The Lee County journal. (Leesburg, Ga.) 1904-19??, 1923-01-26
SALE OF VALUABLE PROPERTY
GEORGIA. LEE COUNTY.


surance Company on February 14th,
1913, hereinafter more particularly
referred TO and described, the under
signed will sell at public cutlery at
the courthouse door in said County
Of Lee during the legal hours Of sale
TO the highest and best bidder for
cash on the first Tuesday in Febru-
airy, 1923, the following described
property, to-wit: ....~.-. ~.~.
"The whole of land lot number two
hundred and twentyfour 1924 in the
seventeenth Nth District of Lee
County, Georgia, containing two
hundred and two and one-half )202h
acres, more or less .... .-.
For the purpose Of paying a GER
tain promissory note for the sum Of
Twenty-Five Hundred )$250000) Dol
lars, executed and delivered by the
said Charles b. Bond to the said The
Mutual Benefit Life Insurance Com
pany on the 18th day Of February,
1918 and due on the 1st day of De-
cember, 1922, STIMULATING for interest
from the date of said note at the
rate of five and one-half per cent,
per annum, payable annually, and ten
per cent. attorneys fees, the interest
on said note being evidenced by five
interest coupons of the same date,
one of said interest notes to become
due and payable on the first day OF
December of the years, 1918, 1919,
1920, 1921 and 1922 respectively;
said principal note and said interest
notes to bear interest from maturity
of each at the rate of eight per cent.
per annul until paid. Said principal
ofTwenty-five Hundred )$250O.OO)
Dollars become due on December the
first, 1922 and remains unpaid and a
balance of $68.75 which became due
on the interest coupon on December
LIST, 1922 remains unpaid, and the
said Charles b. Bond fails and refus-
es to pay the same on demand. Said
deed to secure debt made by the said
Charles b. Bond to the said The
Mutual Benevt Life Insurance COM
pany hereinbefore mentioned being
recorded in the Office of the Clerk of
the Superior Court of Lee county,
Georgia, in deed book X, page "a on
February 10Th 1918, and the recitals,
rights and powers stipulated in said
deed including the power of sale,
etc, being as follows
The said party of the first part
further covenant and agree, that in
case of default in payment of the
debt above mentioned when due, or
in case of default in any of the con-
ditions mentioned in the said bond
for re-conveyance, the said party of
the second part may enter upon said
premises and collect the rents and
profits thereof, and may sell the snld
property, including the right, title
and interest therein of the party of
the first part, his heirs and assigns,
at auction at the courthouse door in
the county in which said land lies,
and if it lies in more than one coun-
ty, then lat the courthouse door of
either county in which any part of
said and lies, to the highest bidder
for cash, first giving four weeks
notice of the time, terms and place
OF sale by advertising once a week
in newspaper published in the coun-
ty where the said land lies, and if
said land lies in more than one county
then in newspaper published in
each county in which any part Of the
land lies; all other notice being here
by waived by the said party of the
first part; and thereupon may exc
cute and deliver to the purchaser at
said sale a sufficient conveyance of
said premises in fee simple, which
said conveyance shall conveyance
shall contain a recital as to the hap
pening, or default upon which the
execution of the power to sell herein
granted depends. And the said party
of the first part hereby constitute
and appoint said party of the second
part his agent or attorney in fact,
to make such recital, and hereby
covenant and agree that the recital
so to be made by said party of the
second part shall be binding and
conclusive upon his heirs, executors,
administrators and assigns. And the
conveyance to be made by saidparty
of the second part, shall be effectual
to bar an equity of redemption of
said party of the first part, his sue
cessors in interest, in and to said
premises. The said party of the Sc
cond part shall collect the proceeds
of said sale, and have reserved there
from the entire amount of principal
and interest due, together with the
amount of taxes, assessments, pre-
miums of Insurance and attorneys
fees Heretofore paid by the said
party of the second part with eight
per cent. interest per annum from
the date of payment, together with
all cost and expense of sale and ten
per cent. upon the aggregate amount
due for compensation to the attor-
neys representing said party of the
second part, and sHail pay over any
surplus to the party of the first part,
his heirs or assigns, And said party
of the second part, it successors or
assigns, may purchase at said sale,
and execute nd deliver to itself con-
veyance as herein provided as though
it were stranger to this instrument.
And the said party of the first.
part further covenant and agree that
the powers of attorney hereinbefore
and after stipulated, together with
all the powers of this instrument set
out and delegated to the said party
If tho Spcond nort NAV ha accionad