Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-01-03


1913, 1914, 1915, 1916, and 1917, res
pectively, said principal note stipula--
ing and providing that upon failure of
the said Spain c. Kelley to comply with
the conditions mentioned therein, in
Guiding the payment of the interest on
SAID principal note as evidenced byI
said interest coupons, within thirty
800 days from the date of maturity of
any one or more of said interest notes,
the whole amount of said debt includ-
ing principal. interest, taxes, and at
torney's fees should become immed-
lately due and payable at the election
of the holder of said note, and the
said Spain c. Kelley having failed to
pay the interest of one hundred and
fifty ($150.00) dollars which became
due on Nov LIST, 1915, said interest
note was paid by N. M. Dudley, as re-
ceiver of the Americas National Bank,
and transferred to him as receiver.
without recourse, subject and second
to the balance of said Indebtedness due
to the Mutual Benefit Life Insurance
Company, which said interest note re-
mains unpaid and the interest note for
one hundred and fifty ($15000) dollars
which became due on Nov. 1st, 1916,
has not been paid, and more than
thirty 800 days have expired since said
interest became due. and the Mutual
Benefit Life Insurance Company, the
holder of said note, has declared the
principal and interest due on said
pote, to be due and payable on account
of the default in the payment of the
interest as hereinbefore mentioned, the
lows:
Said principal note amounting to
twenty five hundred ($25OOOO) dollars,
and interest of one hundred and fifty
I (S150.00) dollars which became due on
Nov. list, 1915; also interest of one
hundred and fifty ($150OO) dollars
which became due On Nov. 1st, 1916,
together with interest on said princi-
pal note from Now LIST 1916, and inter
est on said two interest coupons, at the
rate of per cent. per annum from
maturity of each respectively, and 10
} per cent. ON said amounts as attorneys
} fees. together with all costs and ex-
penses of sale, the said deed to secure
debt from the said Spain C. Kelley to
the Mutual Benefit Life Insurance
Company hereinbefore mentioned be-
ing recorded in the Office of the Clerk
Of the Superior Court of Sumter Coun-
ty, Georgia, in deed book LII page 157,
and the recitals, rights and powers
: stipulated in said deed, including the
power of sale, ETC., being as follows:
The said party of the first part
further covenant and agree, that in
case of default in payment of the debt
above mentioned when due, or in case
Of default in any Of the conditions
mentioned in the said bond for re-
conveyance, the said party of the sec
ond part may enter upon said premises
and collect the rents and profits there
Of, and may sell the said property. in
GLIDING the right, title and intere It
therein of the party of the first part,
his heirs and assigns, at auction at the
courthouse door in the county in
which said land lies, and if it lies in
more than one county, then at the court
! house door of either county in which
! any part of said land lies, to the high
: est bidder for cash. first giving four
! weeks notice of the time. terms and
place of sale by advertising once al
week in a newspaper published in the
county where the said land lies, and
. if said land lies in more than one
county, then in newspaper published
in each county in which any part of
the land lies; all other notice being
hereby waived by the said party of the
first part; and thereupon may execute
and deliver to the purchaser at said
sale a sufficient conveyance of said
premises in fee simple, which said
conveyance shall contain a recital as
to the happening, or default upon
which the execution of the power to
sell herein granted depends. And the
said party of the first part hereby con-
stitute and appoint said party of the !
second part, his agent or attorney in
fact, to make such recital, and hereby |
covenant and agree that the recital so
to be made by said party of the second !
part shall be binding and CONCLUSIVE I
upon his heirs, executors, adsnfnistra-
tors and assigns. And the conveyance
to be made by said party of the second
part, shall be effectual to bar all equity
of redemption of said party of the first