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TO HAVE AND TO HOLD the said premises, together with all the privileges and appurtenances thereto belonging or
in any wise incident or appertaining, to the said V. A. J. IDOL, his successors and assigns, in trust for the uses and
purposes hereinafter limited, described and declared. And the said Chester A. White
covenants with the said V. A. J. IDOL that he is seized of said premises in fee, and has a
right to convey the same in fee simple; that the same are free from all encumbrances, and that he
will warrant and defend the said title to the same against the claims of any and all persons whomsoever.

PROVIDED, NEVERTHELESS, and on this express condition, that if the said Chester A. White
and wife, Stella White, their
heirs or legal representatives, shall, on or before the first day of each month from and after the date of these presents,
pay or cause to be paid to the said HIGH POINT PERPETUAL BUILDING AND LOAN ASSOCIATION the monthly interest upon
Thirteen Hundred Dollars,
at the rate of six per centum per annum, evidenced by a bond bearing even date herewith, and the regular monthly installments
of one dollar per share per month, until it shall be ascertained that the value of each share of stock in the
30th Series of the said Association shall have reached the par value of One Hundred Dollars, and
shall then repay the said Association the sum of Thirteen Hundred Dollars,
and pay all taxes when due, and shall in all respects comply with the Constitution and By-laws of said Association, as
they now exist or hereafter may be amended; and, PROVIDED, FURTHER, that the said Chester A. White
and wife, Stella White,
in accordance with the said Constitution and By-laws, shall keep all buildings on said premises insured for a sum not
less than Thirteen Hundred Dollars,
the policy of insurance to be made payable to and held by the said Association, [blank],
then this deed shall be void.

But if the said Chester A. White and wife, Stella White,
shall make default in the payment of said monthly interest or monthly installments as aforesaid, or shall fail or refuse
to keep the buildings on said premises insured as aforesaid, or shall make default in any of the aforesaid stipulations
for the space of three months, or shall cease to be a member of said Association, or shall fail to pay all taxes assessed
on the land hereby conveyed within sixty days after said taxes are payable, or in case said Association shall have paid
any sum due for taxes or insurance on said property, or to remove any prior lien or encumbrance, or shall fail or refuse
to pay the said Association on demand the sum so paid by it, [blank]
then, and in such event, the said V. A. J. IDOL shall have the right, and it shall be his duty when requested by the party
of the third part, to immediately enter upon and take possession of the said premises hereby conveyed and sell the same
at public auction, for cash or credit as in the judgment of said Trustee may best subserve the purposes of this deed, first
posting notice of sale at the courthouse door in Greensboro, North Carolina, and three other public places in Guilford
County for thirty days immediately preceding the sale, and also publishing notice of said sale once a week for four successive weeks in some newspaper published in Guilford County, therein appointing a day and place of sale, and
shall make and deliver to the purchaser thereof a title thereto, and out of the proceeds of said sale shall pay the expenses
thereof and five per cent commission and pay to said Association the sum of Thirteen Hundred Dollars, and all claims then due the Association by said
Chester A. White and wife, Stella White,
and pay over the remainder, if any, to said Chester A. White and wife, Stella White,
their heirs or legal representatives.

AND IT IS FURTHER STIPULATED AND AGREED that said Trustee shall be entitled to just compensation for any and all
services performed, and expenses incurred, under this trust, which compensation shall constitute a part of the debt
secured by this conveyance and be a lien on the property herein conveyed.

IT IS FURTHER STIPULATED AND AGREED that any sums expended by said Association for insurance of the property,
or for payment of taxes thereon, or to remove any prior encumbrance, shall be added to and constitute a part of the
debt hereby secured,and shall bear interest at the same rate.

IN TESTIMONY WHEREOF, the said parties of the first part have hereunto set their hands and
seals, the day and year first above written.

Chester A. White [SEAL]
Stella White [SEAL]