3

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 Mel-
rose, 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 twenty-
eight (128).

That in addition to and passing with the conveyance
of the lands above described, grantee, its suc-
cessors 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.