Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 341
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:
4
Ni
5
}
1
led,
),
or
the
n
ion
(
18
in
or
due
lk
A
-
notes described hereinabove, principal and interest then accrued, shall at once become
and payable, and suit may be immediately commenced, at the option of the holder thereof,
-0
co
0
E
S3E)
!
cyclones,
i•
2
i
#
5
Ek
to collect the same, or to foreclose the mechanic’s lien aforesaid.
I
amount remaining unpaid on said note, in some good and responsible insurance company or
tornadoes and other windstorms for an amount equal at all times to the aggregate
1
companies approved by the said party of the first part, or other holder of said note
notes, and to have the policy or policies of insurance payable to the said party of
□
-a HE
3. Parties of the second part here state that they own in fee simple free and clear
° all liens and encumbrances, recorded or unrecorded, except as herein provided, the
property hereinabove described.
4, It is especially agreed that the entering by parties of the second part into
P°Ssession of said improvements, or the acknowledgment by them of completion of this
-ontract, as well as any other sufficient proof, shall be conclusive evidence that all
duties and obligations of party of the first part have been fully and completely performed.
5. This contract is executed and delivered before any labor or material for the erection
r
id
first part or other holder of said note or notes, as the interest of the said party of
the first part, 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 hereof,
until the said indebtedness herein described has been fully paid and satisfied; that the
said parties of the second part also hereby agree and bind themselves to pay all taxes on
the said property hereinbefore mentioned and described, when the same become due and
payable, until the above mentioned indebtedness has been fully paid and satisfied; and in
case they fail to procure the said policy or policies of insurance, or fail to pay any
of the premiums therefor as they severally become due and payable, or fail to pay the
said taxes, or any part thereof, on the said property, when the same become due and payable,
then, the said party of the first part, or other holder thereof at his option, 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 insurance and taxes, or either, paid by the
said party of the first part or other holder thereof, shall from the time of such payment
constitute a debt against the said parties of the second part in favor of the said party
of the first part, or other holder of said note or notes, paying the same for the amount
so paid, which shall bear interest from the time of such payment at the rate of 7 per cent
n-
Per annum, and the payment of such debt and interest shall also be secured by the mechanic’s
lien aforesaid; and that in case the said parties of the second part shall fail to pay
the said taxes, or any part thereof, before the same become delinquent, or fail to keep the
improvements insured as aforesaid, or fail to pay any premiums therefor when the same
severally become due and payable, or fail to pay any installment of principal or interest
on said note, when due, then, at the option of the holder of said note or notes, the note
the mechanic s lien hereinafter mentioned; that the said party of the first part is
hereby declared to have a mechanic’s lien on the said improvements, and on the said property
hereinbefore mentioned and described, constituting one body of land and intended to be
used and enjoyed in connection with the said improvements, to secure the payment of the
said indebtedness 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 part, according to the said plans and specifications, and accepted by
them, to keep the said improvements insured, at their own expense, against fire for an
amount equal at all times to the aggregate amount remaining unpaid on said note, and against
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/m1/347/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.