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


.GEORclA-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, corporation
created and existing under the Act oil
Congress, a certain principal note for
SIS 100000 which note was made due on
the Amortization plan Of payment anc
said payments, including interest be
ing due in thirty-four annual Install
mcnts of $4,000, each and a final in
stallment of $49120, the first Install
imcnt being due and payable on De-
cember 1st, 1920, aud each successive
iinstallmert being payable on the same
date of each year thereafter until the
entire sums above named were paid,
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 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 CT installment of
this note or if default be made in re-
SDGCL 10 any COilulblOn VI covenant III
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 CT 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 a
deed to the lands hereinafter Tescrib-
ed and which deed is recorded in the
Office of the Clerk of the Superior
Court CT said County of Lee, in Deed
Book IL" Page 81 and So, and
/ WHEREAS, in the deed there is the
j following power of attorney ard 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
instruments as they become due and
payable, or to perform ali of the condi-
lions and covenants and conditions as
specified in this Decd or ii default be
made in the insurance agreement, or
in the payment OF aid 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 end payable with
out notice, time being Of the essence
Iof 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
advertisement once q week in a news
paper published in said County; all
lother 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 i'll fee sim
pie, which conveyance shall contain
recitals IS to the happenings of the
default upon which the execution of
the power of sale herein granted de-
ponds and said parties of the first part
hereby constitute and appoint The
Federal Land Bank of Columbia, it's
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, shah |
demption of the said parties of the
first part or their successors in inter
est III 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 1st, 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
Irom date at the rate of So 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
in the deed as aforesaid, will be sold
before the Court House door in the
County Of Lee, said State, in Leesburg,
Georgia, on the first Tuesday in Feb
ruary, 1923, between the legal hours O.
sale, to the highest and best bidder for
cash the following described property.
to-wit:
All that certain piece, parcel or tract
Of land containing 1914 acres, more
Or less situate, lying and being in the
1888 Georgia Militia District, and il
he 14th Land District of Lees County
Georgia, on the Burk's Ferry Public
Road, about 10 miles northeast of the
Town of Leesburg being made up of