Travis County Deed Records: Deed Record 627 - Mechanics Liens Page: 306
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by the said parties 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 party for the fulfillment of
mechanic’s lien note of evendate herewith, executed by parties of the second part, payable
per annum, and providing for the usual attorney’s fees; and it being provided in said
the option of the holder hereof, the said promissory note, principal and interest then
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improvements, and on the said property hereinbefore mentioned and described, constituting
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partiesof 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
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unpaid on said note, and against cyclones, tornadoes and otter 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 tohave the policy or policies of insurance
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other holder hereof, until the said indebtedness herein described has been fully paid and
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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
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payable to the said party of the first party or other holder ofsaid note or notes, as the
interest of the said party of the first part or other holder of said note, may appear, and
said agreement and undertakingat Austin, Travis County, Texas, the said sum of Twenty-
Eight Hundred and No/100 ($2800.00) Dollars in accordance with one certain promissory
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That the said parties of the second part, in consideration of the f regoing agree-
ment and undertaking on the part of the said party of the first part, hereby agree, bird
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to deposit such policy or policies of insurance with the said party of the first part, or
ments, to secure the payment of the said indebtedness hereinbefore described; that the said
note that is any installment of principal or interest shall not be paid when due, then, at
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to the order of party of the first part at Austin, Texas, on or before four (4) months
after date, said note bearing interest after maturity at the rat e of six (6) per centum
satisfied^ thnt the said parties of the second part also hereby agree and bind themselves
accrued, shall at once become due and payable, and suit may be immediately commenced, to
one body of land and intended to be used and enjoyed in connection with the said improve-
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fail to pay the said taxes, or any part thereof, on the said property, when the same be-
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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
come due and payable, then, the said party of the first part, or other holder thereof at
satisfied: and -in case they fail to procure the said policy or policies of insurance,
or fail to pay any of the premiums therefor as thy severally become due and payable, or
his option, without being under obligation to do so, may take out such policy or policies
of insurance and pay the premiums theffor,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, oreither,
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 secondpart 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 six 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 shalt
fail to pay the said taxes, or any part thereof, before the same become delinquent, or fail
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Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 627 - Mechanics Liens, book, 1939-11/1940-08; (https://texashistory.unt.edu/ark:/67531/metapth1596370/m1/312/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.