several State associations, and shall be paid by check or draft,
and full records shall be kept by the several State associations
of all loans made in their respective States of every transaction
connected with such loans. The State association shall have full and
entire charge of all loans made and outstanding in their respective
States, the collection of interest, the payment of taxes, the care of
insurance, and the repayment of the loan by the borrower, which shall
always be to the State association of the State where the real estate
is situated.