Patrick County Virginia USGenWeb Archives Deed.....Martin, W.D. (Wesley David) - Moran, G.W. (George Walter) And Binda April 29, 1915
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File contributed for use in USGenWeb Archives by:
Ron Martin cindyandron@bellsouth.net August 21, 2022, 8:36 am

Third Acres more or less in the Smith River District
Written: April 29, 1915
Recorded: May 1, 1915

Recorded in the Patrick County Circuit Court Clerk's Office on May 1, 1915

Deed Book D, Page 557

This Deed made this 29 day of April in the year 1915, between G.W. Moran and 
Binda Moran his wife, of the county of Patrick State of Virginia, parties of the 
first part, and W.D. Martin of the county of Patrick, State of Virginia, party 
of the second part.
  Witnesseth:  That said parties of the first part, does grant with general 
warranty unto the said party of the second part, the following property, to wit:  
One certain trace of land situated in Patrick County, State of Virginia in Smith 
River containing thirty (30) acres more or less being the same land now fully 
described by deed dated December 30, 1910 to the party of the first part by J.W. 
Moran and Malinda Moran recorded in the Clerk's office of Patrick County in Deed 
Book 38 pages 273 and 274.
  In Trust, to secure to the holder of the herein after described note the 
payment of the sum of Fifty-five & 88/100 Dollars with interest at 6% per annum, 
from date, note dated April 29, 1915, due and payable in 12 months after date to 
Lewis Boothe, said note is a renewal of note for $50.00 dated May 19, 1913, with 
interest to date given by said G.W. Moran to said Lewis Boothe.  
  In the event that default sha be made in the payment of the note herein before 
mentioned, or any installment of taxes or levies on said real estate, or in any 
insurance premiums on the improvements thereon, when, and as the same or any of 
them, shall become due and payable, )and such taxes and levies are to be 
construed as due and payable on the day preceding that on which any penalty is 
by law added thereto), then the trustee or either of them on being required so 
to do by the holder of the said note, shall sell the property hereby conveyed.
  And it is covenanted and agreed between the parties aforesaid, that in case of 
a sale, the same shall be made at public auction, or at such other place as may 
be determined by the trustee after first advertising the time, place, and terms 
of sale for 1 month and upon the following terms, to Wit:  For cash as to so 
much of the proceeds as may be necessary to defray the expenses of executing 
this trust, including a trustees' commission of five per centum, the fees for 
drawing and recording this deed, if then unpaid and to discharge the amount of 
money then payable upon the said note and if there be any residue of said 
purchase money, the same shall be made payable at such time and secured in such 
manner as the said parties of the first part executors, administrators or 
assignees shall prescribe or direst, or in case of failure to give such 
direction, at such time and in such manner as the said trustee shall think fit.
 The said parties of the first part shall covenant to pay all taxes, levies, 
dues, and charges upon the said property hereby conveyed, so long as the debt 
hereby secured remains unpaid; but it shall not be incumbent upon the holder of 
said note to pay any taxes on said property, but that all premiums and taxes 
paid therefore, if any with interest from the time of payment, shall constitute 
a lien under and by virtue of this deed on the property hereby conveyed, and in 
event of sale shall be treated as a part of the debt secured by this deed and as 
a part of the cost of executing this trust and if there be no sale under this 
deed, then all such premiums, taxes, and levies are to be recoverable by all of 
remedies at law, or in equity, by which the debt aforesaid may be recoverable, 
and the parties of the first part hereby waives the benefit of their homestead 
exemption as to the debt secured by the deed and any expenditure for taxes, 
levies or insurance premiums by the holders of said notes in pursuance of this 
deed.
  If no default shall be made in the payment of the above mentioned note, then, 
upon the request of the parties of the first part, a good and sufficient deed of 
release shall be executed to G.W. Moran and Binda Moran at their own proper 
costs and charges.  
  Witness the following signatures and seals.  
Witness to his mark, C.V. Ferguson.          G.W. Moran his X mark   (Seal)
                                             Binda Moran             (Seal)

State of Virginia, County of Patrick, to wit:
  I, C.V. Ferguson, a notary public for the county aforesaid, in the State of 
Virginia, do certify that G.W. Moran and Binda Moran, his wife whose names are 
signed to the foregoing writing bearing date of the 29th day of April, 1915, 
having acknowledged the same before me in my county aforesaid.
  Given under my hand, this 29 day of April, 1915.
My commission expires 5/23/1916             C.V. Ferguson, N.P.

Virginia, Patrick County, to wit:
  In the office of the Clerk of the Circuit Court for the County of Patrick the 
1 day of May, 1915, this deed was presented and, with the certificate annexed 
admitted to record at 4 o'clock P.M.
                                    Teste:
                                         J.S. Taylor, Clerk

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