The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-12-28

door of said County of Cobb. during the legal
hours Of sale. ON January End. 1913. t. the
highest bidder for cash, the following des-
cribed property, to-wit:
All that tract of land lying and being in
the goth District and End Section of Cobb
County, Georgia, and containing forty (f0)
acres, more or less. and being tn northwest
corner of land lot No. I64 in said DistI:ct
and Section, above mentioned. and bounced
as follows: North, by hand OF j. j. Green !:
east by land of ]. H. Owens south by land
of J: +. Owens. and on the west by land of
B. H. Carrie; this being the sagaeland deeled
from B. V. Green TO Marian Green on Nov
ember 2eth, 1909. and recorded in Deed Book
IN. W., folio 2Sl, November 29tk. 1909.
Said above described tract of land was CON-
veyed to said kennesaw State Bank on the
18th day of January, 1921, for the purIose
of securing a certain Indebtedness doe laid
Bank By said Albert Gibson, which indebt-
edness was represented by two certain bro
missory notes dated on January 18th, 1921 /,
one being for the principal sum of $69s.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 prlnci-
pal sum of $4,000, due January LIST, 1922,
with interest at the rate of eight per tent.
from maturity. with all costs of collection,
the total amount due upon said two totes
being at this time the sum of $1392.9S.
Said security deed hereinbefore referred to
contains q stipulation to the effect thtt il
the said Albert Gibson shall fail TO pay any
installment of taxes due against said property
promptly, then the said kenneSaw state Bank
is authorized at its option to sell said pro-
perty for the payment of said taxes and said
indebtedness referred to in said deed. The
said Albert Gibson failed and refused ID pay
the installment of taxes due upon said pro-
perty for the year 1921 promptly whel due
and failed to pay said taxes at all. and the
said Kennesaw State Bank was forced 70 pay
the same on the 4th day of April, 1922, in
order to protect said property from sale by
the Sheriff, which said taxes amounted to the
sum of $27.54 which under the term If said
deed, said Bank holds lien upon san land
las security therefor.
Under the terms of said deed hereilbefore
referred to, the failure of Albert Gilhon to
pay said taxes would authorize said kehnesaw
State Bank to sell said property as eSovided
in said deed even if the indebtedness eferred
to therein was not due, at its option, but
a matter of fact both of said notes herein
referred to are long past due, and sad Ken
nesaw State Bank will sell said propf$y for
the purpose of applying the proceeds | said
sale to the payment of said indebtedn rep
resented by said two notes, together \ tn the
amount of taxes paid by it as alreadykkt out,
together with costs of this proceeding as is
provided for and stipulated in said Security
deed, the balance, if any, to go to We said
Albert Gibson. A conveyance will le made
to the purchaser by the undersignedlas pro-
vided for in said deed given to secure said in
debtedness.
This December 5th, 1922.
| KENNBSAW STATE BARK,
Acting as attorney-in-fact for ALDER Gibson.