Travis County Deed Records: Deed Record 604 - Deeds of Trust Page: 25
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25-
delivered as issued and with the premiums fully paid to the Company or any holder of said
of
ults
L
Vered
indebtedness secured hereby whether then matured or to mature in the future,and may
deduct therefrom any expenses incurred in connection with the collection or handling of
the said fund, but that the Company shall not be liable for the failure to collect any
insurance provided for herein regardless of the cause of such failure.
or
the said premises or pay any delinquent tax or assessment and upon such payment the Company
or its assigns shall be subrogated respectively to the rights of the holder of such lien or
claim or to the rights of the taxing authority; that the Company or its assigns may
On
necessary for the proper preservation of the security; and the grantors hereby expressly
under the provisions of this Deed of Trust , together with interest thereon at the rate of
I
3d
parties hereto and all others acquiring an interest herein the regularity and validity of
all the levies and assessments of taxes entered on the public records shall be conclusively
established thereby
be considered as a waiver of the right to exercise any other option given herein.
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2
or restore the said improvements or may apply the same to the discharge of the principal
to properly maintain the improvements, the Company or its assigns may make repairs
grantors on the note secured hereby, either in whole or in part.
disbursements shall become a part of the indebtedness secured hereby, and as between the
and without waiver of any right whatsoever, pay or discharge any lien or claim upon
10. That in the event the grantors convey their interest in the described premises to
but if default be made in the payment of any part of the indebtedness hereby secured,
whether principal or interest, when the same becomes due and demandable, or if default be
agree to pay to the Company or its assigns, upon demand, any and all disbursements made
parties not appearing in this instrument, the Company may, without notice to the grantors,
deal with such successor or successors in interest with reference to this Deed of Trust and
eight per cent, per annum from the respective dates of such disbursements and all such
as provided herein and pay the premiums therefor; that whenever the grantors have failed
advance any unpaid insurance premiums, or effect insurance if not provided by grantors
applied, first, to advancements, if any, in the order of maturity, and second, to that
any condition, stipulation, agreement or covenant herein contained, then the whole
that may become payable, and, at its or said holder’s option, may use the same to rebuild
9. That the exercise of any option given under the terms of this Deed of Trust shall not
11. That all payments made on the debt and advancements, if any, hereby secured shall be
note, and that the Company or said holder may collect the proceeds of any and all insurance
8. That the Company or its assigns may, at its or their option, without demand or notice
the note hereby secured, either by way of forbearance on the part of the Company or extension
of the time of payment of the debt or any sum hereby secured, without in any way modifying
or affecting the conveyance under this Trust Deed or the original liability of the
part, if any, loaned in excess of the amount, if any, loaned to renew existing liens,and
then to that part, if any, loaned to renew liens now existing. Proceeds from foreclosure
secured herein, then and in that case only, this conveyance shall be null and void and shall
be released in due form at the expense of the grantors, otherwise it shall remain in full
force and effect.
sales shall be applied in the same manner.
NT
ow, Therefore,it is mutually agreed betweenthe parties hereto, that if the said grantors
shall faithfully keep and perform all the covenants and agreements above set forth, and well
and truly pay off and discharge the said note and all other principal of said indebtedness
or any unpaid balance thereof, and all interest accrued thereon, secured and intended to be
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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/m1/31/?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.