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-~t ".. J.U01~ 'co~:,~ 'P10Tida, :; ~'1.' "the .....~,.:p~rt' oon..,.6'0 luUa. .u:..;b;~~;; ~~; ;:.; .::~
~allaoe C. ~aunders and wife, of evaL date herewith, and to be rooorded simultaneously with thie
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III T!{UST.
TO seoure to the holder of the h&reinaftor desoribed notes the payment of the sum of Thirty
FOD 'hmd,red aM :;:t[lhty (~3480. 00) Dollars, evidenoed by twentj-two (22) oertain negotiable
notes of even date herewith. drawn by the said 'Julien Gunn, to th~ order of ~earer, and pay-
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able at the ~road ~treet Bank, !{iohmond, Virginia, 8S follows:-
SIG~T intorest notes for
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,the sum of fiftoen (~15.00) dollars eaoh, at 3, 6, S, 12,15. 18, 21, and 24 months after date;
one (t) orinolpal note for the sun of one ~hou8ond (~l.OOO.OO) dollars, at two yenrs after
date; twelve Interoet notes for the sum of thirty (~30.00) dollars each, at 3. 6. 9, 12, 15.
18, 21, 24, 21, 30. 33 and 36 months aftor date, and one(l~ prinoipa1 note for the sum of two
thous6nd!~2,OOO100) dollars. at three years 9fter date.
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AL~ th~ above desori bed no tea are given to stoure the unpaid pDrtion of pnrohase ooney, both
prinoipal and interest, for the roel estpte hereby conveyed.
T~ right is hereby reserved to antioioate the payment of the above mentioned notes at' my
interest period.
AIm this oon~eyanoe is likewiSG made In trust also to secure any extention or renewal of any
of 8ai d notes and intorest, however evidenoed; and also to soonre the fai thfl.11 perforr.l8noe of'
every oovenant )!erein. Tt.e said Julian aunn oovenants (1) to pay, when due, all sues hereby
seoured; (2) to pay, when due. all taxes and levies u~on the ~ro~erty hereby conveyed, including
proper proportion of taxes for the jear in whioh sale. if any, is ~ado; (3) to pay or re~y, on
demand, all indebtedness lawfully inourred and money lawfully expended hereunder by ~he tnlstee
or a benefioiary, With interest from the'dBtl! of sllch payment; ~md (4) to keeo the improvements
on said property adequately insured in an insuranoe corn!>8ny to be selected by the !>rincipal i
benefioiary hereunder. The said ~ulien ~unn a[lrees (1) that ln event of his failure 30 to do, "I
then any bendfloiaTy may pay suoh taxes or effect suoh insurance in an amonnt not exceeding the sum !
then due hereunder; (2) that the trustee shall have, in his dtscretion. anthority to employ all
prooe~ agents and atterneys in the eX6oution of, or in conneotion with this trust and ~ay for sucb
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servioes.
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IN T!JE EVE'rT 01" n:~PA!J1T in the 'poYl!lont of any note hereby secured,(or aIU extension or renewal
thereof or interest thereon) or the breach of any oovenant herein, then the trustee, on being
.,requirod by any bentf1oiary, shall sell the said prol'l& rty at publio auotion,at suoh time and plac~
as he shall presoribe, after advertising the tine, place aod terms at loast five times in a new'-
,paper published in th~ City of ~iohmond, Va., and upon tho following terns: (1) for cash; or
'2) for one-third cash and the balanoe in two equal installments due six and twelve nontha, re-
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speotively, after date. with intorest, and pro~erly secured by a deed of trust 8D ~~id pro~rty. 0
or all oash at the option of the purohao9r, The truatee shall have th& right. In hie discretion
to postpone or continue any sole hereunder adverti.ed. and notioe of suoh postpone~ent or oon-
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tlnuanoe shall be published under the former advertisement in the same ne.'lSp8per one or more
times as the tnlstee shall determine, Tn event of s sale. the fund derived therefrom shall be
applied 8S follows:
!i'irst, to p&y taxes for the then onrrent year and all taxet1 then due and II
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unpaid 811 oosts inoident to exeoution of this trust. Inoluding a trustee's oommission 'of ~25.00
or 5~ on the gross amount of sal.flnoludlng the amount of any prior deed of tnlst or ~'ortga~e)
whioBfTer shAll be greater. and 311 ooets ana expenseD lawfully incurred hereunder, with interest
t~ereon; seoond, to pay all interost then due hereunder; third, to pay the prinoiptll sum or awns
of money hereby ueoured, ratably, aooording to the th~n present value of the nete. representing
~r1nolp81; ond , fourth, to oay the resldu_. if apy, to the grantors, their h4irs ar assigns.
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The Eoid Julien Gunn waives the benefit of tbe homestead ex~tion os to any indebtedneBD lewtully