Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 172
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policies shall be kept.
And in case of default made by the parties of the first part in the
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THE STATE OF TEXAS
COUNTY OF TRAVIS
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C. E. Hankins
Party of the Second Part.
Ruth Baker
Parties of the First Part.
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performance of any of the foregoing stipulations, the same may be performed by the party
of the second part, or other holder of said notes, and the parties of the first part agree
to repay to the payor thereof, all money thus expended by payor, with interest at the rate
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ten per cent per annum from the date when the same was expended, and all sums thus expendec
shall stand secured by this contract in like manner with the above notes.
Said parties of the first part hereby waive, in favor of the said indebtedness, all homesteed
exemptions and allowances, and all allowances in lieu of homestead, or for exemot articles,
or for support, and all commissions which may accrue to either of them in any probate
proceeding, if any, in which the said premises may be involved.
Witness our hands at Austin, Texas, this 15th day of November, 1938.
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payable annualy and all past due principal and interest shall bear interest from maturity
at the rate of ten per cent per annum.
(§144.02 of the above amount for 1937 and 1938 Taxes)
said notes further providing for ten per cent additional, on the amount of principal and
interest then due, as attorney’s fees if placed in the hands of an attorney for collection
or if suit is brought on same, and providing that failure to pay either of said notes, or
any installment of interest when due, shall, at the option of the holder of said notes, or
either of them, mature all of said notes not then already due.
It is expressly agreed and understood that to secure the payment of said notes according to
their face, tenor and effect, the party of the second part retains and shall have a valid
and existing mechanic's, materialman’s, laborer’s and contractor’s lien, equities, security
and interest in and to the above described real estate and the improvements now upon, and
to be placed upon said land, and it is agreed and understood that said notes may be
assigned, and the assignee or purchaser shall have and be subrogated to all the rights and
equities of the party of the second part, to have and to hold the same, together with all
the rights and appurtenances to the same belonging or in anywise incident or appertaining.
It is also further agreed and stipulated that the parties of the first part shall, at their
own cost and expense,keep the property and premises herein described, and upon which a lier
is hereby created, in good repair and condition, and to pay all taxes due and to become due
thereon, before the same shall become delinquent, and shall keep the buildings, if any, and
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Before me, the undersigned authority, a Notary Public in and
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first part hereby agree to pay to the party of the second part, at Austin, Texas, the sum of
Eight Hundred Ninety Four and 02/100 Doliars,as follows:
(With interest from date at the rate of 61% per annum)
§5.00 or more each month, the first installment being due and payable on or before the 15t
day of December, 1938, and one installment to become due and payable on or before the 15th
day of each succeeding month thereafter until the whole principal sum is paid. Interest i,
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for said County and State, on this day personally appeared C.C.Baker and Ruth Baker, his wife.
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improvements that are insurable, insured in a sum of at least §900.00 in some fire insurance
company approved by the party of the second part, or other holder of said notes, to whom the
loss, if any, shall be payable, as interest may appear; and by whom the policy or
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both known to me to be the persons whose names are subscribed to the foregoing instrument
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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/m1/178/?q=%221939-03%22&rotate=270: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Travis County Clerk’s Office.