The Lee County journal. (Leesburg, Ga.) 1904-19??, 1921-07-01
GEORGIA-Lee County.


day of February 1920 executed to ]. a..
Lipsey a security deed with power OF
sale on the property hereinafter describ-
ed for the purpose OF securing a debt
of forty thousand ($40,000) dollars evil
denced of ten notes each dated February
10, 1920 and maturing as follows: Five
notes of 81, 600 90 each and due annually
from date for five years and five notes of
$500 each and due annually from date
for five years with interest thereon at
seven per cent per annum, said security
deed being recorded in the Office of Lee
Superior Court in deed book N, pages
4 aud AZ.
And whereas said security deed stipu-
lated that upon default ofpayment OF in
terest, or of insurance premiums or tax
es as agreed on or any one of the notes
when either shall have fallen due that
the grantee or his assigns might treat
the entire debt, thereby secured due for
all purposes whatever, and
Whereas, said security deed stipulated
that upon the failure to pay said indebt-
edness, or any part thereof j. A. Lipsey
had the power to be exercised at his OPP
ton, to advertise and sell said property
described in said deed and hereinafter
described at public out cry after adver-
Using the same for sale for once a week
for four weeks in some paper published
in said county and in the name of said
grantor make title to the purchaser at
said sale and
Whereas said security deed stipulated
that it was subject to prior loan deed
on the lands described therein and here
matter described in favor of Atlanta
THUS. Company for $32, 10000,
And whereas said w. T. J, Eaton has
defaulted in the payment of each and
every note, including interest which by
the terms of said security deed has fallen
due and the said J. A. Lipsey has elect
el to declare the entire amount of sale
Indebtedness due and collectible under
the terms of said security deed and to
exercise the power of sale contained in
! said deed by reason of said default;
Now, therefore, in consideration of
| the foregoing the said J. A. Lipsey will
sell at public. cutlery on the first Tuesday
in August 1921, between the legal hours
of sale, before the court house door in
Lee County, Georgia, to the highest and
best bidder for cash all of the interest
which said W. 7. j. Eaton Eaton had or
held in and to the land hereinafter des-
cnbed including his equity of redemption
under the said security deed to the At
lanta Trust Company hereinafter refer
red to, the said land being sold subject
to said security deed to Atlanta Trust
Company which is recorded in Clerks
office OF Lee County Georgia in Book
page.
The said Property to be sold being
described as follows, to-wit:
l. Lots 142, al, that portion of lot
( 40 East Of Muckaloochee Greek, the
North West one-half of lot 148, being
that portion enclosed by the North and
West line. and a line drawn diagonallyi
across said lot from the Northeast corner
to the Southwest corner, known as the
Gilmore place and containing 6S8 ga
acres, more or less. 1
2. Lots rs, 116, III and that portion
of lot us, east of Muckaloochee creek,
said lands aggregating 6S6 acres, more
or less known as the Gill Willis place.
3. Lots IS, Sc, 10Y, 10S and that por-
ton of lot 81 East Of Muckaloochee
! Creek, said lands aggregatlng S97 1.2
acres, more or less and known as the
Scrutchins place.
4. Lot 149, East half of lot III, berg
all OF the East half except 4,acres in the
Southeast corner in the shape of a
squar; that portion of lot $40 containing
80 acres West OF Muckaloechee creek all
OF said land aggregating 329 50 acres
more or less, and known as the Gill
Place.
All of the above described lands lying
and being and situate in the Thirteenth;
District of Lee County Georgia and ag.lE
gregating 1902 acres, more or less. AlseH''
all of the horses and mules, and the saN7
mill on said place, and everything conssii
nected Herewith. The realty however;
described being sold subject to said Sc
curity deed to Atlanta Trust Company
for $33, 10000.
Said sale will be made for cash and
said j. A. Lipsey as attorney in fact for
said w. 7. J. Eaton will convey to the
purchaser at said sale the equity of re-
denption which said W. j. T. Eaton
held in said lands together with the en-
tire interest which the said Eaton owned
| in the lands themselves together with
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