[Real estate note for John J. and Olivia C. Herrera] Page: 1 of 2
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KLRims GF 1*6575
REAL ESTATE NOTE
$ 2jkoM
Houston, Texa> Ausust l^tij 19^8
For value received, I, we and each of us, jointly and severally, promise to pay to the order of
- a. E. RHODES and. wife, BILLIE LOTT RHODES,
at Houston, Texas, the principal sum of TWEBTY SECT HUKDRED FORTY AM) k6f100 - - -
Dollars ($ 2jk0.b6 ), together with interest on the unpaid principal
balance from date at the rate of 6 per cent, per annum payable monthly as it accrues. All past
due principal and interest to bear interest at the rate of ten per cent, per annum.
This note is payable in - - - monthly installments of - -- -- -- HOT LESS TEAM
FIFTY AHD WO/lOO ------- Dollars ($ 50.00 ) each and as each installment
is paid the same is to be applied first to the payment of all interest accrued to the date of such
payment and the balance, if any, is to be applied on the principal hereof. The first of said in-
stallments shall be due and payable on or "beforeOctofeer. 19*1-8 ----- and a
like installment shall be due and payable on or "before the same day of each succeeding
calendar month thereafter until the whole of this note (both principal and interest) is fully and
finally paid.
IF DEFAULT BE MADE on this note and if the same be placed in the hands of an Attorney
for collection, or if collected by suit or through the Probate or Bankruptcy Court, or if any action of
foreclosure be had hereon, 10 per cent, shall be added to the principal and interest hereof and here-
on, still unpaid, as Attorney's or collection fees. All makers, sureties and indorsers are jointly and
severally liable herefor, and with reference hereto, waive grace, protest, notice, demand, diligence,
presentation and time of commencement of suit, and consent that additional security may be taken
herefor and/or the time of payment hereof may be extended without notice and without releasing
the liability of any maker, surety or indorser.
FAILURE TO PAY any portion of the principal or accrued interest on this note as the same
becomes due according to the terms herein mentioned, or failure to carry out any of the undertak-
ings agreed to be done by the maker or makers hereof in any instrument or instruments hereinafter
recited to have been given as security for the payment of this note, shall, at the option of the holder
or holders hereof, mature all of the unpaid portion of the principal and accrued interest due on this
note at that time.
This note is secured "by the vendor1 s lien retained and reserved in that
certain Deed of even date herewith, conveying the hereinafter described property
from (J. E. RHODES and wife, BILL IE LOTT RHODES, to the Makers hereof, and as
further security for the payment of same, a Deed of Trust has this day been
executed and delivered by the Makers hereof to CARL J, HECTOR, Trustee, on the
following described property, to-wit:
Lot Sight (8) in Block "D" of GEORGE C. DAVIS
ADDITION to the City of Houston, in Harris County,
Texas, according to the map thereof recorded in
Volume kl, Pc-ge 171 of the Deed Records of said
County,
, 9 j <3 _
(John J, Hepa^era)
1—- •
Olivia C, Heirera)
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[Real estate note for John J. and Olivia C. Herrera], legal document, August 19, 1948; (https://texashistory.unt.edu/ark:/67531/metapth248391/m1/1/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Hoston History Research Center at Houston Public Library.