L. LANTZ DEED OF TRUST TO GEORGE C. PAINE.
County, Mississippi Deeds of Trust, Book HH, p. 400
Transcribed by Lori Thornton
STATE OF MISSISSIPPI }
MONROE COUNTY. }
In consideration of ten dollars, I convey and warrant to C. E.
Hamilton, Trustee, the following described real estate situated
in Monroe County, and State of Mississippi, to-wit:-
off the North side SW 1/4 NW 1/4 and 20 acres off of the North
side SE 1/4 NW 1/4, all in Section 21, Township 14, Range 7 East,
it being formerly known as part of the Albert Holder land; ALSO,
Northeast 1/4 of the Northwest 1/4 and the East Half of the Northwest
1/4 of the Northwest 1/4 of Section 21, Township 14, Range 7,
except 2 acres in the Northeast corner of the Northeast 1/4 of
the Northwest 1/4 and except two acres in the Southeast corner
of the Northeast 1/4 of the Northwest 1/4, both pieces of land
so excepted, lying East of Matubba Creek.
of trust and the note secured hereby will be continued in force
from year to year for five years from this date, provided the
annual taxes and annual interest and part of the principle is
paid annually; in the event the annual taxes, or annual interest
& part of the principle is not paid annually, then the deed
of trust shall be foreclosed.
In trust to secure George C. Paine the sum of $700.00 Dollars,
evidenced by my note of even date herewith, due and payable as
When due: 1st of Oct. 1923.
Of the amount of $700.00, the sum of $550.00 is the purchase price
of the 44 acres bought from Bertha Ann Holder and $150.00 is loaned
me to finance me this year.
All of which both principal and interest notes are to bear 6 per
cent interest per annum, payable annually after date until paid.
The grantor agrees to keep said property insured for use of beneficiary
in the sum of $_____.
If the above indebtedness shall be paid at maturity, and all taxes
on said property shall be paid as required by law, then this trust
shall be fully satisfied. If any taxes assessed against said property
shall not be paid at maturity by the grantor herein, the same
may be paid by the beneficiary or his assigns, and the same on
such payment shall become a charge on such property and secured
by this instrument. Upon the non-payment of taxes, or upon non-payment
of any part of said indebtedness or interest at maturity or to
keep said property insured, the whole of said indebtedness may
be declared to be due, and shall become collectable at the option
of the holder of said indebtedness. Upon the non payment of taxes
or any part of said indebtedness or to keep said property insured,
the Trustee shall at the request of the beneficiary or his assigns
or legal representatives, after advertising as per Section 2772
of teh Code of Mississippi, 1906, sell said property or so much
thereof as may be necessary to pay indebtedness then unpaid at
public outcry to the highest bidder for cash, in fron [sic] of
the Court House Door in said County, and out of the proceeds of
said sale, the Trustee shall first pay the cost of executing this
trust deed, including five per cent commission to the Trustee;
second, he shall pay said indebtedness and any balance shall be
paid to the grantor or his representatives. If the said Trustee
shall die, or from any cause shall not execute this trust, then
the beneficiary of this trust deed or his assigns or legal representatives,
shall have full power to appoint a trustee in the place of said
C. E. Hamilton, Trustee, and the said substituted Trustee shall
have the same authority and duties as are conferred on the first
Witness my signatures this 20 day of June, 1922.
I. L. Lantz
STATE OF MISSISSIPPI
MONROE COUNTY. }
Personally appeared before me, the undersigned authority of law
in and for said county the within named I. L. Lantz who acknowledged
that he signed and delivered the foregoing instrument on the day
and year therein mentioned.
(Seal) S. A. Dalton, Justice of the Peace.
record in my office the 21st, day of June, A. D. 1922, at 3 o'clock,
P.M. and was truly recorded on the 1st day of July, 1922.
Joe T. Morgan, CLERK
in full. This Nov. 27th 1922.
George C. Paine
Attest: J. T. Morgan, Chancery Clerk
By: G. G. Ray, D/C