Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 32
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first part as hereinafter provided/
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terest from date until paid at the rate of seven per cent per annun, and to be included in
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and 50/100 Dollars to be paid on or before the 15th day of each and every month thereafter
until the said promissory note has been fully paid and satisfied, and the said installments
to be applied first to the payment of interest accrued on said note at the date such in-
viding if the same should be placed in the hands of an attorney for collection after ma-
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the payments hereinafter mentioned, and the principal and interest of said note to be pay-
able in installments as follows: One installment of Twenty seven and 50/100 Dollars to be
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on the amount to be collected for attorney’s 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,
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or other holder of said note, and to have the policy or policies of insurance payable to
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ment and undertaking on the part of the said party of the first part, hereby agree, bind
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Travis County, Texas, for the sum of Twenty two hundred Dollars, and said note bearing in-
themselves and promise to pay to the said party of the first part, for the fulfillment of
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at the option of the holders thereof, the whole of the said note, principal and interest
missory note to pay on any installment paying date thereof, in addition to the installment
his said agreement and undertaking, at Austin, Travis County, Texas, the said sum of Twenty
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part is hereby declared to have a mechanic’s lien on the said improvements and on said pro-
perty hereinbefore described, constituting one body of land and intended to be used and en-
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note, bearing even date herewith, payable to the order of W. W. Cunningham, at Austin,
stailment is paid, and the remainder to the principal of said note and the said note pro-
the said plans and specifications, and ready for occupancy on or before forty working days
from this date, free from any and all claims on the part of any and all persons for mater-
ials and labor used in and performed on the said improvements for the sum of Twenty two
hundred Dollars, to be paid by the said parties of the second part to the said party of the
then accrued, shall at once become due and payable, and suit may be immediately commenced,
at the opbion of the holder of the said promissory note, to collect the same and to fore-
close the mechanic’s lien hereinafter mentioned, and the right being reserved in said pro-
turity, or if collected by legal proceedings of any kind, for an additional ten per cent
2. That the said parties of the second part, in consideration of the foregoing agree-
joyed in connection with the said improvements, to secure the payment of the said promis-
sory 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 part, 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 amount remaining unpaid on the said
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from any other cause whatever, until the same have been completed, according to the said
plans and specifications, by the said party of the first part, turned over to and accepted
by the said parties of the second part, that the said party of the first part hereby agrees
and binds himself to pay for all materials and labor used in and performed on the said im-
provements as the same accrue, and to have the said improvements completed, according to
then due, one or- more of'said installments of said note, that the said party of the first
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paid on or before the 15th day of December, A. D. 1938, and one installment of Twenty seven
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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,
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two hundred Dollars, on and in accordance with the terms of their one certain promissory
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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/m1/38/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.