A Texas Deed of Trust creates a lien on property to secure a Promissory Note. These are two documents needed for real estate loans and seller financing.This research guide contains information and resources related to deeds of trust in Texas. Deeds of trusts are "a deed conveying title to real property to a. I am trying to clear a deed of trust on a property that i have paid off through owner finance. The original promissory. A Deed of Trust is typically used in combination with a Promissory Note or Mortgage Agreement which sets out the amount and terms of the loan agreement. Keep in mind, it is not recommended to transfer title to a minor. Instead, consider setting up a Trust for the minor. The deed of trust was recorded in the real property records of Tarrant County on November 30, 2004.