Shipman-Grimsley Deed, Nov. 1, 1913

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DEED OF TRUST

W. G. SHIPMAN AND WIFE MRS. HAZEL FISHER SHIPMAN TO GEO. A. GRIMSLEY

TRUSTEE FOR Jefferson Standard Life Insurance Co. [crossed out: Security Life and Annuity Co.]

[in margin: mail Gatewood Ave H.P.]

Deed--consideration $5,000.00. Date First day of November 1913 Filed for registration on the 12 day of Nov. 1913 at 10:00 o'clock A.M., and registered in the office of the Register of Deeds for Guilford County, N. C., this [blank] day of [blank] 191[blank], at [blank] o'clock [blank]M., in Book 242 of Deeds, on page 617 etc.

W.H. Rankin [?]

Clerk['s fee] .25 Record [fee] 2.00 Pd

[crossed out: Security Life and Annuity Company] GREENSBORO, N.C.

[crossed out: Mail to Mr. Johnson c/o Jefferson Standard Life In. Co. Greensboro, N.C.]

[stamped: Cancelled of Record R. H. WHARTON, Register of Deeds}

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DEED OF TRUST

THIS INDENTURE, Made and entered into on this the First day of November A. D. nineteen hundred and thirteen (1913), by and between W. G. Shipman Geo. A. Grimsley, Trustee, party of the second part, and JEFFERSON STANDARD LIFE INSURANCE COMPANY, of Greensboro, N. C., party of the third part, Witnesseth:

THAT WHEREAS, The said parties of the first part are justly indebted to the party of the third part in the sum of FIVE THOUSAND AND NO/100 Dollars, for money loaned, as evidenced by a bond, bearing even date with this deed, payable three years after date, at the office of the party of the third part, in the City of Greensboro, N. C., and bearing interest, payable at the same place, at the rate of six per cent. (6%) per annum, half-yearly, on the first day of May and November in each year;

AND WHEREAS, The said parties of the first part hath agreed to pay all taxes and charges, of every kind and nature, that may be levied or charged on the premises hereinafter described, whether the same be for state, county, or city purposes, as soon after the assessment thereof as the same may due, collectible and payable, and have also agreed to make and deliver unto the party of the third part, its successors and assigns, the receipt of the proper officer for the payment of the same, on or before the first day of May in each and every year, and further have agreed to effect and keep up insurance against loss by fire upon the premises hereinafter described; satisfactory in amount and character to the said party of the third part, and the policy or policies therefor constantly assigned and delivered to the party of the third part for further securing the payment of said bond with power to demand, receive and collect any and all moneys becoming payable thereunder, and apply the same towards the payment of said bond, unless otherwise paid. But in case of default in effecting insurance as aforesaid, or in the payment of premiums thereon, the same may be effected and paid, at its option, by the party of the third part, and such sum or sums as may be so paid, with interest thereon, at the rate of six percent. (6%) per annum, payable semi-annually, shall be deemed principal money, and held to be secured by these presents; provided, also, and it is further expressly agreed that in case of default of said parties of the first part at any time to pay and to keep paid up all taxes, charges, and assessments, as agreed to be done at their own cost and expense, then, and in that event, the party of the third part shall be at liberty, in protection of its security, to pay the same, and add the amount so paid, with interest thereon, at the rate of six per cent. (6%) per annum, payable semi-annually, to the principal of the debt, and the security provided by these presents shall extend to and embrace such additions as fully as provided for the principal debt and insurance premiums aforesaid;

AND WHEREAS, The parties of the first part have agreed to secure the payment of the debt, interest, taxes, and insurance premiums aforesaid, by the conveyance of the land hereinafter described;

NOW, therefore, The parties of the first part, for and in consideration of the debt and trusts hereinbefore mentioned and created, and the sum of $1.00 (One Dollar) to them paid by the said party of the second part, the receipt of which is hereby acknowledged, do grant, bargain, sell, convey, and confirm unto the said party of the second part, trustee, and his heirs, the following described real estate, situate in the County of Guilford, and State of North Carolina, and more particularly bounded and described as follows, to-wit:

Four (4) lots of land in High Point Township, Guilford County, State of North Carolina, known, numbered and designated on the map of the "Quaker Church Place" of The Home Investment & Improvement Company's land which said map is duly recorded in the office of the Register of Deeds of Guilford County, Plat Book No. two (2), page No. 116, as lots:

"Numbers nine (9) and ten (10) in block No. three (3), said lots being located on the North side of Thurston Street, facing 100 feet on said street and extending in a Northern direction the same uniform width 150 feet to an alley";

"Numbers eleven (11) and twelve (12) in block No. three (3), said lots being of the following deminsions: On the North line 100 feet; on the

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South line 100 feet; on the East line 140.50 feet; and on the West line 144.60 feet."

