Craven County
Deed Book 43, p. 5
31 October 1820 (registered 1823)
$1, Mortgage
“…one certain negro man by the name of George aged about twenty five years also one dwelling house where I now live, oun the ground of John Stanly, and one other house which I now occupy as Sadler harness shoe and bootmakers shop, and all my stock I now have on hand in the said shop consisting of harness saddles and bridles cushions boots and shoes, leather, saddle harness & trimmings and all other work that should be made up and in said shop until the following debts are discharged by sale or otherwise…[Ira Lipsey owes]:
- a note in the Newbern Branch of the State Bank of North Carolina in the sum of [$400] or thereabouts which Daniel Shackelford & David Lewis are security and
- also one other note in the bank of Newbern in the sum of [$380]
- also a note in the State Bank in the sum of [~$440] which Daniel Shackelford and David Lewis as security
- also an act and note due Daniel Shackelford in the sum of [~$1,500]
Soon as the said notes and accts or either of them should become due and unpaid, it shall be lawful for the said William S. Morris to sell and dispose of all or any part of said property at public auction to the highest bidder for ready money, giving ten days notice of the time and place of sale viz advertisement at the court house in Newbern and to convey and assine and deliver the same to the purchasers thereof their heirs and assigns in fee simple and the said William S. Morris after discharging all the above or within mentioned debts shall pay over to the said Lipsey the balance if any should be left, and it is further agreed that until such a sale shall be made that the said Lipsey shall have the possession and use of the said property.”
Signed:
Ira Lipsey { Seal }
William S. Morris { Seal }
Witness:
John S. Green
Thomas O Bryan