The Lee County journal. (Leesburg, Ga.) 1904-19??, 1923-01-12

or be summarily dispossessed accord
ing to the provisions Of law appli
caDle to tenants holding over.
,5aid property will be sold and deed
made TO the purchaser by the under
siggned, as provided in said power o.
sale in said deed to secure debt, as
hereinbefore stated.
This the Sth day of January, 1922.
THE MUTUAL BENEFIT LIFE IN
SURANCE COMPANY.
BY ELLIS, WEBB & ELLIS,
Their Attorneys
Americas, &c rga
GEORGIA-Lee County.
WHEREAS; Mrs. Martha l.. Bradley
did on the 21st day of November, 1913,
execute and deliver to The Federal
Land Bank of Columbia, corporation
created and existing under the ACT OF
Congress, a certain principal note Ior|
So, 10000 which note was made due on
the Amortization plan Of payment ana
said payments, including interest BE-
ing due in thirty-four annual INSTALL
ments of $4,000, each and final in
stallment OF $49120, the first install
jment being due and payable on De-
cember 1st, 1920, and 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.
"Tf default be made in the payment
of any installment CT 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 once, 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 Bank of Columbia as aforesaid
deed to the lands hereinafter rescrib-
ed and which deed is recorded in the
Office of the Clerk of the Superior
Court of said County of Lee, in Deed
Book IL, Page 81 and So, and
WHEREAS, in the deed there is the
following power of attorney and power
re 10 10 od on6
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 end conditions as
specified in this deed; or if default be
made in the insurance agreement, or
in tAe 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
lat once become due and payable with
Iout 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
advertisement once a week in a 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 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 herein granted de- |
ponds and said parties Of the first part |
hereby constitute and appoint The |
Federal Land Bank of Columbia, its |
SuSNCSSOio VI cloolSiSs luC agent dLu
attorney i'll fact of said parties of the
first part to make such recitals and |
hereby covenant and agree that the
reeitals 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 e fectual 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 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
from date at the rate of 51s per cent
per annum as per agreement in said
note, now therefore,
Under and by virtue of the premises
and the said power Ct sale contained
in the deed as aforesaid, will be sold