NORTHAMPTON COUNTY, NORTH CAROLINA.

6 November 1854.      WILLIAM R.T. WILLIAMS  to WILLIAM T. JOSEY

 

     This indenture made this 6th day of November in the year of our Lord Eighteen Hundred and Fifty Four,  Between WILLIAM R.T. WILLIAMS of the one part and WILLIAM T. JOSEY of the other part, both of the County of Northampton, State of North Carolina.  Witness that the said WILLIAM R.T. WILLIAMS, for and in consideration of the sum of One Dollar, to him in hand paid by the said WILLIAM T. JOSEY, before the sealing & delivery of these presents, and also for the purpose and considerations herein after set forth, hath granted, bargained and sold and by these presents doth hereby grant, bargain and sell unto the said WILLIAM T. JOSEY, all that tract of land, known as the DAWSON land, this day conveyed by Mesers M.W. SMALLWOOD, to the said WILLIAM R.T. WILLIAMS by deed bearing the same date of these presents, and now fully describe in said deed, also a small tract of land, near Rich Square, and upon which the said WILLIAMS, now resides, lying between the Road leading from near Rich Square, to BRYANTS Cross Roads, and the other fork of the same leading to BRUTTAINS Cross Roads. Sometimes called Roxebel, and containing about Eighteen acres, be the same more or less. To have and to hold the said lands, together with all the appurtenances unto the same belonging or in any wise appertaining unto him the said WILLIAM T. JOSEY, his heirs and assigns forever.  In special trust and confidence moved that as, and to, the intent and purposes following, & more other. That is to say, the said WILLIAM R.T. WILLIAMS, having purchased of the said MARCUS W. SMALLWOOD, the said division land, for the sum of Ten Thousand Dollars, and executed to the said SMALLWOOD, for in several notes for the purchase money, each for the sum of Twenty Five Hundred Dollars, bearing date with these presents, and carrying interest from the first day of November Eighteen Hundred and Fifty Four, and payable as follows.  One Two years after the said first of November.- One, Three years thenafter.- One Four years, thenafter, and One Five years, thenafter. And the payments of which said notes, as they respectively fall due the said WILLIAM R.T. WILLIAMS, is desirous of fully securing. Now therefore if the said WILLIAM R.T. WILLIAMS, shall will and truely pay off & discharge the said notes as they respectively fall due, then this deed shall be null and void,  But should the said WILLIAM R.T. WILLIAMS fail to pay any of the said notes that may fall due, then and in such case it shall be the duty of said WILLIAM T. JOSEY from time to time, as may be necessary, and when he shall be required by the said M.W. SMALLWOOD, to expose to public sale at Rich Square, after Twenty Days public notice, at that place and Two or more other places in the County, a sufficient part of the land hereby conveyed, to pay off such note or notes falling due, and with the proceeds, after retaining a reasonable compensation services as trustee, he shall pay to the said SMALLWOOD what may from time to time be due to him.- And he shall so continue to sell until all the said notes, shall be fully paid off & discharged. But if at any time there should be default made by the said WILLIAMS, in the payment of the said notes or any of them, and he should perform a sale of the whole of the said land, or a sufficiency thereof to pay off & discharge the whole of the said notes at once, then it shall be the said JOSEY as trustee to make sale accordingly. In witness whereof the said WILLIAM R.T. WILLIAMS and the said WILLIAM T. JOSEY have hereunto set their hands and affixed their seals, the day and date first above written.

                                                                                      

                                                                                                                                 WILLIAM R.T. WILLIAMS

                                                                                                 WILLIAM T. JOSEY