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This Indenture, Made this the SIXTEENTH day of JUNE 1913
by W. G. SHIPMAN and HAZEL FISHER SHIPMAN
his wife
of Guilford County and State of North Carolina, parties of the first part,
to HIGH POINT SAVING & TRUST CO of Guilford County and
State of North Carolina, party the second part,

WITNESSETH, That the said parties of the first part, in consideration of [$1,500.00]
FIFTEEN HUNDRED AND NO/100 Dollars to it
paid by the said party of the second part, the receipt of which is hereby acknowledged, have bargained and sold, and by
these presents do bargain, sell, and convey unto the said party of the second part and its succesors and assigns a tract or parcel
of land, in the County of Guilford and State of North Carolina, in HIGH POINT Township,
adjoining the lands of W. C. Jones
and others, and bounded as follows, viz: Two lots of land in High Point Township, Guilford
County, State of North Carolina, known, numbered and designated on the map
"QUAKER CHURCH PLACE" of The Home Investment and Improvement Company's, which
said map is duly recorded in the office of the Register of Deeds of Guilford
Cunty. Plat Book No. two (2). page No. 116 as lots nubers nine (9) and ten (10)
in block nuber three (3), said lots being located on the North side of Thurston
Street, facing one hundred (100) feet on said street and extending in a northern
direction, the same uniform width, one hundred and fifty (150) feet to an alley.

Two lots of land in High Point Township, Guilford
County, State of North Carolina, known, numbered and designed on the map of
"QUAKER CHURCH PLACE" of The Home Investment and Improvement Company's, 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 nubers nine (9) and ten (10)
in block nuber three (3), said lots being located on the North side of Thurston
Street, facing one hundred (100) feet on said street and extending in a northern
direction, the same uniform width, one hundred and fifty (150) feet to an alley.

Two lots of land in High Point Township, Guilford
County, State of North Carolina, known, numbered and designated on the map of
"QUAKER CHURCH PLACE" of The Home Investment and Improvement Company's, which
said map is duly recorded in the office of the Register of Deeds of Guilford
County, Plat Book No. two (2), page 116 as lots nubers eleven (11) and
twelve (12) in block nuber three (3), said lots being of the following
deminsions: On the north line one hundred (100) feet; on the South line one
hundred (100) feet; on the East line one hundred forty and a half (140.5) feet;
on the West line one hundred forty-four and six tents (144.6) feet.

To have and to hold the aforesaid tract or parcel of land and all privileges and appurtenances thereunto belonging to the
said party of the second part and its assigns forever; Provided always, and these presents are upon the
express condition that if the said parties of the first part pay, or cause to be paid, to the said party of the second
part the full sum of [$1,500.00] FIFTEEN HUNDRED AND NO/100 Dollars,
on or before the SIXTEENTH day of OCTOBER 1913, with interest thereon, payable annually
at the rate of six per cent. per annum till paid according to the terms of a certain bond
bearing even date herewith, executed by the said W. G. SHIPMAN and HAZEL FISHER SHIPMAN
then these presents and the said bond shall determine and be void.

It is understood and agreed, That the Mortgagors shall keep the buildings on said premises insured in some reliable In-
surance Company having an agency in said County of Guilford in the sum of $[blank], and if any loss should
occur the same shall be payable to the mortgagee, his heirs or assigns, to be applied to the satisfaction of this mortgage; and
if the mortgagor shall fail to insure said buildings for two hours, the mortgagee shall be at liberty to effect such insurance,
and the amount so expended shall be deemed principal money, bearing interest at six per cent. per annum, and
be payable when the next installment of interest is due.

It is further understood and agreed, That the mortgagors shall pay all taxes within the time prescribed by law, and in
case the mortgagee shall have said taxes to pay the amount so expended shall be deemed principal

But in case of the non-payment of the said sum [$ 1,500.00] FIFTEEN HUNDRED AND NO/100
Dollars, or any part thereof, together with its interest at the time above
limited, then in such case it shall be lawful for the said party of the second part, its executors, adminis-
trators, or assigns, and they are hereby so empowered to sell and convey the above-described premises, or any part thereof,
at public aution to the highest bidder, for cash, after advertising the same for thirty days at least, and on such sale to exe-
cute to the purchaser sufficient deeds therefor, apply the proceeds of such sale to the discharge of said debt and interest ren-
dering the overplus monies, if any, to the said party of the first part, or legal representatives, after deducting the cost of such
sale and registration of this deed.

In witness whereof, The said parties of the first part have hereunto set their hands and seals
the day and year first above written.

W. G. Shipman [Seal]
Hazel Fisher Shipman [Seal]

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