HomeMy WebLinkAboutResolution - 040236A - Refinancing Paving Lien - Overton Addition, Lot 23 Block 77 - 04/02/1936THE STATE OF TEXAS
COUNTY OF LUBBOCK
7,!HEREAS, on April 20th, 1932 1A.C. Overton and arife
executed a note for 33200.00 payable to The Peoples' Building &:
Loan _associ:tior; of E1 Paso, 'Texas and secured it by Deed of
"Frust on Lot T=7enty-three (23), in Block `seventy-seven (77) of
the Overton gddition to the amity of Lubbock, in Lubbock Uounty,
Texas, which Deed of Trust is a first and prior lien as against
the .paving lien created in favor of the Uity of Lubbock on July
'?5th, 1935, such having lien stras against 13th Street and was made
to secure assignable certificates, and
"t EAS, said lien as against Lot T-:enty-three (23) in
31ock Seventy-seven (77) of the Lverton Addition owned by the
said i'i.C. Overton amounted. to X113.52, and the certific�.te cover-
ing the same has been assi?ned to
and
'HEREAS, the Dee(i of Trust note has been sold to the
lirst Federal Savings and Loan Associ-tion of El Paso and it is
contemplated that the obligation thereof be refinanced, renewed
and e:rtended bTa neer note and Deed of 'frust to be executed bJ
G.D. Holbrook and wife, to whom the property has been conveyed:
10'T, THEREFORE, the City of Lubbock, joined by
R-oss Ed-rrards M _ its Mayor , agrees that its
paving lien shall be junior and inferior to the liens to be
created b;,r such refinancing instruments.
IN 'gTITN3SS "HEREOF, .Rre ?;ave causeld these presents to be
signed this �h day of A.D. 1936.
A=T ST:
H Rod ers__
Actg. City :Secretary
CITY OF LUBBOCK
By Ross Edwards__
Mayor