Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 26
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said note provides that more than one installment may be paid on any installment paying
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1944, and provides that the makers may pay the same on the 1st day of December of any year
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of said notes until said notes are fully paid, and promptly pay the premiums for such in-
surance; and owhers further agree to pay all taxes on said property when the same become
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Chester W. Ross
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THE STATE OF TEXAS )
ion therein expressed.
Given under my hand and seal of office, this the 28 day of October, A. D. 1938.
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Pauline Ross
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William Blum
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ies of insurance, as above stipulated, the holder of said notes, without being under any
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notes, as his interest may appear, and will deposit said policy or policies with the holder
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or any part thereof, prior to delinquency, or to take out and pay for said policy or polic-
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Witness our hands this the 27th day of October, 1938.
lected by legal proceedings of any kind. Owners further agree that after said improvements
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obligation to do so, may pay said taxes, contract for said insurance, and pay the premiums
p emiums so paid shall from the date of payment constitute a debt
therefor, all for the account of owners, and any taxes or insurance.'against owners for the
amount so paid in favor of the holder of said notes, which debt shall bear interest from
the date of therespective payments at the rate of 7% per annum, shall be subject to a 10%
attorney’s fee in like manner as is provided for in said notes, and its repayment shall be
secured by the mechanic’s lien herein granted;'and owners agree that if default be made in
and the holder may then, at his option, immediately institute suit to collect same and to
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foreclose the mechanic’s lien herein given to secure their payment, and also provides for
10% attorney’s fees, if placed with an attorney for collection after maturity, or if col-
at their own expense, against loss or damage by fire, windstorm, and hail in the sum of at
least $2,100.00 in some company or companies acceptable to the holder of the above described
have been completed according to said plans and specifications, they will keep them insured
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such installment payment, and the remainder as a credit on the principal of said note; and
date. Note No. Two is for the sum of $1,200.00, and is payable on the 27th day of April,
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the payment of said taxes or in taking out and maintaining said insurance, or in payment
of any sum becoming payable on said notes, the holder of said notes shall have the option
to declare them in default, to bring suit to collect said notes, and all other sums which
may become due under this contract, and to foreclose the mechanic’s lien herein given.
4. Owners hereby give and grant to contractor, and the parties hereto agree that con-
tractor, his heirs and assigns, have a mechanic’s lien upon the above described improvements
and real property, constituting one body of land and intended to be used and enjoyed in
connection with said improvements to secure the payment of said two promissory notes and
all other sums of money which may become due and payable under this contract.
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1938, until paid at the rate of 7% per annui and provides that all past due interest shall
bear interest from its maturity until paid at the rate of 7% per annum, and that if any pay
ment be not made when due, such default shall, at the option of the holder, mature both not
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COUNTY OF TRAVIS ) Before me, the undersigned author ity, on this day personally appeared
William Blum, known to me to be the person whose name is subscribed to the foregoing in-
strument, and acknowledged to me that he executed the same for the purposes and considerat-
notes, and will have said policy or policies of insurance made payable to the holder of said
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due, until said notes are fully paid and satisfied, and that if they fail to pay said taxes.
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prior to its maturity. Each of said two notes bears interest from the 1st day of December,
($1.90 State note stamp can.)
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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/m1/32/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.