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Mortgage Deed FROM A. H. Idol & Wife TO J. H.Hedgecock Mortgagee.
Consideration $2000 Date 1st day of April 1913 Due 1st day of April 1918
Filed for Registration on the 26 day of April 1913 at 10:30 o'clock A.M., and duly recorded in the office of Register of Deeds of Guilford County, N. C., in Book No. 247 Page 404 Etc. W. H. Rankin Register of Deeds.
Clerk's Fee $.25 Record Fee 1.40 [Total] $1.65 Fees paid by Pd
Mail High Pt Route 2 with [I?] deed & chattel
[stamped: Cancelled of Record R. H. WHARTON, Register of Deeds]
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This Indenture, Made this the 1st day of April 1913 by A. H. Idol and S. L. Idol his wife of Guilford County and State of North Carolina, parties of the first part, to J. H. Hedgecock of Guilford County and State of North Carolina, party the second part,
WITNESSETH, That the said parties of the first part, in consideration of ($2000.00) Two Thousand Dollars to them paid by the said party of the second part, the receipt of which is hereby acknowledged, has have bargained and sold, and by these presents do bargain, sell, and convey unto the said party of the second part and his 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 N. E. Welborn and others, and bounded as follows, viz:
Beginning [at] a stake in the North East corner on old plank road thence west with New Street 150 ft to a stake thence south 50 ft to a stake thence east 150 ft to a stake old plank road thence northerly with old road 50 ft to the beginning 7500 ft more or less
Second lot adjoining J. H. Hedgecock & others Beginning a stone Flora J. Cooks corner thence East 278 ft to a stone thence north 180 ft to a stone thence west 202 ft to a stone thence south 185 ft to the beginning one acre more or less
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 his 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 ($2000.00) Two Thousand Dollars, on or before the 1st day of April 1918, with interest thereon, pavable annually at the rate of 6 per cent. per annum till paid according to the terms of note or certain bond bearing even date herewith, executed by the said A. H. Idol and S. L. Idol then these presents and the said bond shall determine and be void.
It is understood and agreed, That the Mortgagors shall keep the building on said premises insured in some reliable Insurance 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 6 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 expected shall be deemed principal money, bearing interest at 6 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 ($2000.00) Two Thousand 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, his 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 seals the day and year first above written.
A. H. Idol (Seal) S. L. Idol (Seal)
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STATE OF NORTH CAROLINA, Guilford County.
I, N. W. Beeson J. P. of said County, do hereby certify that A. H. Idol and S. L. Idol, his wife, grantors, personally appeared before me this day and acknowledged the execution of the foregoing mortgage deed, and the said S. L. Idol 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 1st day of April 1913 N. W. Beeson J. P. (Seal)
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] 19[blank] [blank] J. P. (Seal)
STATE OF NORTH CAROLINA, Guilford County.
The foregoing certificate of N. W. Beeson 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 26th day of April 1913 R. H. Wharton Deputy C. S. C.
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When this mortgage is paid in full, have the mortagee 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 24th day of Jan. 1921 J. H. Hedgecock Mortagee.
Subscribed before me [blank]