The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-12-07

door of said County of Cobb. during the legal
hours Of sale, on January End, 1923, to 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 (40)
acres, more less. and being tn noSthwest
corner of land lot No. l64 in said District
and Section, above mentioned, and bounded
as follows North, by land of j. ]. Green !;
east by land of j. H. Owens south by land
of j. H. Owens, and on the west by land of
b. H. Carrie; this being the sameland decided
from B.. v. Green to Marian Green on Nov
ember 29th, 1909, and recorded in Deed Book
IN. W., folio 2SI, November 18th, 1908.
Said above described tract of land was con-
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 tive certain pro-
mssory notes dated on January 18th, 1921,
one being for the principal sum of S503.56,
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 pfinci-
pal 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 $1S92.93.
Said security deed hereinbefore referred to
contains a stipulation TO the effect that il
the said Albert Gibson shall fail to pay any
instaliment of taxes due against said property
then the said Kennesaw State Bank
is authorized at its option to sell said pro-
perry for the payment of said taxes and said
indebtedness referred to ia said deed. The
said Albert Gibson failed and refused to pay
the instalfment of taxes due upon eaid pro-
perty 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 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
as security therefor.
Under the terms of said deed hereinbefore
referred to, the failure of Albert Gibson to
pay said taxes would authorize said Kennesaw
State Bank 70 sell said property as provided
in said deed, even if the indebtedness referred
to therein was not due, at its option. burt 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 said
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
to the purchaser by the undersigned as pro-
vided for in said deed given to secure said JIM
debtedness.
This December 5th, 1922.
KENNESAW STATE BANK,
Acting as attorney-in-fact for Albert Gibson.