Travis County Deed Records: Deed Record 598 - Mechanics Liens Page: 93
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be placed in the hands of an attorney for collection after maturity, or if collected by
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and payable, and suit may be immediately commenced, at the option of the holder thereof,
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 described, constituting one body of land
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the payment of the said promissory note hereinbefore mentioned; that the said parties
of the second part hereby agree, and bind themselves that after the said improvements have
been completed by the said party of the first part, according to the said plans and speci-
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approved by the said party of the first part, or other holder of said note,and to have the
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holder of said note, as the interest of the said party of the first part, or other holder
of
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said note, may appear, and to deposit such policy or policies or insurance with the said
party of the first part, or other holder of said note, until the said promissory note
hereinbefore mentioned and described has been fully paid and satisfied; that the said parties
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said policy or policies of insurance, or fail to pay any of the premiums therefor as they
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for and on account of the said parties of the second part, and any such premiums of
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parties of the second part in favor of the said party of the first part, or other holder of
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of such payment at the rate of eight 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 shall fail to pay the said taxes, or any part thereof,
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for attorney’s fees; and it being provided in said promissory note that if said note or
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policy or policies of insurance payable to the said party of the first part, or other
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on the said property before the same become delinquent, or fail to keep the said improveme
insured as aforesaid, or fail to pay any premiums therefor when the same severally become
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fi cations and accepted by them, to keep the said improvements insured, at their own
expense, against fire for at least $4500.00 and against cyclones, tornadoes and other wind-
storms for at least $4500.00 in some good and responsible insurance company or companies
any installment of interest shall not be paid when due, then, at the option of the holder
and intended to be used and enjoyed in connection with the said improvements, to secure
other holder of said note, without being under obligation to do so, may take out such
due and payable, or fail to pay any one of the said installments of principal or interest
part, or other holder of said note, at the option of the said party of the first part, or
thereof, said promissory note,principal and interest then accrued shall at once become due
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promissory note has been fully paid and satisfied, and in case they fail to procure the
party of the first part, or other holder of said note, to collect the same and to
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of said note, shall from the time of such payment constitute a debt against the said
when due, then, at the option of the said party of the first part, or other holder,of
insurance and taxes, or either, paid by the said party of the first part, or other holder
severally become due and payable, or fail to pay the said taxes,or any part thereof, on
the said property when the same become due and payable, then, the said party of the first
of $4500.00 and payable on or before March 1st, 1939, and bearing interest from maturity
until paid at the rate of 5% per annum, payable monthly, and providing if the same should
policy or policies of insurance and pay the premiums therefor, and pay such taxes, all
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said note, paying the same for the amount so paid, which shall bear interest from the time
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to collect the same and to foreclose the mechanic’s lien hereinafter mentioned; that the
hereinbefore mentioned and described, when the same become due and payable, until the said
said note, the said promissory note, principal and interest then accrued, shall at once
become due and payable, and suit may be immediately commenced, at the option of the said
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of the second part also hereby agree, and bind themselves to pay all taxes on said property
legal proceedings of any kind, for an additional ten per cent on the amount to be collected
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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/m1/99/?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.