The Lee County journal. (Leesburg, Ga.) 1904-19??, 1923-01-26

siggned, as provided in said power Of
sale in said deed to secure debt, a.
hereinbefore stated.
This the Sth day Of January, 1929.
THE MUTUAL BENEFIT LIFE IN
SURANCE COMPANY.
BY ELLIS, WEBB & ELLIS,
Their Attorneys
Americas, Georgia.
GEoRGIA-Lee County.
WHEREAS; Mrs. Martha l.. Bradley
did on the 21st day Of November, 1919,
execute and deliver to The Federal
Land Bank of Columbia, a corporation
created and existing under the Act of
Congress, certain principal note for
100000 which note was made due on
the Amortization plan of payment and
said payments, including interest be-
ing due in thirty-four annual Install
ments of $4,000 each and a final in
stallment of $491.20, the first install
ment being due and payable on De-
cember list, 1920, and each successive
installment being payable en- the same
date OF each year thereafter until the
entire sums above named were pad,
and it was provided that in case OF
default in the payment Of any Install
ment or installments same should
bear simple interest at rate of s per
cent per annum, and it was further
provided in the said note as follows
"If default be made in the payment
of any installment or installment OF
this note or if default be made in re-
spect to any condition or covenant in
the deed which sucures the payment
hereof, then and in that event the
whole sum of the principal of this note
remaining at that time unpaid, to
gether with the accrued interest shall,
at the option of the holder hereof, be
come due and payable at Cnce, time
being the essence Of this contract,
and
WHEREAS, in order to sucre the
payment of the principal and interest
in said note said Martha l.. Bradley
executed and delivered to said Federal
Land Rank of Columbia as aforesaid
deed to the lands hereinafter rescrib-
ed and ich deed is recorded in the
Office oil he Clerk Of the Superior
Court of said County of Lee, III Deed
Book IL, Page 81 and So, anda
WHEREAS, in the deed there is the
following power Of attorney and power
of sale. at is further covenanted and
agreed that if said party of the first
part shall fail to pay any of the said
installments as they become due and
payable, or to perform all of the condi-
lions and covenants and conditions as
specified in this deed; or if default be
made in the insurance agreement, or
in the payment of said taxes, liens,
judgments or assessments as herein
provided, the whole principal sum of
said note remaining unpaid at that
time together with all accrued interest
and all other sums, including all sums
advanced for taxes, premiums OF in
surance and charges OF any kind shall
at once become due and payable with
out notice, time being of the essence
Of this contract; and it is further
agreed that if the debt hereby Sc
cured shall not be paid when due in
due course, or by reason Of deafult as
above provided, The Federal Land
Bank of Columbia, its successors and
assigns may sell the said property at
auction at the usual place for conduct
ing sales at the Court House in the
County where the land lies, in said
State, to the highest bidder, for cash,
first giving four weeks notice of the
time, terms and place of such sale, by
once a week in news
paper published in said County; all
other notices being waived by party Of
the first part, and the Federal Land
Bank of Columbia, or anyone on behalf
of said Bank, its successors or assigns
may bid and purchase at sal dsale, and
thereupon execute and deliver to the
purchaser at such sale a sufficient
conveyance of said premises in fee sim
pie which conveyance shall contain
recitals as to the happenings of the
default upon which the execution of
the power of sale he. Elm granted de-
ponds and said parties of the first part
hereby constitute and appoint The
Federal Land Bank CT Columbia, its
successors or assigns, the agent and
attorney in fact of said parties of the
first part to make such recitalS and
hereby covenant and agree that the
recitals so to be made by the Federal
Land Bank of Columbia shall be bind
ing and conclusive upon said parties
of the first part, their heirs, executors,
administrators and assigns, and that
the conveyance to be so made by the
Federal Land Bank of Columbia, shall
be effectual to bar all equity of re-
demption of the said parties of the
first part or their successors in inter
est, in and to said premises" and
WHEREAS, said Mrs Martha L.
Bradley has made default in the
payment of the sums due December
LIST, 1920, December list, 1921, and
December list, 1922, and has defaulted
in her agreement to keep insurance as
above set out and pay all taxes be-
coming due, The Federal Land Bank
of Columbia, has under the agreement
and authority above set out declared
the principal sum due and payable,
with interest on said principal amount
from date at the rate of 51a per cent
per annum as per agreement in said
note, now therefore,
Under and by virtue of the premises
and the said power Of sale contained