Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 460
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3. Parties of the second part here state that they own in fee simple free and clear of all
liens and encumbrances, recorded or unrecorded, except as herein provided, the property
hereinabove described.
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 '
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
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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 note
principal and interest then accrued, shall at once become due and payable, and suit may be
immediately commenced, to collect the same and to foreclose the mechanic’s lien hereinafte
mentioned; that the said party of the first part is hereby declared to have a mechanic’s
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plans and specifications, and accepted by them, to keep the said improvements insured, at
at the option of the holder of said note or notes, the note or notes described hereinabove’
principal and interest then accrued, shall at once become due and payable, and suit may be
immediately commenced, at the option of the holder thereof, to collect the same, or to
foreclose the mechanic’s lien aforesaid.
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part thereof, before the same become delinquent, or fail to keep the improvements insured
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,
own expense, against fire for an amount equal at 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 theaggregate 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 par’y 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
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of party of the first part, on or before June 20, 1939, with interest thereon after maturity
at the rateof seven (7) per cent per annum.
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 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
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
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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/m1/466/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.