The Covington leader. (Covington, Tenn.) 18??-current, 1922-10-26

parcel IF land, and now occupied by
the way lands Of the Illinois Central
Railroad Company
Together with al and singular the
hereditaments and appartenanees
+ thereunto belonging or in any wise
t appertaining to said parcels.
Together with all the right, title
and interest Of the Upton COTTON
+ MILLS, INC, Of, IN and to any and
all streets, ways, alleys, lanes, high
ways or crossings, creeks, streams or
water courses adjoining, abutting or
appurtenant to the above described
premises; also accounts receivable,
! chooses in action, etc, together with
automobiles, insurance policies, all
work in process in said mill, raw cot
ton, manufacturing supplies, machin-
cry supplies, repair parts, dyes and
chemicals, office supplies and office
/ furniture, the entire stock Of goods
in the commissary operated in con-
nection with said cotton mill, good
will, and all property of any nature,
kind or description, and wherever
located, excepting cash in the hands
Of said receiver, but including also
all merchandise and stock in trade
and the rents, issue and profits there
Of.
6. All machinery, tools, fixtures,
equipment, and furniture located on
said described real estate.
z. All easements, buildings, plants,
privileges, rights, franchises and
works appprtenant to said lands and
premises.
TERMS-Said property will be sold
on a credit Of six months to the high
est and best bidder at public auction,
as aforesaid, and the purchaser will
be required to execute a note for the
purchase money, drawing interest
from the date Of sale at the rate OF
6 per cent. per annum, with one or
more solvent sureties thereon, and
will be subject to confirmation by the
Court; and
Said sale will be made subject to
the Indebtedness now outstanding Sc
cured by certain trust deed execut-
ed by the Upton Cotton Mills, Inc.
formerly O-Cedar Mills Company,
Of date March list, 1920, to the Fort
Dearborn Trust & Savings Bank and
James S. Mcclellan, Trustees, where
by the properties therein described
were conveyed to said trustees to se-
cure the issue Of first mortgage Z
per cent. gold bonds of said 0-Cedar
Mills Company, Of even date there
with, therein described, and of which
secured Indebtedness there is now
outstanding and unpaid, the follow
ing bonds:
Nos. D. 40 to D ", inclusive, de-
nominations, $500; principal amount,
$4,000, maturities, March /, 1928.
Nos. M 81 to M IA, inclusive, de-
nominations, $1,000; principal amount,
$48, 900; maturities, March l, 1923.
Nos. D 73 to D SO, inclusive, de-
nominations, $500; principal amount,
S12,0O0;. maturities, March l, 1924.
Nos. M 145 to M 1872, inclusive,
denominations, $1,000; principal
amount, $4,000; maturities, March i,
1924.
Nos. D or to D 100, inclusive, de-
nominations, $500; principal amount,
$4,000: maturities, March /, 1925.
Nos. NJ 1913 to M 240, inclusive, de-
nominations, $1,000; principal amount,
S48,000; maturities, March /, 1925;
total, $180,000
Which have attached thereto inter-
est coupons maturing March /, 1928,
and subsequently, which said out
standing bonds and coupons consti-
tute a first and prior lien on all of
the property described in said mort
gage deed Of trust, and said sale, and
the title of the purchaser Hereunder.
will be subject to said unpaid and
outstanding indebtedness secured by
said deed of trust, aggregating in
principal amount One Hundred and
Eighty Thousand ($180,000.00) Dol
lars as aforesaid and subject to the
lien and all Of the rights under said
trust deed, which will not be in any
way affected thereby; and said deed
Of trust being Of record in the office
Of the Register Of Upton County.
Tennessee, in Book 1876, Page 70; and
Said sale will also be made subject
to Junior or second lien Indebtedness
in the sum Of Sixty-three Hundred
($6,300) Dollars, together with inter-
est from September /, 1922, for which
indebtedness the Channel Chemical
Company was adjudged, under said
decree, to have lien on the property
described in the above mentioned deed
of trust co-extensive Herewith, but
subordinate to the lien securing the
S180,000.00 Of bonds and interest
coupons thereto attached, above mem
toned: and said decree further adj
Judged that said sale should be made
subject to said junior or second lien
Indebtedness Of $6,300,00 and interest
from September /, 1922, to be paid by
the purchaser, however, concurrently
with the payment Of his purchase
money note, maturing and payable as
hereinbefOre provided; and
A lien on the property covered by
said mortgage deed of trust will be
retained as further security for the
payment Of said purchase money; and
Said sale will be free and in bar of
all rights and equities of redemption
or re-purchase and free and clear Of
any right, title, interest@or lien of
every kind and character, subject only
to the liens above mentioned: and the
rights and liens of all of the parties
to said cause shall be by such
sale forever foreclosed and barred,
with the exception only of said Fort
Dearborn Trust 6 Savings Bank and