Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 345
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345
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Hecord s;
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f
of material,
material and to be erected strictly
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on amount of
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the same, and paying
the said dwelling
all expenses incident to the said labor and furnishing
house and improvements to be built of good substantial
eight per cent interest per annum until paid, due six months after date
end payable at maturity, providing for ten per cent additional thereon
*
i
principal and interest then due as attorney's fees if placed in the hands of an attorney
for collection, or in case suit is brought on same, and providing failure to pay said note
or any installment of interest when due, shall, at the option of the holder of said note,
mature said note.
material of whatsoever kind necessary to be used in the erection of
according to the plans and specifications, here referred to and signed by the parties
for further description.
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2.
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Now, therefore, in consideration of the fact that said party of the first part has
covenanted and agreed with the said parties of the second part that he will well and truly
build said house in a good substantial and workmanlike manner within forty-five working
days from date on the said above described property, performing or causing to be performed
all of the labor in the improvement or erection of the same, and furnishing all of the
. £ 2
c
, interest due
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1
111/4
more particularly described as follows:
Lot No. Seven (7) in Block "F" in Ridgetop, a Subdivision of a part of the James 2.
Wallace League in the City of Austin, Travis County, Texas, according to the map or plat
of said Subdivision of record in Vol. 2, pege 200 , of the Travis County.Flat Records,
and being included in the property conveyed Alonza Toole by warranty deed of w. T. Caswell
dated January 4, 1927, and recorded in Vol. 398, pages 223-224 of the Travis County Deed
It is expressly agreed and understood that to secure the payment of said pr omi ss or y
note for the sum of $900.00, the said party of the first part retains, and shall have
Valid, existing mechanic’s, materialman’s, laborer’s and contractor’s lien, equity,
security and interest in and to the above described real estate, constituting ore body
° land and intended to be used and enjoyed in connection with the improvements contemplated
n this contract, and the improvements to be erected thereon, and it is agreed and under -
to0d that the said promissory note may be assigned and said assignee or purchaser shall
have and be subrogated to all of the rights, and equities of the said party of the first
Psrt, to have and to hold the same, together with all the rights and appurtenances to the
mme belonging or in any wise incident or appertaining.
-t is further agreed and stipulated that the parties of the second part shall and will,
•t their own proper expense and cost, keep the property and premises herein described and
Pon which a lien is hereby created, in good repair and condition, and pay and discharge,
8s they may become due and payable, all and every, all taxes due and to become due thereon.
& nd '
snail keep said property fully insured in some good and reliable fire insurance
ompany and tornado insurance company approved by the party of the first part or his
Signee or holder of said note, to whom the loss, if any, shall be payable, and by whom
sid policy or policies shall be kept.
And the parties of the second part agree, bind and obligate themselves to pay to the
said party of the first part at Austin, Texas, the sum of One Thousand and No/100
($1000.00) Dollars, as follows: $100.00 to be paid upon completion of the work, the
balance to be evidenced by one certain promissory note of even date herewith for the sum
of $900.00, executed by the said parties of the second part, jointly and severally, payable
to the order of the said O. R. Lott party of the first part, at Austin, Texas, bearing
Eg01
EMD
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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/m1/351/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.