Transcription of 1982.031.

006 Doc-053
Transcribed with assistance from FromThePage.com users Tom York & Jannyp
Cover Page
J. W. Coltrane
High Point, N. C.
Box 1767

[Stamped: VERIFIED]

W. L. SHOFFNER
ATTORNEY-AT-LAW
SECURITY BANK BUILDING
BURLINGTON, N. C.

1.25 Pd.
.25 Pd.

Deed Text

NORTH CAROLINA
ALAMANCE COUNTY

KNOW ALL MEN BY THESE PRESENTS, that we, Ethel G.

Harris, Widow, Edward Guthrie (brother), Erwin G. Harris (son)
and wife, Zuma H. Harris, and Sarah L. Harris, (daughter), of
Alamance County, North Carolina, parties of the first part,
in consideration of Ten Dollars ($10.00), paid to us by J. W.
Coltrane, of Guilford County, North Carolina, Party of the second
part, the receipt whereof is hereby acknowledged, for ourselves,
our heirs, executors, and administrators, agree to sell and convey
to said J. W. Coltrane, or his assigns, for the consideration
of SEVENTEEN THOUSAND DOLLARS AND NO/100 ($17,000.00), the
following described property.

A certain lot of land, lying and being in Burlington Township,

Alamance County, North Carolina, and more particularly described
as follows:

BEGINNING at an iron bolt, corner with Church Street, and William

Burke, running thence with line of William Burke N. 35 deg. W.
374 feet to an iron bolt, corner with James H. Holt; running
thence with line of James H. Holt, S. 86 deg. E. 68 feet to an
iron bolt, corner with Mebane Real Estate and Trust Company;
running thence with lines of Mebane Real Estate and Trust Company
and E. L. Morgan S. 35 deg. E. 323 feet to an iron bolt corner
with Church Street; running thence with line of Church Street S.
55-2/3 deg. W. 55 feet to the BEGINNING.

A certain lot or parcel of land lying and being in the City of

Burlington, in Alamance County, North Carolina, adjoining the lands
at this or some future time of E. G. Guthrie, G. A. Burke, J. Samet
a l [sic]
a 15 foot alley and described as follows:

BEGINNING at an iron bar on said 15 foot alley, in the line of

E. G. Guthrie, and running thence with said E. G. Guthrie S.,
35 deg. E. 133 feet to an iron bolt, corner with G. A. Burke;
thence with line of said G. A. Burke N. 55-2/3 deg. E. 60 feet
to an iron bolt in line of J. Samet; thence with line of said
Samet N., 35 deg. W. 92 feet to an iron bolt in said 15 foot alley
thence with said Alley N. 86 deg. W. 89 feet to the beginning and being
the same that was conveyed to party of the first part by Mebane
Real Estate & Trust company by deed recorded in Book 76 at page 91.

The cost to be paid by the said J. W. Coltrane, or his assigns

shall have the sum of SEVENTEEN THOUSAND DOLLARS ($17,000.00)
$3000.00 of which is to be paid as soon as an abstract of the
property can be made and re-zoned The City of Burlington has
agreed to re-zone said property for business purposes. This option
may be accepted by the said J. W. Coltrane, or his assigns, as
of January 15, 1953, in the event, the title check proves to be
satisfactory and the property is re-zoned. Conveyance then shall
be made on January 15, 1953, by a warranty deed conveying a clear
title free from all encumbrances All tenders and deliveries here
under shall be made at the office of W. L. Shoffner, Attorney of
Burlington, North Carolina.

It is agreed that if the said J. W. Coltrane, or his

assigns shall fail to accept this option on January 15, 1953,
or shall after said acceptance fail to pay the balance due there-
on on the purchase price, which sum shall be $14,000.00, the cost
above mentioned, being the $10.00 and the $3,000.00 payments, at
the time and place, and in accordance with the terms and conditions
hereinbefore mentioned, the said J. W. Coltrane or his assigns,
shall forfeit the said payments of $10.00 and $3,000.00.

Ethel G. Harris, one of the grantors, above named shall

have the privilege of using the $3,000.00 above mentioned between
now and January 15, 1953, for the purpose of building a new home.
The deed to the said J. W. Coltrane shall be executed, and
delivered to the said W. L. Shoffner, as soon as he has completed
the abstract, and the same shall be held by him in escrow until
January 15, 1953, at which time he is to deliver said deed to
J. W. Coltrane, or his assigns upon the receipt of the balance of
the purchase price which shall be $14,000, it being understood
that the $3,000.00 above mentioned shall be delivered to the said
W. L. Shoffner as soon as the deed has been executed by all of the
parties of the first part who are the present owners of said
real property and as soon as the same has been delivered to the
said W. L. Shoffner to be held by him in escrow.

IN WITNESS WHEREOF, the said parties of the first part

have hereunto set their hands and seals this the 25th day of
November, 1952.

Mrs. Ethel G. Harris (SEAL)

Edward Guthrie (SEAL)
Erwin G. Harris (SEAL)
Zuma H. Harris (SEAL)
Sarah L. Harris (SEAL)

NORTH CAROLINA
ALAMANCE COUNTY

I, La Verne May, a Notary Public in

and for the aforesaid County and State, do hereby certify that
Ethel G. Harris, Edward Guthrey, Edwin G. Harris and wife Zuma H.
Harris, and Sara L. Harris, of Alamance County, appeared before
me this day and acknowledged the due execution of the Option
for the purposes therein expressed.

Witness my hand and notarial seal, this the 18th day

of November, 1952.

La Verne May
Notary Public
My comm. Expires: 7-1-54

NORTH CAROLINA, ALAMANCE COUNTY

The foregoing certificate of La Verne May
A NP of Alamance County is adjudged to be correct.
Let this instrument with the certificate be registered.
This 26 day of Nov., 1952.
Marcelena Allison, Deputy C.S.C.

Filed for Registration at 11:15 o'clock A.M. Nov. 26, 1952,

and registered in the office of the Register of Deeds for
Alamance County in Book No. 211 Deeds page 590-591
this the 3 day of Dec., 1952.
Pauline McCraw Deputy Reg. of Deeds