Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 452
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before ninety days after date free from any and all claims on the part of any and all
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of the second part to the said party of the first part as hereinafter provided.
themselves and promise to pay to the said party of the first part for the fulfillment of
first part ninety days after date, and bearing interest from maturity at the rate of 7%
per annum.
and it being provided in said note that if any installment of principal or interest shall
not be paid when due, then, at the option of the holder hereof, the said promissory
may be immediately commenced, to collect the same and to foreclose 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
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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 indeb-
bind
tedness hereinbefore described; that the said parties of the second part hereby agree and
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part, according to the said plans and specifications, and accepted by them, to keep the sa
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party of the first part, or other holder thereof at his option, without being under
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themselves, after the said improvements have been completed by the said party of the firs
note, principal and interest then accrued, shall at once become due and payable, and suit
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all times to the aggregate amount remaining unpaid on said note, and against cyclones,
tornadoes and other windstorms for an amount equal at all times to the aggregage. amount
remaining unpaid on said 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 or notes, and
to have the policy or policies of insurance payable to the said party of the first part
improvements insured, at their own expense, against fire for an amount equal at
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 Pro
perty 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
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2. That the said parties of the second part, in consideration of the foregoing agreement
and undertaking on the part of the said party of the first part, hereby agree, bind
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
said agreement and undertaking at Austin, Texas, the said sum of The sum of Thirty-nine
Hundred and no/100 (#3900.00) Dollars evidenced by one certain promissory note of even date
herewith for the principal sum of Thirty-nine Hundred and no/100 ($3900.00) Dollars, executed
by the said parties of the second part, payable to the order of the said party of the
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
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persons for materials and labor used in and performed on the said improvements for the sum
of Thirty-nine Hundred and no/100 ($3900.00) Dollars Dollars, to be paid by the said part
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 sal
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 pat
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 cel
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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/m1/458/: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.