Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 71
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until the same have been completed by the said party of the first part, according to the
said plans and specifications, turned over to and accepted by the said party of the second
part; that the said party of the first part hereby agrees and binds himself to pay for all
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materials and labor used in and performed on the said improvements as the same accrue, and
to have the said improvements completed, according to the said plans and specifications,
and ready for occupancy on or before sixty 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 One Thousand One Hundred Ninety-four ($1,194.00) Dollars, to be
paid by the said parties of the second part to the said party of the first part as herein-
after provided.
party of the first part hereby agrees to be responsible for any damage that may happen to
the said improvements in the course of erection from fire, or from any other cause whatever
on said lot, according to plans and specifications agreed upon by and between the
part, or other holder of said note, may appear, and to deposit such policy or policies of
class work and materials for all parts thereof that may be necessary for the full completion
of the said improvements, according to the said plans and specifications; that the said
parties hereto, signed by the parties hereto for identification, and made a part of this
contract, for the said parties of the second part, upon all that certain tract or parcel
of land lying and being situated in Travis County, Texas, and described as follows, to-wit:
Lot No. Twenty (20) and the East Fifty (50’) feet of Lot No. Eleven and the South Twenty-
five (25’) feet of the East Fifty (50’ ) feet of Lot No. Ten (10) in Block No. Three (3) , in
Hyde Park Annex, in the City of Austin, Travis County, Texas, according to the map or plat
thereof recorded in Book 2, Page 150, of the Plat Records of Travis County, Texas, and being
the same property conveyed Joe Murchison, by warranty deed of David C. Gracy, dated October
29th, 1958, recorded in the Travis County Deed Records, and to furnish and provide first
2. That the said parties of the secondpart in consideration of the foregoing agreement and
undertaking on the pert 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 fulfillment of said agreement
and undertaking at Austin, Travis County, Texas, the said sum of $1,194.00, sixty days after
date, bearing interest at the rate of 7% per annum, from maturity, containing the usual
ten per cent attorney’s fees clause , and it being provided in said note that if any install-
ment 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 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 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 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 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
party or other holder of said note or notes, as the interest of the said party of the first
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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/m1/77/?q=%221939-03%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.