Travis County Deed Records: Deed Record 604 - Deeds of Trust Page: 5
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bidder for cash, selling all property above conveyed as an entirety or in parcels as the
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the expenses of advertising sale and conveyance, including a commission of five per cent
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the conveyance to the purchaser shall be full evidence of the truth of the matters
sale,being the highest bidder.
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cannot or will not act.
ordinance or regulation, whether made by
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assessments, insurance premiums or other advancements made as provided for herein, with
act, a successor and substitute may be named, constituted and appointed by the holder of
all and every taxes and assessments that are
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interest due and unpaid on said indebtedness, as hereinbefore set forth, and all taxes,
himself, and then to the holder of said indebtedness, the full amount of principal and
discharge as they are or may become payable,
or may become payable thereon under any law,
said indebtedness, without other formality than an appointment and designation in writing;
and this conveyance shall vest in him, as Trustee,the estate and title in all said premises
and he shall thereupon hold, possess and execute all the title, rights, powers and duties
herein conferred on said Trustee named,and his conveyance to the purchaser shall be equally
valid and effective; and such right to appoint a successor or Substitute Trustee shall
In case of absence, death, inability, refusal or failure of the trustee herein named to
other persons claiming under any of them. It is expressly agreed that the recitals in
Trustee may elect, and make due conveyance to the purchaser or purchasers, with general
warranty, binding the said parties of the first part herein and their heirs and assigns;
and, out of the money arising from such sale, the Trustee acting shall pay: First, all
parties of the first part, their heirs or assigns; and said sale shall forever be a
exist as often and whenever from any of said causes, any Trustee, original or substitute
interest thereon, rendering the balance of the purchase money, if any, to the said
own proper cost and expense, keep the property and premises herein described, and upon
which a lien is hereby given and created, in good repair and condition, and pay and
perpetual bar against the said parties of the first part, their heirs and assigns, and all
therein stated, and all prerequisites to said sale shall be presumed to have been performed.
The holder of said indebtedness shall have equal rights to become the purchaser at such
it is agreed andstipulated that the parties of the first part herein shall and will at their
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Federal, State or Municipal authority, and shall keep said property fully insured in some
company or companies approved by the holder of said indebtedness, to whom the loss, if
any, shall be payable, and by whom the policies shall be kept. And in case of default
made by the parties of the first part in performance of any of the foregoing stipulations,
the same may be performed by the holder of said indebtedness, for account and at the
expense of the parties of the first part, and any and all expense incurred and paid in so
doing shall be payable by the parties of the first part to the party of the third part,
with interest at the rate of ten per cent per annum, from the date when the same was so
incurred or paid,and shall stand secured and payable by and under this deed in like manner
with the other indebtedness herein mentioned, and the amount and nature of such expense an I
time when paid shall be held fully established by the affidavit of the holder of said
indebtedness, or the holder’s agent, or by the certificate of any Trustee acting hereunder.
Provided, however, that the exercise of the right of advancement shall in nowise be con-
sidered or constitute a waiver of the right of the holder of said indebtedness to declare
same, and all other indebtedness hereunder to be at once due and payable.
It is further agreed and stipulated that the security herein and hereby provided shall not
affect, nor be affected, by any other or further security taken or to be taken for the
same indebtedness, or any part thereof; and the said parties of the first part hereby declare
in
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Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 604 - Deeds of Trust, book, 1938-12/1939-03; (https://texashistory.unt.edu/ark:/67531/metapth1564405/m1/11/?q=%221939-03%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Travis County Clerk’s Office.