Reid Mortgage Deed, May 25, 1912

HIGH POINT, N.C. May, 25th 1912 I, John Reed promise to pay to First Series THE PIEDMONT BUILDING AND LOAN ASSOCIATION, OF HIGH POINT, N.C., the sum of ($500.00) Five Hundred Dollars for money loaned, with interest at the rate of six per cent. per annum, payable monthly, which amount is secured by Mortgage of even date herewith, and upon default in the performance of any of the conditions expressed in said mortgage, or in the Constitution and By-Laws of the Association, this bond is to become due immediately, and the Association may, at once, exercise the powers conferred in said mortgage.

Witness my hand and seal.

John Reid [SEAL] Flossie Reid [SEAL]

Witness: H. L. Austin

For value received, I hereby assign to First Series of the Piedmont Building and Loan Association, of High Point, N. C., Five shares of stock therein as collateral security for a loan of $500.00 and upon default in repayment of said loan, interest and cost thereon, at maturity, or at the time of its falling due, in case the said bond should come due by failing to perform the conditions therein expressed, do hereby authorize the said Association, by its Secretary and Treasurer, to sell said stock at private or public sale at discretion, without advertisement or notice.

Witness my hand this 25 day of May 1912 John Reid

Witness: H.L. Austin

Satisfied in full this Jan. 15, 1913 PIEDMONT BUILDING & LOAN ASSOCIATION By W. C. Idol [?]

Witness B. S. Cummings