Franklin W. Latta, Et..Ex.
To -- Deed
Chas. Williams.
Recd. Apr. 16, 1926.
At 1:30 o'clock P.M.
Geo. W. Lambert, r.d.C.

FOR AND IN CONSIDERATION of the sum of Thirty Five Hundred dollars and the assumption of the indebtness due by E.E. Montgomery and wife to the Federal Land Bank of Louisville, Kentucky paid and to be paid Chas. Williams has executed five promissory notes for Seven Hundred dollars each, of even days therewith, papyable to the order of S.G. Latta and bearing six per cent interest from date, payable annually, with lien retained on the property herein conveyed to secure their payment. and all the crops grown thereon during the first three years. The first one of said notes falls due December 1st, 1925, and the others December 1st, 1926, 1927, 1928 and 1929 thereafter; until all are paid we, Franklin W. Latta and wife, Ruth Latta, have bargained and sold, and by these presents do transfer and convey unto the said Chas. Williams, heirs and assigns, a certain tract of land in Dyer County, State of Tennessee, as follows; Beginning at the southwest corner of the tract of land formerly owned by J.T. Reynolds, now owned by J.M. Sanderson, in the East boundary line of the original tract and the West line of C.C. Jones land 48.18 polesto the Northeast corner of Rebecca Holman land, thence west wither north boundary line 163 poles to the Northeast corner and the southeast corner of the Road, Jones tract, thence North with the west line ofsaid original tract 48.18 poles to the southwest corner of the said Sanderson tract thence East with his South boundary line 163 poles, do covenant with the said Chas. Williams that we are lawfully seized and possessed of said land in fee simple, have a good right to convey it, and the same is uninumbered.

And we do further covenant and bind our heirs and representatives to warrant and forever defend the title to said land to the said Chas. Williams, heirs, and assigns, against the lawful claims of all persons whomsoever.

But this coveyance is upon the following conditions, which are a part of the consideration thereof, without which this conveyance would not have been made, Viz;

It expressely agreed by and between the said Chas. Williams and Frnaklin W. Latta that if any of said notes shall at any time be unpaid, either in whole or in part; three months afte maturity, all of the notes shall thereupon become due.

The said ______ agree t to keep the _____ on property conveyed insured to the amount of ________ Dollars, payable to the said ________ as collateral security to said note, and to pay all taxes when due; and the said Further agree that if ____ fail to keep the said ______ insured, or to pay and taxes as agreed, the said _____, or the lawful holder of said notes, amy have the building-insured, or may pay the taxes, and in either event the amount aid shall become part of the indebtness secured by the lien herein reserved, and shall bear interest from the day of payment. If the said ____ shall fail to repay any premium or taxes and interst within two months from the payment thereof by the said _____. Such failure shall render all of said notes due at the expiration of such time.

The said Chas. Williams further agree that if said notes become due upon any contingency hereinbefore stated, the said Frnaklin W. Latta or the lawful owner of said notes then unpaid after advertising once a week for at least three weeks in some newspaper published in Dyer County, the first publication to be made at least twenty days before the sale, shall have the authority to sale the property conveyed and all crops grwong theron by public auction, at the North door of the courthouse in Dyersburg, Tennessee, to the highest bidder, for cash, free from the rights of redemption, homestead, and dower; to execute a conveyance to the purchaser, and to apply the proceeds of sale-
     First, to the payment of any taxes that may be in lien on the property;
     Second, to the payments of all expenses incident to advertiseing and selling;
     Third, to the satisfaction of the indebtness secured by said vendor's lien; and last, any balance shall be paid to Chas. Williams, or his legal representives.

The said Chas. W. Williams further agrees that the said Franklin W. Latta may execute the power of sale herein contained without giving bond or taking oath; that the said Franklin W. Latta, or the lawful owner of any notes herein secured, amy bid at any sale under said power; and thatif the said :atta becomes the purchaser, the person holding office of County Court for the said county shall have authority to convey the propery to the said _____, and the said _____ further agree that in the event of a sale of said property under and by virtue of this deed, then the said Williams and all persons holding under ____ shall be and become the tenants at will of the purchaser of the same, from and after the execution and delivery of a deed to such purchaser, said tenancy to be determined at the option of said purchaser upon five days written notice.

In Witness whereof, we hereunto set signature, this first day of December, 1924. As evidence of my ratification and acceptance of the foregoing terms and conditions, I, Chas. Williams join herein, and subscribe my name hereto. This first day of December, 1924. Signed:
Chas Williams      Franklin W. Latta      Ruth Latta

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