Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-01-07

tber covenant and agree, that in case
of default in payment OF the debt above
mentioned when due, or in case of de
fault in any of the conditions mention
the said party of the second part may
enter upon said premises and collect
the rents and profits thereof, and may
sell the said property, including 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 1T 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 highest bidder for
cash, first giving four weeks notice of
the time. terms and place
of sale by advertising once
a week in newspaper pub
lished 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 sufficient conveyance of
said premises in fee simple, which
said conveyance shall contain
a recital as to the hap
penings, or default upon which the
execution of the power to sell herein
granted depends. And the said party
o. the first part hereby constitute 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 upon his heirs,
executors, administrators and assigns.
And the conveyance to be made by said
party of the second part, shall be eff
fectual to bar all equity of redemption
of said party Of the first part. his sue
eessors in interest, in and to said
premises The said party of the Sec
ond part shall collect the proceeds of
said sale, and have reserved therefrom
the entire amount of principal and
IL terest due, together with the amount
of taxes, assessments, premiums of in
surance and attorneys fees, thereto
fore paid by said party of the second
part with eight per cent interest per
annum from the date of payment, to-
gether with all cost and expense of
sale and ten per cent. upon the aggre-
gate amount due for compensation to
the attorneys representing said party
of the second part, and shall pay over
any surplus to the party of the first part
his heirs or assigns. And said party
of the second part its successors or
assigns, may purchase at said sale,
and execute and deliver to itself con-
veyance as herein provided as though
il were a stranger to this instrument.
And the said party of the first part
further covenant and agree that the
powers of attorney herein before and
after stipulated together with all the
powers of this instrument set out and
delegated to the said party of the sec
ond part, may be assigned and delegat-
ed and redelegated by the said party
of the second part, and shall apply to
its successors with equal power in
them to assign and delegate and redel-
egate said powers. 1t is further agreed
that the powers herein conferred may
be executed by any officer, agent or at
torney of the party OF the second part
who may be delegated thereto by the
said party of the second part, its sue
/ cessors or assigns. The powers herein
conferred are cumulative of the RENE
dies allowed by law or in equity.
, The said party of the first part
further covenant, that in case of a sale
as hereinbefore provided, or by process
OF law, the party of the first part, or
any one claiming under the said party
CT the first part, shall then become
and be tenant or tenants holding over,
and shall forthwith deliver possession
I, at said sale or be summarily DISPOSE
essed according to the provisions of
: law applicable to tenants holding
over.
All the papers in connection with
said loan were, on the 26th day of De-
cember. 1916, transferred and assigned
by the said Mutual Benefit Life Insur-
ance Company to the Empire Loan &
Trust Company, of Sumter County,
Georgia, conveying to the Empire Loan
& Trust Company the legal title to said
described land, and the title to said
notes, and conveying, transferring, as