Shipman-High Point Savings & Trust Deed, Sept. 23, 1913

447

Mortgage Deed FROM W. G. Shipman and wife, Hazel Fisher Shipman TO High Point Savings and Trust Company, of High Point, N. C. Mortgagee.

Consideration $500.00 Date 23thd day of Sept. 1913 Due 23thd day of Nov. 1913

Filed for Registration on the 29 day of Sept. 1913, at 8:45 o'clock A.M., and duly recorded in the office of Register of Deeds of Guilford County, N. C., in Book No 251, Page 660 Etc. W. H. Rankin Register of Deeds.

Clerk's Fee [Pd] $.25 Record Fee [Pd] 1.40 [Total] $1.65 Fees paid by [blank]

[stamped: Cancelled of Record W. H. RANKIN Register of Deeds.]

[stamped: Record and return to ED. L. RAGAN, HIGH POINT, N.C.

This Indenture, Made this the 23thd day of September 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 Savings and Trust Company of Guilford County and State of North Carolina, party the second part,

WITNESSSETH, That the said parties of the first part, in consideration of [$500.00] Five Hundred and no/100 Dollars to them 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 heirs a tracts 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 N.C. Known, numbered and designated on the Map - Quacker Church Place - of the Home Investment and Improvement Company;s which Plat or Map is duly recorded in the Office of Register of Deeds, Guilford County, N. C. Plat Book No. 2. Page No. 116 As Lots Nos. 9 and 10 in Block No. 3. Said Lots being located on the North side of Thurston St., facing 100 feet on said St. and extending in a northern direction, the same uniform width 150 feet to an Alley.

Two other Lots - Known, designated and numbered on the Map of the Quacker Church Place - of the Home Investment and Improvements Companys, which said Map is duly recorded in the Register of Deeds Office, Guilford County, N. C. Plat Book No. 2. Page 116, as Lots Nos. 11 and 12, in Block No 3. Said Lots being of the following dimensions - On the North and South line 100 feet - On the East line 140.5 feet and on the West line 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 heirs and 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 [$500.00] Five Hundred and no/100 Dollars, on or before the 23thd day of Nov. 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 wife 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 Insurance Company having an agency in said County of Guilford in the sum of $3000.00, 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 money, bearing interest at six per cent. per annum, and payable when the next installment of interest is due.

But in case of the non-payment of the said sum of [$500.00] Five Hundred and no/10 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 heirs, executors, administrators, 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 execute to the purchaser sufficient deeds therefor, apply the proceeds of such sale to the discharge of said debt and interest rendering 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 seal the day and year first alove written.

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

STATE OF NORTH CAROLINA, Guilford County.

I, W. C. Idol, a Notary Public of said County, do hereby certify that W. G. Shipman and Hazel F. Shipman his wife, grantors, personally appeared before me this day and acknowledged the execution of the foregoing mortgage deed, and the said Hazel F. 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. Let the said mortgage deed and this certificate be registered.

Witness my hand and seal this the 27th day of Sept. 1913. W. C. Idol N.P. [Seal] [stamped: My commission expires March 10, 1915]

STATE OF NORTH CAROLINA, Guilford County. I, [Blank] of said County, do hereby certify that [Blank] grantor, personally apppeared before me this day, and acknowledged the execution of the foregoing mortgage deed. Let the said mortgage deed and this certificate be registered.

Witness my hand and seal, this the [Blank] day of [Blank] 191[Blank] [Blank] J.P. [Seal]

STATE OF NORTH CAROLINA, Guilford County. The foregoing certificate of W. C. Idol Notary Public a Justice of the Peace of said County, is adjudged to be correct. Let the said mortgage deed and the certificates be registered.

Witness my hand this 29 day of Sept. 1913. M. W. Gant C.S.C.

When this mortgage is paid in full, have the mortgagee to sign it, and the note, before a Clerk of the Superior Court or Notary Public, or go mark it "Satisfied" on the Record, or execute a Release Deed.

Satisfied in full, this the 15 day of Nov. 1913. [blank] Mortgagee

Subscribed before me J. Allen Austin

[stamped: HIGH POINT SAVINGS & TRUST CO. By Ed L. Ragan]

[stamped: My Commission Expires March 24, 1914]