Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 470
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to secure the payment of the said promissory note hereinbefore described; that the said
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or fail to pay any of the premiums
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procure the said policy or policies of insurance,
therefor as they severally become due and payable,
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
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or fail to pay the said taxes, or
of the first part, or other holder of said note or notes, and to have the policy or
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note, of even date herewith, executed by Earl Gough and wife, Margarete B. Gough, payable
to H. A. Leath, due on or before ninety days after date, with interest from maturity
until paid at the rate of 6% 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 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 hereinafter mentioned; that the said
party of the first part is hereby declared to have a mechanic’s lien on the said improve-
ments, 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
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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
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2. That the said parties of the second part, in consideration of the1 foregoing
agreement and undertaking on the part of the said party of the first part, hereby agree
bind themselves and promise to pay to the said party of the first part for the fulfill-
ment of said agreement and undertaking at Austin, Trevis County, Texas the sum of Twenty
four Hundred Dollars ($2400.00) to be paid as follows, to-wit: The sum of $2400.00
to be due and payable in accordance with the terms of that certain mechanic’s lien
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 cyclones, tornadoes and other windstorms
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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 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
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party of the first part, or other holder of said note or notes, paying the same for 1
on or before ninety days after date free from any and all claims on the part of any
and all persons for materials and labor used in and performed on the said improvements
for the sum of Twenty-four Hundred a No/100 Dollars ($2400.00) , to be paid by the
said parties of the second part to the said party of the first part as hereinafter
provided.
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policies of insurance payable to the said party of the 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
for an amount equal at all times to the aggregate amount remaining unpaid on said
note, in some good and responsible insurance company or companies approved by the said patty
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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/m1/476/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.