Monsees-First Series Mechanics B&L Assn., Aug. 3, 1906

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Mortgage Deed

J. E. Monsess and wife TO First Series Mechanics' Perpetual Building & Loan Association.

Consideration, $700.00 Dated 3rd. day of August, 1906

Filed for registration on the 6 day of August 1906 at 9 o'clock AM. and duly recorded in Office of Register of Deeds for Guilford County N. C., in Book 190, Page 38 &c.

A. G. Kirkman Register of Deeds.

Clerk's Fee $25 Record Fee $175 [Total] $200 paid

Fees paid by [blank] Enterprise Print, High Point

[mail] [blue stamp across the Deed, "Cancelled of Record W. H. RANKIN, Register of Deeds]

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State of North Carolina, Guilford County.

This Indenture, Made this the 3rd. day of August, A. D., 1906 by J. E. Monsees and wife C. E. Monsees of the County of Guilford and State of North Carolina parties of the first part, to First Series Mechanics Perpetual Building & Loan Association, of the County of Guilford and State of North Carolina, party of the second part,

Witnesseth, That whereas the said Parties of the first part is the owner of Seven Shares of the Stock of the said First Series Mechanics' Perpetual Building & Loan Association, which was duly organized under Act of General Assembly of North Carolina, passed at the session of 1869-'70, and amended by the Laws of 1881, to transact business in the State of North Carolina: Now, therefore this Deed Witnesseth, That the said parties of the first part in consideration of ($700.00) Seven Hundred and 00/100 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 its successors and assigns, a tract or parcel of land in the County of Guilford and State of North Carolina, in High Point Township, adjoining the lands of Clay Clinard and others, and bounded as follows viz:

Beginning at a stake Stone's corner Clay Clinard's line running East 210 feet with said line to Mrs. Payne's line, thence South with said Payne's line 58 feet to Reuben Clinard's line. thence West with said Reuben Clinard's line 226 feet to Stone's corner in Reuben Clinard's line, thence with said Stone's line 73 feet to the beginning, containing 14279 square feet, more or less.

Satisfied in full this August 11th 1913

Witness T. W. Albertson

Mechanics Perpetual Building & Loan Association Per W. F. Armfield Sect'y & Treas

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To have and to hold the said tract or parcel of land and all privileges and appurtenances thereunto belonging to the said party of the second part and its successors and assigns forever.

And the said parties of the first part do covenant that they are seized of the said premises in fee and ha[ve] the right to convey the same in fee simple; that the same are free from incumbrances; and that they will warrant and defend the said title to the same against the claims of all persons whatsoever.

Provided Always, and these presents are upon the express condition that if the said parties of first part shall well and truly pay or cause to be paid to the said party of the second part whenever it shall be ascertained by the Board of Directors of the said First Series Mechanics Perpetual Building & Loan Association that the value of each share of stock in said First Series Mechanics Perpetual Building & Loan Association amounts to the sum of one hundred dollars, according to its plan of organization, and operations as appears in the constitution and by-laws of the said First Series Mechanics Perpetual Building & Loan Association, which are made a part of this deed, the sum of Seven Hundred and 00/100 Dollars, evidenced by a bond bearing even date herewith, with interest thereon at the rate of six per cent. per annum, payable in monthly installments until the principal money shall all be paid according to the terms of said bond and constitution and by-laws aforesaid, then these presents and the said bond shall determine and be void.

It is understood and agreed that the said parties of the first part shall keep the Buildings on said premises insured in some reliable Insurance Company having an agency in the County of Guilford in the sum of $ 3/4 Value, and if any loss or damage should occur, the same shall be payable to the said First Series Mechanics Perpetual Building & Loan Association, its successors 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 monthly installment is due.

It is further understood and agreed, That the mortgagor 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 be payable when the next monthly installment is due.

But if default of the payment of the principal sum of $700.00 Seven Hundred and 00/100 Dollars, or any part thereof shall be made at the time above specified, then in such case the said parties of the first part do hereby auhorize and empower the said First Series Mechanics Perpetual Building & Loan Association or its Agent, to sell said premises hereby conveyed, at public outcry, at the Court House door in Greensboro, N. C., after first advertising the same in some newspaper published in the County of Guilford, and four public places in the County of Guilford, and convey the same to the purchaser in fee simple absolute, or if default shall be made of the payment of the monthly installments of interest at the rate of six per cent. per annum for three successive months, then the said principal money of the sum of $700.00 Seven Hundred and 00/100 Dollars, shall all become due with all the accrued interest unpaid thereon, and in such case the said parties of the first part do authorize and empower the said First Series Mechanics Perpetual Building & Loan Association to make sale of the said premises as upon failure to pay the principal sum of Seven Hundred and 00/100 Dollars and shall execute and deliver to the purchaser a good and sufficient deed and retain the principal money and interest unpaid, together with all costs and charges paid for insurance and taxes by the said First Series Mechanics Perpetual Building & Loan Association of the sale, and the registration of this deed, [and] pay the surplus, if any, to the part[ies] of the first part or their legal repreresentatives.

In testimony whereof the said parties of the first part have hereunto set their hands [and] seals the day and year first above written.

J. E. Monsees. (SEAL.) C. E. Monsees (SEAL.)

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State of North Carolina, Guilford County.

I, E.M. Armfield, a Notary Public, in and for said County & State, do hereby certify that J. E.Monsees and C. E. Monsees his wife grantors, personally appeared before me this day and acknowledged the due execution of the foregoing mortgage deed and the said C. E. Monsees being by me privately examined, separate and apart from her said husband, touching her voluntray execution of the same, does state that she signed the same freeely and voluntarily, without fear or compulsion of her said husband or any other person, and that she does still voluntarily assent thereto.

In testimony whereof, I have hereunto set my hand and notarial seal this the 3 day of August, 1906.

E. M. Armfield (SEAL.) Notary Public

State of North Carolina, [blank] County.

I, [blank], a Notary Public, in and for said County and State, do hereby certify that [blank] grantor, personally appeared before me this day and acknowledged the due execution of the foregoing mortgage deed.

In witness whereof I have hereunto set my hand and notarial seal this the [blank] day of [blank], 190[blank]

[blank] Notary Public

State of North Carolina, Guilford County.

The forgoing certificate of E. M. Armfield, a Notary Public of Guilford County, duly attested by his official seal, is adjudged to be in due form and according to law. Let the said mortgage deed and the certificates be registered.

W.P. Beall, Jr. Deputy C.S.C.

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