The Lee County journal. (Leesburg, Ga.) 1904-19??, 1921-07-08
GEORGTA-Lee County.


day OF February 1920 executed to j. A.
Lipsey security deed with power oil
sale on the property hereinafter describ'
ed for the purpose of securing debt
OF forty thousand $40, 0O0) dollars evil
denced of ten notes each dated February
10, 1920 and maturing as follows; Five
notes of 81, 900 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 and ~. ~
And whereas said security deed stipu-
lated that upon default OF payment OF in
terest, or OF insurance premiums or tax
es as agreed OH 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 week
for four weeks i'll 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 davor of Atlanta
Trust 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
led to declare the entire amount of said
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 ofredemption
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 l42, al, that portion of lot
140 East of Muckaloochee Creek, the
North West one-half of lot 148, being
that portion enclosed by the North and
West lines and line drawn diagonally
across said lot from the Nol tleast corner
to the Southwest corner, known as the
Gilmore place and containing 688 ga
acres, more or less. ~
2. Lots l15, l16, III and that portion
of lot ll8, east of Muckaloochee creek,
said lands aggregating 6S6 acres, more
or less known as the Gill Willis place.
3. Lots So, Sc, 10Y, 1O8 and that por-
! ton of lot 81 East OF Muckaloochee
Creek, said lands aggregatlng 1897 1-2
acres, more or less and known as the
Scrutchins place.
4, Lot 149, East half of lot ~, beirg
all of the East half except acres in the
Southeast corner in the shape of a
squar; that portion of lot l40 containing
30 acres West Of Muckaloochee creek all
of said land aggregating 1923 3-4 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 az
gregating 2602 acres, more or less. Also
all OF the horses and mules, and the saw
mill on said place, and everything con-
nected Herewith. The realty however
d described being sold subject to said Sc
curity deed to Atlanta Trust Company
for S33, 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 gale the equity of re-
demption which said w. j. T. Eaton
held in said lands together with the en-
tire interest which the said Eaton owned
lin the lands themselves together with
the personality hereinafter described.
This June 80, 1921.
J. A. LIPSEY.