The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-10-26

State of Georgia, Cobb County.
] Under and by virtue of a power of sale
contained in certain deed to secure debt
executed by Albert Gibson to Kennesaw State
Bank on the lst day of February 1921. and re-
corded In the office of the Clerk of the Super
Tor Court of Cobb County, Ca, in Deed Book
of, page 5lO, the undersigned will sel,e 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 (4Ol
acres more or less, and being the Northwest
corner of land lot No. 164 in said District
ana 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 ). T. Owens, and on the West by land of
/ b. II. Carrie. This being the same land decided
from b. " Green to Marian Green on Now
ember 18th, 1909, and recorded in Deed Book
IN W., folio PSI, November 29th. 1903,
! said above described tract of land was con-
veyed to said Kennesaw State Bank on the
IEtn 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-
4 mlssory 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 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
being at this time the sum of 1882 SO.
SAID security deed hereinbefore referred to
contains stipulation to the effect that If
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 said
property for the payment of said taxes and
SAID Indebtedness referred to in said deed.
Inc said Albert Gibson failed and refused to
pay the installment 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 was forced
to pay the same on 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 $27.54, which under the term
of said deed, said Bank holds a lien upon
said land as security therefor.
Under the terms of said deed herinbefore
referred TO, the failure of Albert Gibson to
pay said taxes would authorize said Kenpesaw
State Bank to sell said poperty as provided
IN said deed, even if the indebtedness referred
10 therein was not due, at its option, but as
matter Of fact both of said notes herein
referred to are long past due, and said Ken
nesaw State Bank will sell said property for
the purpose of applying the proceeds of sai6
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 SAID
ALBERT Gibson. A conveyance will be made 10
the purchaser by the undersigned provided
for in said deed given to secure said indebted
ness.
This October 10th, 1922.
KENNESAW STATE BANK,
Acting as attorney-n-fact for
Albert Gibson.