2

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 [encumbrances?] paid to them, hereby agree to