Texas Warranty Deed with Vendor's Lien

The Warranty Deed gives the seller (the vendor) a lien over the property under a promissory note signed by the buyer and held by the vendor.
The vendor can assign the vendor's lien to a mortgage lender after the promissory note is paid out of the proceeds of a new mortgage.
The lender, who holds the promissory note and deed of trust, will retain superior title to the property until the loan is paid by the buyer.
The form can also be used to place a lien by a third party lender.
Available in MS Word format.
Intended to be used only in the State of Texas.

Document Type:

Microsoft Word

Last Updated: 17-April-2025

SKU: 6000

$6.49

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Purchase Money Promissory Note for Real Estate Purchase

The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.

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A Deed of Trust can be substituted for a mortgage deed in the purchase of real estate property except for agricultural farm land.
Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
The loan being secured by the Deed of Trust cannot be a home equity loan. The loan can be made to purchase property, to renew and extend an existing debt, or as a loan against non-homestead property.
Available in MS Word format.
Intended to be used only in the State of Texas.

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The Release of Lien must be recorded with the County Recorder's Office to release a vendor's lien against the property.
The Release would be filed after (i) the purchaser has paid the balance of the purchase price and (ii) the promissory notes securing the balance have been canceled by the vendor (seller).
Available in MS Word format.
Intended to be used only in the State of Texas.

$6.29

The borrower agrees to make monthly payments against the secured amount, until the date of the final payment.
The final payment will be a balloon payment (payment in full of the entire balance of principal and interest outstanding at that date).
The Note is secured by a mortgage on the borrower's property.
Available in MS Word format.
Intended for use only within the United States.

$2.29

This form contains clauses for both a full release and a partial release, and can be used for either.
This is a reusable legal form template. Once you download it, you can use it as often as you require.
This Texas Release of Deed of Trust form is available in MS Word format. We can convert it to another format upon request.

$6.29