The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-11-02

State of Georgia, Cobb County
! Onder and by virtue of a power of sale
contained IN a certain deed to secure a debt
executed by Albert Gibson to Kennesaw State
Bank on the LIST day of February, 1921, and re-
corded in the office of the Clerk of the Super
Tor Court of Cobb County, Ga, in Deed Book
o., page $40, the undersigned will sell, at
pu3Ilc 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 tnat tract of land lying and being in
the 10th District and 2nd Seution of Cobb
acres, more or less, and being the Northwest
corner of land lot No. 1874 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 ). H. Owens, and on the West by land of
D. II. Carrie. This being the same land decided
from Is. V. Green to Marian Green on Nov
emoer 18th, 1902 and recorded in Deed Book
N w, folio 281, November 29th 1909
Said above described tract of land was con-
Veyed to said Kennesaw State Bank on the
lZth 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-
mlssory notes dated on January 18TH 1921,
one being for the principal sum of S60356,
due on November 1st, 1921 with interest from
maturity at the rate of eight per cent, and
the other OF said notes being for the prin-
clpal sum of $700.00 due January LIST, 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
Delng at this time the sum of S1392.93.
Said security deed hereinbefore referred to
contains a stipulation to the effect that If
the said Albert Gibson shall fail to pay any
IN staiment of taxes Que against said proper
ty promptly, then the said Kennesaw State
Bank is authorized at its option to sell said
property for the payment of said taxes and
SAID Indebtedness referred to in said deed
The said Albert Gibson failed and refused TO
pay the instalment of taxes due upon said
property for the year 1921 promptly when
due and failed to pay said taxes at all, and
the said kennesaw State Bank forced
10 pay the same the 4th day of April,
1872, in order to protect said property from
sale by the Sheriff. which said taxes amounted
to the sum of S27.54, which under the term
OF said deed, said Bank holds lien upon
said land security therefor.
F. Under the terms of said deed herinbefore
referred to, the failure of Albert Gibson to
pay said taxes would authorize said KennesaW
State Bank to sell said poperty provided
IN said Geed, even if the Indebtedness referred
to therein was not due, at its option, but as
a matter of fact both of said notes herein
referred to are long past due, and said Ken
nesaw State Bank will sell said property lot
the purpose of applying the proceeds of salc
sale to the payment of said Indebtedness rep
resented by said two notes, together with the
amount of taxes paid by it as already set OUT
together with costs of this proceeding as Is
provided for and stipulated in said security
deed, the balance, if any, to go to the sa.u
Albert Gibson. A conveyance will be MADE 70
the purchaser by the undersigned as PROVIDES
Tor in said deed given to secure said indeDteu-
ness.
This October 10th, 1922.
KENNESAW STATE BANk' 70
Acting as attorney-in-fact TO-
Albert Gibson.