Travis County Deed Records: Deed Record 604 - Deeds of Trust Page: 8
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(5) Mortgagors agree to keep the buildings now situated on the land hereinbefore de-
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(6) This deed of trust is made for the benefit of THE FEDERAL LAND BANK OF HOUSTON
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to furnish at their expense all such supplemental abstracts as may be required by the Bant:
and if mortgagors fail; to furnish such supple-
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eral Farm Loan Act, be used at the option of the mortgagors to replace the buildings de-
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ly, mortgagors hereby authorize the owner or holder of said debt secured hereby, at
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mental abstracts, the Bank may have same prepared and pay the cost thereof and all sums sc
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for domestic use on the premises and that no act will be permitted by which the value of said
premises shall be impaired.
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If while this trust is in force, title of the Trustee to the property hereby con-
veyed, or any part thereof, shall be endangered or shall be attacked directly or indiret
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paid shall become a part of the indebtedness secured by this deed of trust, be i mmedia tel 5
due and bear interest at 8% per annum.
at any time during the life of this loan,
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In the event that mortgagors shall fail to pay any taxes or assessments against sa:
premises when due, or to maintain such insurance as may be required herein, the Bank or
its assigns without prejudice to any other right which it may have, may make such payments
or provide such insurance, and the amount paid therefor shall be secured by this deed of
trust, be immediately due and bear interest from date of payment at the rate of 8% per
surance and to apply the proceeds thereof as a credit on the indebtedness secured by this
deed of trust, whether such indebtedness be then matured or not. All policies of the in-
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abstract shall become the property of the purchaser at such sale. Mortgagors also agree
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continuously used for agricultural purposes in a husbandlike manner, waste will not be
by secured may, at its or his or their option, declare the principal then remaining unpaid
together with thetten accrued interest thereon, immediately due and payable;
(7) Mortgagors agree that the abstracts of title to the land conveyed hereby shall
remain with the Bank during the life of this loan and in the event of sale of the land the
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surance required by the Bank shall be made payable to it as its interest may appear, and
be delivered to and held by it, provided; however, that insurance on buildings may, under
rules and regulations promulgated by the Land Bank Commissioner in accordance with the Fed-
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and benefit as its interest may appear, and in the event any of the buildings or improve-
ments covered by insurance are destroyed, mortgagors authorize the Bank to collect the in-
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doing business under the Federal Farm Loan Act, as amended, and is hereby agreed to be in
all respects subject to and governed by the terms and provisions of said Act, and it is
agreed and understood that the right and liabilities of the parties hereto shall be govern-
obtained, whether required or not, shall be considered as having been obtained for its use
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ed, controlled and interpreted by the provisions of said Act, as amended, and if any act
is done or omitted to be done by mortgagors in violation of any of the terms or provisions
of said Federal Farm Loan Act, the Bank, or other owner or holder of the indebtedness here
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committed or permitted; that all fences, buildings and other improvements now on said prem-
ises or hereafter put thereon will be kept in good condition and repair; that such buildings
will not be permitted to become vacant or unoccupied nor will such buildings be removed or
demolished; that no timber growing on the premises will be cut or removed therefrom except
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scribed, or that may hereafter be placed thereon, insured against loss by fire and/or storm
in an insurance company to be approved by the Bank, for such sum as it may from time to
time require, and mortgagors further agree that all insurance now in force or hereafter
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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/m1/14/?q=%221939-03%22&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Travis County Clerk’s Office.