Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-02-01

promissory note for the sum Of twenty
five hundred ($25OO.OO) dollars execut-
ed and delivered by the said Spain C.
Kelley to the Mutual Benefit Life In
surance Company on the 5th day Of
August, 1912, and due on the 1st day If
November, 1917, STIMULATING interest
from the date of said note ct the rate
of 6 per cent. per annum, payable an
nually. and 10 per cent. attorneys
fees, the interest on said note being
evidenced by six interest coupons Of
the same date, one of said interest
notes to become due payable on the 1st
day of November of the years 1912,
1913, 1914, 1915, 1916, and 1917, res
pectively, said principal note stipula1-
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 by
said interest coupons, within thirty
500 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 ($15O.OO) dollars which became
due on Nov. 1st, 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 ($150.00) dollars
which became due on Nov list, 1916,
has not been paid, and more than
thirty (9O) 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
note, to be due and payable on account
of the default in the payment of the
interest as hereinbefore mentioned, the
amounts du, and unpaid being as fol-
lows:
Said principal note amounting to
twenty five hundred ($25OO.0O) dollars,
and interest of one hundred and fifty
($150.0O) dollars which became due on
Nov. list, 1915; also interest of one
hundred and fifty ($150.OO dollars
which became due on Nov. 1st, 1916,
together with interest on said princi-
PAL note from Nov. 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
Ut 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
'urthec covenant and agree, that in
case of GerHult 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 interest
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
week in newspaper published in the
county where the said land lies, and
if said land lies in more than one
county, then in a newspaper published
Il 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
ard 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