Allen-Davis Deed, 1923

Park & Wise

Mortgage Deed FROM O. G. Allen & Wife TO Roxana Davis Mortgagee.

Consideration $1500.00 Date 1 day of June 1923 Due 1 day of June 1925

Filed for registration on the 26 day of June 1923 at 2 o'clock P.M., and duly recorded in the office of Register of Deeds of Guilford County, N. C., in Book No. 424 Page 181 etc. R. H. Wharton Register of Deeds.

Clerk's Fee [Paid] $.25 Record Fee [Paid] $1.40 [Total] $1.65

Fees paid by [blank]

Mail to D. H. Parsons H.P. N.C.

This Indenture Made this the 1st day of June 1923, by O. G. Allen and Harriett H. Allen his wife of Guilford County and State of North Carolina, parties of the first part, to Roxana Davis of Guilford County and State of North Carolina, party of the second part,

WITNESSETH, That the said parties of the first part, in consideration of ($1500.00) Fifteen hundred & 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 her heirs a tract or parcel of land, in the County of Guilford and State of North Carolina, in High Point Township, adjoining the lands of High Point Development Company lands, and others, and bounded as follows, viz: BEING Lot No. Sixteen (16) in section Seven (7) of the property of the High Point Development Company, a map or plat of which is duly registered in office of register of deeds of Guilford County, plat Book No. 53 at page 56i. &c. to which reference is hereby had. Also see Book 276 page 243; Book 379 page 99 &c. in office of register of deeds of Guilford County. Said lands have four room dwelling and other improvements thereon.

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 her 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 of the full sum of ($1500.00) Fifteen hundred & NO/100 Dollars on or above the 1st day of June 1925, with interest thereon, payable Qr. 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 O. G. Allen and wife aforesaid, 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 $3/4 value, 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 ($1500.00) Fifteen hundred & 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 her 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 auction 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 seals the day and year first above written

O. G. Allen [Seal] Harriet H. Allen [Seal]

STATE OF NORTH CAROLINA, GUILFORD COUNTY.

I, D. H. Parsons. a notary public of said County, do hereby certify that O. G. Allen and Harriet H. Allen his wife, grantors, personally appeared before me this day and acknowledged the execution of the foregoing mortgage deed, and the said Harriet H. Allen 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 21 day of June 1923. D. H. Parsons, N. P. (Seal) Comm. expires May 10 1924.

STATE OF NORTH CAROLINA, GUILFORD COUNTY.

I, [blank] of said County, do hereby certify that [blank] grantor, personally appeared 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] 192[blank] [blank] J. P. (Seal)

STATE OF NORTH CAROLINA, GUILFORD COUNTY.

The foregoing certificate of D. H. Parsons a N. P. of said County, is adjudged to be correct. Let the said mortgage deed and the certificates be registered.

Witness my hand this the 26 day of June 1923. Eugene G. Shaw Deputy 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 [blank] day of [blank] 192[blank]. [blank] Mortgagee

Subscribed to before me [blank]