In Equal installments of Twelve and Eighteen Months we promise to pay Stephen F. Austin or order Two Hundred and seventy dollars in good property subject to a deduction of 33 1/3 per cent if paid in cash being amount due on one League and one Laber of [land] granted to us by Concession dated 9th August 1824 being amt of Fees imposed by the Political Chief of the Province in the Fee bill published by him 20th May in the same Year for the full payment of which we do hereby obligate ourselves our Heirs and assigns and do hereby pledge and Mortgage the said Land.

San Felipe de Austin 6th June 1825.

Hamilton N Yett

Alexr Calvit