Travis County Deed Records: Deed Record 307 Page: 179
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179
4
that I
as
cipal
y^’exas
cipal
party
I
said.
ments as
the date of said deed,and at the end of each succeeding month thereafter until six payments
on John
shall be made,aggregating One hundred and twenty Dollars,and no credits shall he made
on
.H» Rum-
said note until that time,when the whole amount of said sum of One hundred and twenty
par-
Dollars shall be credited on the principal of said note, and the amount remaining unpaid
on said note to be the principal of said note with the same rate of interest,payable in
of
instalments as in the first year,and the Interest payable semi-annually as in the first
a the
year,and so on fromyear to year until the said promissory note has been fully paid and
•vs, to-
satisfied, principal and interest,and the right to be reserved in said note to Increase
Three
252 a-
f
ling
plat
teen
said note,to collect the same and to foreclose the vendor’s lien
on the said
him-
art
said
oinise
ing
Pay the
to
in
of the second part, and any such insurance premiums paid by the said
of
the first
eedi11
cen-
ts >
ti^6’
once become due andpayable and suit may be Immediately commenced,at the
option of the holder of
°ut such
of the
I
the
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said parties of the second part in favor of the said party of
part for the amount so paid,which shallbearinterest from the time of such pay-
part on the said Improvements Shall from the time of such payment
a debt against the
first
| ’ 1
F I
L * i
I. I
Kr I
1
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J
pe made
s of
II
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the said parties of the second part may desire
and the said note to provide if the same should be placed in the hands of an attorney for
collection after maturity,or if collected by legal proceedings of any kind,for an addition-
al ten per cent on the amount to be collected for attorney’s fees;and further to provide
that if any one of the said instalments of principal hereinbefore mentioned,or any instal-
ment of interest on the said note,shall not be paid when due,then,at the option of the hol-
der of the said promissory note,the whole of the said note,principal and interest then
accrued,shall at
s°n Cod
o be
■
k
r
r, *
■
F F ''
said monthly payments to such ah amount as
e un'
. 1^'
ciPal
to me
by ttie
property,to be expressly retained in the said deed of conveyance to secure the
payment of the said promissory notejand that the said parties of the second part are to kep
keep the improvements
at least Fifteen
the said
of
i second part hisgeneral warranty deed of conveyance to the said property;and the
the sum
the first part is to make,execute,acknowledge and deliver to the said parties
of the
partiesof the second part to have the right to increase said monthly payments herein-
mentioned to such an amount as they may desire;and for the remaining Nine hundred
part,at his option,without being under obligation to do so,may
policy or policies of insurance and pay the premiums therefor on account
s aid parties
party Of
skitute
on the said property insured against fire,at their own expense,for
hundred Dollars,in an insurance company or companies to be selected by
party of the first part,and to have the said policy or policies of Insurance pay-
able to the said party of the first part as the Interest of such party may appear,and to
eposit such policy or policies of Insurance with the said party of the first part,and to
premiums therefor,and in case the said parties of the second part shall fail to
cure the said policy ox* policiesof insurance, andt o pay the premiums therefor, then, the
said party of the first
take
before
Dollars of said purchase money, the said parties of the second part are to make, execute and
deliver their one certain promissory note bearing even date with said deed and to bear
interest from the date of said deed until paid at the rate of eight per cent per annum,
payable semi-annually,and if interest be not paid when due ,to become as principal and bear
the same rate of interest,and the principal of said note to be payable in monthly instal-
follows:-One Instalment of Twenty Dollars to be paid at the end of one month from
whole amount of the saidOne hundred and twenty Dollars shall be credited on the
♦then tne wnvx
rinc±pal,and the ameunt remaining unpaid to be the principal with the same rate of inter-
est payable in instalments as in the first year,and the interestpayable semi-annually
in the first year,and so on from year toyear until there las been paid on the said prln-
of Eighteen hundred Dollars,Nine hundred Dollars,leaving unpaid on the said prin-
of Nine hundred Dollarsand all interest to said date fully paid,when the said
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Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 307, book, 1919-01/1919-05; (https://texashistory.unt.edu/ark:/67531/metapth1212453/m1/185/?q=%221919~%22: accessed July 13, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Travis County Clerk’s Office.