CARTER COUNTY, TN - DEEDS - Milligan College Land Deed
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     This agreement made and entered into on this the 27th day of 
January 1894 by and between C. D. M. Showalter of Rockwood Tenn. 
and J. L. English of Rocky Mount Va. of the first part and Miligan 
College a body corporate under the laws of Tenn of the second 
part. 

     Witnesseth:  That whereas on the 27th day of Jan 1894 of even 
date herewith and contemporaneously with this instrument the 
trustees executed and delivered to the first parties hereof a deed 
in fee simple conveying the lands hereditument re mentioned and 
described therein in consideration that the first parties hereto 
assumed to pay to the Pioneer Savings and Loan of Minneapolis, 
Minn. the sum of ($3700.00) thirty seven hundred dollars and of 
this amount did pay to said Pioneer Savings and Loan Co. are that 
said Milligan College owes said Co. above $2700.00 and also a deed 
of trust on said Milligan College to secure the payment of said 
$2700 in one, two, and three years from date hereof.

     Now it is hereby mutually agreed between the first and second 
parties hereto that the first parties will pay to said Pioneer 
Savings and Loan Co. of Minneapolis or Minn. said $2700.00 and 
interest thereof when due; and that the second party hereto shall 
have until June 1st 1900 in which to redeem said Milligan College 
by paying to the first parties hereto said $2700 and 6% interest 
thereon (interest payable semiannually) and also by paying to the 
first parties together with 6% semi-annual interest the amount the 
first parties paid this day to the pioneer Savings and Loan Co. 
above the $2700.00 which said Milligan College owed said Co. on a 
mortgage.  Which amounts together with incidental expenses 
including insurance on "Home" for a term of three years make up 
the items of $3700.00.  

     It is further mutually agreed between the parties hereto that 
should the first parties fail or refuse to pay off said 
indebtedness due said Pioneer Savings and Loan Co. the second 
party may do so and shall have        for such amount on its 
redemption from the first parties.

     The possession of Milligan College is subject to a private 
agreement between J. Hopwood leasor and C. D. M. Showalter.  The 
parties of the second part further agree to pay back to the 
parties of the first part as a part of the redemption fund all 
insurance paid by the parties of the first part with lawful 
interest thereon (except insurance for a $2000 policy on "Ladie's 
Home" for three years from date and included in $3700 mentioned 
above.)  and also the parties of the second part are freed from 
the payment of insurance for more than $5000 at a time on both the 
college building and "Ladie's Home."

     The second parties hereto agree to pay back with lawful 
interest to the first parties hereto all taxes and other money 
paid by the parties of the first part other than such amounts as 
are necessary to keep buildings in a good repair as they now are.

     Further it is mutually agreed that the parties of the first 
part shall receive their payments in sums of not less then ($500) 
five hundred dollars at a time unless it be last payment of 
redemtpion fund to them.

     Witness the hands of the first parties the day first above 
written.

                                   C. D. M. Showalter
                                   Jas. L. English