security Instrument commonly used in title theory states like Georgia, the beneficiary is the party that is receiving the benefit from the trust deed, which usually is the lender. The deed of trust involves three parties: the borrower (trustor), the lender (beneficiary), and the trustee. The trustee holds the legal title to the property on behalf of the lender, and the borrower retains the equitable title, which means they can use and enjoy the property as long as they comply with the terms of the Deed of Trust.
In case of a default on the loan, the trustee has the authority to sell the property to repay the debt owed to the beneficiary. The beneficiary is therefore the most critical party in this financial arrangement as they are the ones loaning the funds and expecting to be repaid, with the property as collateral securing the loan.