Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 251
640 p.View a full description of this book.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
•22922
1
»
c
.D
e,
gn >d
18
for
2
7
Loi
18
d
,O
r
tc
L
on
I
it
y
*
S
5
0
.id
I til
4
S,
(
44
251
p-
J
»
s
Py
E
N
I 1
A, 4
i
5
<
second part fail to pay the said taxes, or any part thereof, on the said property before
the same become delinquent, or fail to keep the said improvements insured as aforesaid,
or fail to pay the premiums therefor when the same severally become due and payable or
fail to pay any one of the said installments of the said promissory note when the same
E
as they severally become due and payable, then, the said party of the first part, or -
other holder of said note, without being under obligation to do so, may take out such
policy or policies of insurance and pay the premiums therefor, and pay such taxes, all
■for and on account of the said parties of the second part, and any such premiums of in
surance and taxes,or either, paid by the said party of the first part,or other holder
of said note, shall from the time of such payment constitute a debt against thesaid
—5
2
,0)
‘ Hi
i
parties of the second part in favor of the said party of the first part,or other holder
of said noe, paying the same for the amount so paid, which shall bear interest from the
time of such payment at the rate of seven per cent per annum, and the payment of such
y
debt and interest shall also be secured by the mechanic’s lien aforesaid, and it is
hereby agreed and in the said promissory note provided, that in case the parties of the
and payable, or fail to pay the said taxes , or any part thereof, on the said property
mi
"D-
B®
l ge ■
I
placed in the hands of an attorney for collection after maturity, or if collected by le
gal proceedings of any kind, for and additional ten per cent on the amount to be coll
acted for attorneys fees, and the said note further providing that if any one of the
said installments of the said note shall not be paid when due, then, at the option of
the holders thereof, the whole of the said note,principal and interest then accrued,
shall at once become due and payable, and suit may be immediately commenced, at the
option of the holder of the said promissory note, to collect the same and to foreclose
the mechanic’s lien hereinafter mentioned;and the right being reserved in said promiss
ory note, to pay on any installment paying date thereof, in addition to the installment
then due, one Cr more of said installments of said note, that the said party of the
first part is hereby declared to have a mechanic’s lien on the said improvements and on
said property hereinbefore described,consituting one body of land and intended to be
used and enjoyed in connection with the said improvements, to secure the payment of
the said promissory note hereinbefore described}that the said parties of the second
part hereby agree and bind themselves, after the said improvements have been completed
by the said party of the first pant,according to the said plans and specifications, and
accepted by the said parties of the second part, to keep the said improvements insured,
at their own expense, against fire for an amount equal at all times to the amcunt re
PR
■ i
16/
luv ))
le
co
maining unpaid on the said promissory note, and against cyclones, tornadoes and other
windstorms for an amount equal at all times to the amount remaining unpaid on the said
promissory note, in some good and responsible insurance company or companies approved
by the said party of the first part or other holder of said note, and to have the pol
icy or policies of insurance payable to the said party of the first part, or other hol
der of said note, as - the interest of the said party of the first pert, or other holder
of said note, may appear, and to deposit such policy or policies of insurance with the
said party of the first part,or other holder of said note, until the whole of the said
note hereinbefore mentioned has been fully paid and satisfied; that the said parties
of the second part, alsD hereby agree and bind themselves to pay all taxes of every
kind and character on the said property hereinbefore mentioned and described as they
severally become due and payable until the whole of the said promissory note has been
fully paid and satisfied; and that in case they fail to procure the said policy or poll
cies of insurance, or fail to pay any premiums therefor as they severally become due
I
M l I
Upcoming Pages
Here’s what’s next.
Search Inside
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 598 - Mechanics Liens, book, 1938-11/1939-03; (https://texashistory.unt.edu/ark:/67531/metapth1564399/m1/257/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.