Travis County Deed Records: Deed Record 604 - Deeds of Trust Page: 92
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The said note may be paid off at any time by giving three months written notice to th
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grantors and those claiming under them shall be without power by contract or as a result o
any contract to create any lien or liens on said property except one or ones junior and
inferior to the liens securing the payment of this note and extension.
It is further expressly understood and agreed that in the event any other of further
upon said property, or in the event that any mechanic or materialman file, or attempt to
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indebtedness hereby secured shall, at the option of the holder or owner of this note im-
mediately become due and payable.
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And as additional security herein, we hereby assign all rentals arising from said above
in the event of default of payments.
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is hereby continued in full force and effect until the said sum of #436.57 is paid in full
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And this instrument takes up and extends that certain purchase money note dated October
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And it is specially stipulated that the note which this deed of trust secures may be
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main prior and superior to any and all liens hereinafter granted or in any way created on
said property by contract, or as a result of contract or statutory provision; and that the
And this instrument takes up and extends that certain mechanic's lien note and con-
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improvements than those now situated on the hereinbefore described property, or which are
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described property with full power to collect same, this power to be used however, only
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his assigns, otherwise to have full force and effect.
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As a part of this contract, it is agreed that the liens herein granted and/or continue
on the above described property to secure the payment of the above described note shall re'
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Company at Austin, Texas, or to the legal owner of same.
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claim, any lien on said property, or any part thereof, then and in that event, the entire
If the debt above mentioned shall be fully paid as the same becomes due and the agree
ments and covenants herein contained shall be well and truly performed, then these pre-
sents shall be void and shall be released at the expense of the maker of the said note, or
assigned, pledged or sold, together with all liens securing its payment. In the event the
said note shall be sold all credits shall be applied to it immediately and the balance sha
be payable in monthly installments of $20.00 including interest at 7% interest being first
deducted and the balance being applied to principal.
herein and hereby contemplated to be placed thereon, are erected or attempted to be erecte
been transferred to the Company by the legal holder thereof, the original mechanic’s lien
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tract, dated October 28, 1938 executed by the grantors herein to J. P. Simpson in the
original principal sum of$436.57 payable six months after date and secured by a mechanic’s
lien on the above described property, which note and lien in the present sum of $436.57 ha
or time, place and manner of sale, or as to any other preliminary fact or thing, shall be
taken in all courts of law or equity as prima facie evidence that the facts so stated or
recited are true.
And it is further agreed that, in case of the death, resignation, removal or absence
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of the said Trustee from Travis County, Texas, or his refusal or failure, or inability to
act, then such person as may be appointed by instrument in writing executed by the President
of said Company, shall be and is hereby appointed and made successor in trust to the said
Trustee, with all the powers hereby conferred upon the said Trustee.
( The Charter and By-Laws of said Company are expressly made a part of this i nstrumentt
which is to be construed in connection therewith.
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hereunder, all statements of facts, or other recitals therein made.LPto the non-p^ent "T
of the money secured, or as to the request to the Trustee to enforce this trust, or as to
the proper and due appointment of any substitute trustee, or as to the advertisement of sale
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Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 604 - Deeds of Trust, book, 1938-12/1939-03; (https://texashistory.unt.edu/ark:/67531/metapth1564405/m1/98/?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.