The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-10-12
State of Georgia, Cobb County.

State of Georgia, Cobb County.
UnGer and by virtue of power of sale
contained in certain deed to secure a debt
executed by Albert Gibson to Kennesaw State
bank on tie lst day of February. 1921, and
corded in the office of the Clerk of the Super
Tor Court of Cobb County, Ga, in Deed Book
6f, page $40, the undersigned will sell at
public sale, at and before the court house
door in said County of Cobb, during the legal
hours of sale, to the highest bidder for cash,
the following described property, to-wit
All that tract of land lying and being in
the 10th District and End Seution of Cobb
County, Georgia, and containing forty (40)
acres, more or less, and being the Northwest
corner of land lot No. l64 in said District
and Section, above mentioned, and bounded
as follows North, by land of j. J. Green,
East by land of j. H. Owens, South by land
of j. H. Owens, and on the West by land of
b. II. Carrie This being the same land decided
from b. V. Green to Marian Green on Nov
ember 18th, 1909, and recorded in Deed Book
N W folio ISL Noyember 29th, 1909.
SAID above described tract of land was
veyed to said Kennesaw State Bank on the
18th day of January, 1921, for the purpose
OF securing a certain Indebtedness due said
Bank by said Albert Gibson, which indebt-
edness was represented by two certain pro-
missory notes dated on January 18th, 1921,
one being for the principal sum of S603.56,
due on November LIST. 1921 with interest from
maturity at the rate of eight per cent and
the other of said notes being for the prin-
cipal sum of $4,000, due January lst 1922,
with interest at the rate of eight per cent
from maturity, with all costs of collection,
the total amount due upon said two notes
being at this time the sum of $139293
Said security deed hereinbefore referred t0l
contains a stipulation to the effect that Il
the said Albert Gibson shall fail to pay any
in stallment Of taxes due against said proper
ty promptly then the said Kennesaw state
Bank is authorized at its option to sell salC
property for the payment of said taxes and
said Indebtedness referred to in said deed
The said Albert Gibson failed and refused q
pay the installment of taxes due upon san
property for the year 1921 promptly whef
due and failed to pay said taxes at all, an@
the said Kennesaw State Bank was forceS
to pay the same on the 4th day of AprH
1922, in order to protect said property FROM
sale by the Sheriff, which said taxes amounted
to the sum of $27.54, which under the term
of said deed, said Bank holds a lien upon
said land security therefor
Under the terms of said deed herlnoeIoi
referred to, the failure of Albert Gibson y
pay said taxes would authorize said hennesa
State Bank to sell said poperty provide
in said deed, even if the indebtedness reterreN
to therein was not due, at its option, out y
a matter of fact both of said notes mere
referred to are long past due, and SAID Ne
nesaw State Bank will sell said property 81
the purpose of applying the proceeds OF -
sale to the payment of said Indebtedness 81
resented by said two notes, together with
amount of taxes paid by it already set o.
together with costs of this proceeding as
provided for and stipulated in said secur
deed, the balance if any, to go TO the r.
Albert Gibson. A conveyance will be mace &
the purchaser by the undersigned as proyl'N
for in said deed given to secure said indeOV Fl
ness.
This October 10th, 1922.
KENNESAW STATE BANh'
Acting as attorney-in-tact W
Albert Gibson