Allen-High Point Realty Investment Co. Contract, 1925

CONTRACT

O. G. ALLEN & WIFE HARRIETT H. ALLEN

TO

HIGH POINT REALTY INVESTMENT COMPANY.

Filed for registration on the 3 day of Nov 1927 at 10 o'clock AM. and duly recorded in the office of Register of Deeds of Guilford County, N. C., in Book No. 571 Page 319 &c. R.H. Wharton RECORDER OF DEEDS

DAVID H. PARSONS ATTORNEY AND COUNSELLOR AT LAW HIGH POINT, N.C.

Char 75 Rect 50 ord mail D. H. Parsons

THIS CONTRACT Made this the 4th day of February, 1925, by O. G. ALLEN & Wife, HARRIET H. ALLEN of Guilford County and State of North Carolina, parties of the first part, and HIGH POINT REALTY INVESTMENT COMPANY, a corporation of Guilford County and State of North Carolina, party of the second part:

WITNESSETH: That, whereas, the said party of the second part desires to purchase from the parties of the first part, the lands hereinafter mentioned and described, as soon as a certain lease shall expire, now outstanding against said property, granted to L.H. Martin for a gasoline filling station, said lease being a lease for five (5) years and not expiring until the 1 day of April 1930, as will appear in office of Register of Deeds of Guilford County in Book [blank] Page [blank] and, whereas, parties of the first part desire to convey said lands to party of the second part as soon as they shall thus be able to give party of the second part a good and sufficient deed free from said lease; and, whereas, there is a mortgage indebtedness against said lands in the amount of $2500.00 as appears by Book 436, Page 196, in the office of Register of Deeds of Guilford County, the payment of which indebtedness, parties of the first part desire to be relieved from by party of the second part; and, whereas, for and in consideration of ten dollars and other valuable consideration ($10.00) to parties of the first part, paid by party of the second part, the receipt of which is hereby acknowledged, and the further agreement on the part of the party of the second part to assume payment of and to relieve parties of the first part from the payment of said mortgage indebtedness, on the condition that on the expiration of said lease at the time above mentioned, parties of the first part shall make a good and sufficient deed of conveyance to party of the second part for said lands.

[?] NOW, THEREFORE, parties of the first part, for and in consideration of $10.00 and [other?] Naturally paid to them, hereby agree to

execute a good and sufficient deed of conveyance for the lands hereinafter described to party of the second part on the expiration of the aforesaid five year (5yr.) lease, and it is further agreed by the acceptance of this contract on the part of the party of the second part, that parties of the first part are to be released from the payment of said mortgage indebtedness and party of the second part to become the purchaser of said land as hereinabove set out, without the further payment of any amount, where said executed and delivered as aforesaid, at the time above stated, which lands are situate in Guilford County and State of North Carolina, High Point Township and bounded as follows:

Beginning at an iron stob, West side of Markley Avenue, at a point five feet North of South East corner of Lot No. 4 and North East corner lot No. 3 in Block 4 of plat of the Markley property called Melrose, and running thence in a Westernly direction eighty (80) feet to an iron stob; thence in a Northernly direction fifty (50) feet to an iron stob, on South side of English Street; thence in an Easternly direction along the North line of said lot No. 4 and on South side of and with English St. about 78 feet, more or less to an iron stob; thence in a South Easternly direction with turn and corner of said lot No. four (4) fourteen and twenty– one-hundredths (14.20) feet to an iron stob; thence in a Southern direction with Eastern line of said lot No. 4, and along West side of said Markley Ave. forty-three and seventy-five one-hundredths (43.75) feet to the said point of beginning, said lands being a portion of lot No. 4 in Block 4 of the plat of lands known, numbered and platted as Melrose, of the Markley property, as is duly recorded in office of Register of Deeds of Guilford County, Plat Book No. four (4) at Page one hundred twentyeight (128).

That in addition to and passing with the conveyance of the lands above described, grantee, its successors and assigns shall have and use and enjoy an alley-way and right of way for egress and ingress and for air and light and without molestation or interference on the part of grantors, their heirs or assigns or anyone else, in and over a strip or parcel of land adjoining the above described lands immediately on the South side thereof and in width ten (10) feet and extending from West side of said Markley Avenue a depth of 80 ft., same width. Said ten feet embraces part of South side of Lot No. 4, and part North side Lot No. 3, Block 4 of the said Melrose property.

IN WITNESS WHEREOF the parties of the first part hereto have hereunto set their hands and seals the day and year first above written.

O.G. Allen (Seal)

Witness: Daphne Ruth. Harriett H. Allen (Seal)

STATE OF NORTH CAROLINA GUILFORD COUNTY.

I, Daphne Ruth, a Notary Public of said County, do hereby certify that O. G. Allen and wife, Harriet H. Allen, personally appeared before me this day and acknowledged the execution of the foregoing contract to convey, and the said Harriet H. Allen being by me privately examined, separate and apart from her said husband, touching her voluntary execution of the same, doth state that she signed the same freely and voluntarily, without fear or compulsion of her said husband or any other person, and that she doth still voluntarily assent thereto.

Witness my hand and notarial seal, this the 4th day of February, 1925.

Daphne Ruth. Notary Public.

My commission expires: Jan. 5, 1927

NORTH CAROLINA Guilford County The forgoing certificate of Daphne Ruth N.P. of said county is adjuged to be correct. Let said instrument and the certificate be registered. Witness my hand and seal this 3 day of Nov 192

illegible signature C. S. C.