HomeMy WebLinkAboutResolution - 022565H - Release Vendor's Lien Note - J.W. Wright - Lot 2, Block 3, Suburban Homes Add - 02_25_1965 I
F OAS:kks
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
33 THAT the City of Lubbock accept payment of the principal amount of thht
certain Vendor's Lien Note described in the warranty deed executed by the Mayo
of the City of Lubbock to J. W. Wright, dated July 1, 1963 and recorded in
Volume 973, on Page 90 of the Deed Records of Lubbock County, Texas, togethe
with all the interest accrued thereon to this date and be it further resolved that
the Mayor of the City of Lubbock be and is hereby authorized and directed to
execute for and on behalf of the City of Lubbock a release of the Vendors Lien
retained in the deed described above together with the Deed of Trust lien deliver d
to further secure said note, which release is attached herewith and shall be
spread upon the minutes of the Council and as spread upon the minutes of the
Council, shall constitute and be a part of this resolution as if fully copied herein
in detail.
Passed by the City Council this 25th day of February , 1965
MAX TIDMORE,-Mayor
ATTE
Lai nia Lowe, City Secretary-Treasurer
APPROVED:
Fred O., Senter, Jr., City o ney
I�
�196—RELEASE OF LIEN(BY CORPORATION) _ TUAa STANDARD Foam II�
Wnum Alt 19m hg G, 4rsr Urrsrn#s:
eauntg Df LUBBOCK
I
That in consideration of the payment in full according to the face and tenor thereof, of one i
I�
certain promissory note dated July 1, 1963, in the original principal sum of Three
�+ Thousand Ninety and Fo/100 (03,090.00) Dollars, bearing interest from date thereof
l at the rate of Six (6%) per cent. per annum, payzble to the order of the City of
1+ Lubbock, in three annual installments of $1,030.00 each, plus interest, all as i
+i therein provided, secured by the vendor's lien retained and {'
described in a certain warranty deed
executed by City of Lubbock i
to J. VT. Wright I
. I
i dated the lst day of July 19 63 ,and recorded in Vol. 9?3, on
page 90, of the records of Deeds of Lubbock County,Texas,
i
i
CITY OF LUBBOCK, a municipal corporation,
I
{
the owner and holder of said note , does hereby release the vendor's lien and the deed of trust
lien, below mentioned,
:k=shown by said instrumentsto exist upon the following described property, to secure payment of said i
note , viz.:
'I
All of Lot Two (2). Block Three (3), Suburban Homes Addition
to the City of Lubbock, Lubbock County, Texas, according to
the plat and dedication thereof recorded in Vol. 940, Page it
514, et seq., of the Deed Records of Lubbock County, Texas;
The above described note is also secured by a deed of trust of even date there-
with, executed by said maker for the benefit of the payee of said note, and covering !i
the above described property, which said deed of trust has never been filed for record.
IN WITNESS WHEREOF, the said Corporation has caused these presents to be signed by its duly
authorized officers and to be sealed with the Seal of the Corporation, at Lubbock, Texas, j
this 17th day of February ,A.D. 19 65. j
Attest: CITY OF LUBBOCK
............. . . r //y.. ��. _._......_. . B
Secretary. �'_�{� �/j�j{6 I
V (Seal) _/ ..._......
{ Max Tidmore, $favor � I
CORPORATION ACKNOWLEDGMENT I
f THE STATE OF TEXAS,
COUNTY OF LUBBOCK 1
lIi
BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this day personally appeared I
I' {
Max Tidmore, Mayor of the City of Lubbock, known to me to be the person and officer
i whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said
City of Lubbock, a municipal corporation,
G and that he executed the same as the act of such corporation for the purposes and consideration therein I
expressed,and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of February, A.D.1965. !!
(L. S.) _...................................................._................
...._...�.. 'Notary Public in and for Lubbock County, Texas j f
i