Travis County Deed Records: Deed Record 604 - Deeds of Trust Page: 91
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and permit to be done to said premises nothing that may in any way impair or weaken the
security under this instrument.
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may be laid within the State of Texas upon said premises or any part thereof.
It is especially agreed that if the grantors shall fail to effect such insurance and
deliver such policies as herein provided or shall allow taxes upon said real estate to re-
iveS
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ises
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secured.
And it is further specially agreed that if default shall be made in the payment of any
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or in the performance of the covenants or agreements herein contained, or any one of
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principal or interest on said note,
ed on, said premises, insured against loss by fire and tornado to the extent insurance can
such form as may be by him required and deliver the policies to said Trustee, or his sue-
attorney’s fees, said grantor or grantors do further covenant with the said Company and its
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to become due hereunder, in such priority as he may determine; and third, shall render the
in law to the property so sold, in fee simple, and shall receive the proceeds of said sale.
said sale, as aforesaid, shall execute to the purchaser thereof a good and sufficient deed
cured shall become due and payable after two months from said default, and may be collected
°Y suit or by proceeding hereunder.
And we further covenant with said Trustee that we will at all times during the con-
tinuance of this trust keep the buildings and improvements now on, or hereafter to be erect-
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be obtained thereon, in companies acceptable to and with the loss payable to said Trustee,
or his successors, for the benefit of the holder, or holders, of said note according to
main unpaid for a period of one month after they become delinquent, the legal holder of said
and out of the same shall pay: First, all charges, costs and expenseSof executing this
overplus, if any, unto said grantors or legal representatives or assigns on reasonable re-
or in the payment of dues or fines upon said shares of .
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for the purpose of being sued upon or established in any manner, in any court.
then, at the option of the legal holder of said note, the whole of the debt herein se-
quest. And for the purpose of securing the payment of said note, principal, interest and
stock,
them,
trust, including a reasonable trustee’s fee; second, the debt, and all sums of money due or
cessors and to pay, before the same shall become delinquent, all taxes and assessments that
ance or taxes, as well as the amount of said fine, shall become a part of the debt hereby
(
rate of 7 per cent, per annum, payable in equal monthly installments on the tenth day of
each month hereafter, and also provides for an attorney’s fee of ten per cent upon the sum
due thereon in case the same shall be placed in the hands of an attorney for collection, or
;ht
. NwV-tthrrefgg,difsdeaulthall be made in the payment of the principal of said note 9-
gums remain unpaid For two mVBERs'hAtgpidushapenof stock,when due,and any one of said
any installment of interest thereon, when due, or inncase of breach of any of the agreements
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And it is stipulated and agreed that, in case of any sale hereunder, all prerequisites
sale shall be presumed to have been performed; and that, in any conveyance given
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and covenants herein mentioned, or in any case herein provided, then, on the application of
the legal holder of said note, the said Trustee, or his successor or successors appointed
hereunder, is hereby authorized and empowered to sell the property hereby conveyed to the
highest bidder, for cash in hand, at the County Court House door in Travis County, Texas, or
the day and within the hours now required by law, and after advertising according to the
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present law, the time, place and terms of said sale, and the property to be sold; and after
assigns, to pay the sums named in the said note, with interest thereon as therein provided;
to permit no waste, to keep all improvements in as good repair as they are now, and to do
note may effect said insurance or pay said taxes, and charge the amount to the account of
the grantors, together with a fine of one per cent, per month upon the amount of such
taxes paid, until said fine is paid and sums reimbursed and the sums so expended for insur-
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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/m1/97/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.