Lots nine (9) and ten (10) were conveyed to the grantors by The Home Investment & Improvement Co. by a deed, recorded in the Office of the Register of Deeds of Guilford County, in Book No. 245, page 161.

Lots eleven (11) and twelve (12) was conveyed to the grantors by the said company, by a deed recorded in said office in Book No. 145, page 160.

TO HAVE AND TO HOLD The same with all privileges and appurtenances thereunto belonging, to the said party of the second part, his heirs and assigns forever;

PROVIDED, NEVERTHELESS, That if the said parties of the first part, their heirs, executors, administrators, or assigns, shall pay or cause to be paid to the said party of the third part the aforesaid debt of FIVE THOUSAND AND NO/100 Dollars, on or before the First day of November nineteen hundred and sixteen (1916), at the place hereinbefore mentioned and appointed for the payment of the same, together with all interest thereon, and all taxes, charges, assessments, and insurance premiums, as hereinbefore expressed and agreed to be done, then, and in that case, as well this indenture, and the estate hereby created, as the recited bond of FIVE THOUSAND AND NO/100 Dollars, shall cease, determine, and become void.

But in the case of the non-payment of the said sum of the said bond of FIVE THOUSAND AND NO/100 Dollars, or any part thereof, with its interest, at the time, place, and rate herein limited, or either, in case property is transferred without the written assent of the third party hereto, or in case of default of the said W. G. Shipman & Mrs. Hazel Fisher Shipman in keeping the property well insured, and the premiums thereon paid, or any part of the taxes, charges, and assessments, as hereinbefore agreed to be done, in all or either of these events, it shall be lawful for the said party of the second part, and upon request of the party of the third part, its successors and assigns, it shall become his duty, and he is hereby so authorized and empowered, to sell and convey the above-described real estate, or any part thereof, at public auction, for cash, to the last and highest bidder, at the courthouse door, in Guilford County, after first advertising the time, place, and terms of sale for thirty days in some newspaper published in the County of Guilford, and on such sale to execute and deliver to the purchaser or purchasers sufficient and proper deed or deeds therefor, in fee, and out of the proceeds first retain and pay all costs and charges incident to and attendant upon the execution of, registration, and sale under this Deed of Trust, and then retain the principal and interest of said debt in the sum of FIVE THOUSAND AND NO/100 Dollars, or as much thereof as may be then owing, and retain the same fees for making sale hereunder allowed commissioners for the sale of land in partition, as provided in Section 2792 of the Revisal of 1905, together with all premiums for insurance, and all taxes, charges, and assessments, which said party of the third part may have had to pay, with interest on the same, as herein provided, and the surplus, if any, to be turned over to the said parties of the first part, their heirs, executors, administrators, or assigns.

And the said parties of the first apart covenant to and with the said parties of the second and third parts, that they are seized of said premises in fee, and have the right to convey the same in fee simple, and that the same are free and clear from all encumbrances, and they will forever warrant and defend title to the same against the claims of all persons whatsoever.

IN TESTIMONY WHEREOF, The parties of the first part have hereunto set their hands and seals, all on the day and year first above written.

W. G. Shipman [SEAL] Hazel F. Shipman [SEAL]

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STATE OF NORTH CAROLINA, [blank] County.

I, [blank], Clerk of the [blank] Court, do hereby certify that [blank] and [blank] his wife, grantors, personally appeared before me this day and acknowledged the due execution of the annexed deed of trust, and the said [blank] 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.

Let the said deed, with this certificate, be registered.

Witness my hand and official seal, this [blank] day of [blank] A.D. 19[blank] [blank] Clerk of [blank] Court

STATE OF NORTH CAROLINA, GUILFORD County.

I, J. ALLEN AUSTIN do hereby certify that W. G. SHIPMAN and MRS. HAZEL FISHER SHIPMAN, his wife, grantors, personally appeared before me this day and acknowledged the due execution of the annexed deed of trust; and the said MRS. HAZEL FISHER SHIPMAN 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 OFICIAL seal this First day of Novemeber, A.D. 1913. J. Allen Austin [SEAL]

[stamped: My Commission Expires March 24, 1914]

STATE OF NORTH CAROLINA, Guilford County.

The foregoing certificate of J. Allen Austin Notary Public of Guilford County County, is adjudged to be in due form and according to law. Therefore, let the said deed of trust, with this certificate, be registered.

This 12 day of Nov. 1913. [? Gans] Clerk Superior Court.

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The Note for which this Security Deed, or Deed of Trust, was given, has been satisfied in full, and the Clerk or the Register of Deeds of Guilford County, State of NC, is hereby authorized to cancel record of same.

JEFFERSON STANDARD LIFE INS. CO. BY L. [?] Johnson Asst. Treasurer

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