Deed of Trust (with future Advance Clause). Up of a document Description automatically generated.Texas Real Estate Lending Guide. It allows the grantor to give up all ownership, with no responsibility toward the property or the grantee in the future. 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. (3) The lender must enforce controls and conditions in the agreement. Here are a dozen ideas for current and future transactions. 1. Put all the collateral and debt in a single deed of trust or mortgage. Existing under the laws of the State of Texas. ("Beneficiary").