2

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 here-
by 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 ex-
pended 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, adminis-
trators, 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 regis-
tration 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]