The Marietta journal and courier., 1918-02-15
SALE UNDER POWER IN LOAN
DEED.

Lillian l.. r am ueeu 10 ScSuic uOOI
conveying property hereinafter de-
scribed; the said debt being evidenc-
ed by his note of 100000 to said
Mrs. Lillian L. Fain due June 8, 1915
with interest from date at the rate of
8 per cent per annum payable semi
annually as per interest coupons of
eighty dollars each due on December
8, 1914 and June 8, 1915 respectively
and
Whereas on June 3, 1915 the SAID
debt was renewed by w. Y. Allen so
as to mature June 3, 1918 he giving
6 additional interest coupons of
eighty dollars each, one due every
six months thereafter respectively
and bearing 8 per cent. interest from
it's maturity which renewal coupons
agreed to all the conditions of the
said principal note and
Whereas nothing has been paid on
the said indebtedness except the two
original and the first renewal interest
coupons and ten dollars on Septem-
Der 2, 1915 on interest coupon due
June 3, 1917 leaving now unpaid said
principal note and interest coupons
now past due besides interest thereon
as follows: 100000 on the princi-
pal note, $4,000 on interest coupons
and $54.13 interest to date, besides
all future interest at the rate of s
per cent. per annum, and
Whereas the said deed, note and
coupons provide that if any one of
the said interest coupons should not
be paid at maturity, then the princi-
pal note together with all arreages
of interest shall at once become due
and collectable at the option of the
holder thereof and
Whereas Mrs. Lillian L. Fain has
elected to declare the said indebted
ness all due for default in payment
of the said four past due interest cou-
pons and
Whereas the said deed, note and
coupons provide that the said W. Y.
Allen expressly agrees and covenants
that if the debt to secure which this
said deed is made is not promptly
paid in accordance with the tenor and
effect of the contract of indebtedness
aforesaid then the said Mrs. Lillian
L. Fain may and is by these presents
authorized to sell at public outcry
to the highest bidder for cash, all
of the said property hereinafter de-
scribed for the purpose of paying the
said Indebtedness and the expenses
of the proceedings after first adver-
tising the time, place and terms of the
sale in some newspaper publishd in
Cobb County, Georgia, once week
for four weeks preceding the time
appointed for the said sale and con-
stituting the said Mrs. Lillian L.
Fain attorney in fact for the said
W. Y. Allen to make to the said pur-
chaser of the said property at such
sale a good and sufficient title in fee
simple to the said property and to
apply the proceeds of the said sale
to the payment of the said indebted
ness and all expenses connected with
the said proceedings and the remain
der if any, to the said w. Y. AL
len.
Now by virtue of the aforesaid
power the said Mrs Lillian L. Fain
will on Saturday, March sixteenth,
1918, within the legal hours of Sher-
| ifs sales sell to the highest bidder
for cash before the court house door
in Marietta, in Cobb County, Geor-
gia, all that tract or parcel of land
lying and being in land lot $50 of the
Seventeenth District and the Second
Section of Cobb County, Georgia and
beginning on the eastern side of the
right of way of the Western & At
lantic r. r. at the line of the pro-
perty now owned by B. F. Reed, said
beginning point being marked by an
iron pin; running thence southwark
ly along the right of way of said rail
road 1907 feet to an iron pin on the
line of what is known as the Walker
property; running thence a little
nofth of east 1176 feet to Roswell
street; thence enthusiastically along
Roswell st. 2O82 feet to an unnamed
St; thence enthusiastically along
the said unnamed street 1864 feet to
another unnamed street; thence near
ly due west along the said last men
toned street 26.6 feet to the north
east corner of B. T. Reeds property:
thence southerly along the line of
Reeds property 57.3 feet to a cor
ner marked by turn in the fence:
thence nearly due west along said
fence and along a small ditch 238
feet to the beginning point. Being
h.