Treasure Chest Thursday~Real Estate Sale

The year 1885 was not a good year for my 2nd Great Grandparents. At the end of the year in December 1884, William and Sarah entered into a Trust Deed with Thompson and Moore for one hundred fifty one dollars and 78 cents. ($151.78) 

The trust deed reads ”William A. Purvis and wife Sarah J. Purvis, have bargained and sold and by these presents do bargain, sell, assigned and conveyed to the said Thompson and Moore partners, their heirs and assigns the following property, to wit: one tract or parcel of land situate in the county of Anson, state of North Carolina adjoining the lands of W. J. McLendon on the North and bounded as follows, that is to say: beginning at J. D. Rhine on the east, and W. J. Purvis on the south and west, containing fifty (50) acres more or less…” 

The Note was payable on the 1st day of November 185 and failure to pay would result in sell of the land at public action. William and Sarah were unable to re-pay the mortgage thus the land was sold at public auction. 



SALE of REAL ESTATE
By virtue of power contained in a Deed of Trust executed by W. A. Purvis and Sarah J. Purvis on the 23^rd day of December 1884 to N. J. Thompson and C. C. Moore, partners under the style of Thompson & Moore, and registered in trust book no. 18, page 202 of the registers office of Anson County, Dec. 27^th, 1884, and by consent and request of said W. A. Purvis and Sarah J. Purvis, we will sell for cash to the highest bidder at the Court House door in the town of Wadesboro, on Monday the 7^th day of December 1885, the land described in said Deed of Trust, containing 50 acres more or less, adjoining the lands of W. J. McLendon and others. Sale of above lands made to satisfy a note secured by mortgage on said reality.             N. J. THOMPSON
                                                                      C. C. MOORE.
                                                                      Partners and Mortgagees
 
Nov 25 1885, lt.
 
At one time William A. and his only child, William James had over 120 acres of land adjoining each other just southwest of McFarland, NC on the west side of Zoar Road. (S-13-23)
 
As stated previously William and Sarah Jane are my 2nd Great Grandparents.
 
 
 
 
 
 
 
 
 
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[The Anson Times, 3 Dec 1885, Thu, Page 3]
RAOGK Contributor Debra Cooper, 17 December 2014
https://www.facebook.com/groups/raogkUSA/permalink/589522781149614

Amanuensis Monday~Deed, W. A. Purvis to James L. Edwards, 1871

Amanuensis Monday is a genealogy blogging theme. It was started by John Newmark who writes the TransylvanianDutch blog.

His definition of Amanuensis is:
Amanuensis: A person employed to write what another dictates or to copy what has been written by another.

Today’s posting is a 1871 Trust Deed between William A. Purvis and James L. Edwards.

21 December 1871
W.A. Purvis to James L. Edwards
This indenture made this the 21 December 1871 between W. A. Purvis of the first part and Jas. L. Edwards of the second part both of the county and State of North Carolina witnesseth whereas the said W.A. Purvis is justly indebted to the said Jas. L. Edwards the sum of two hundred and forty-seven 80/100 dollars and whereas the said W. A. Purvis is desirous to secure the payment of the said debt now therefore this indenture witnesseth that for and in consideration of the promises together with the further consideration of the sum of one dollar in hand paid to the said W. A. Purvis by the said Jas. L. Edwards the receipt whereof is hereby acknowledged he the said W. A. Purvis hath granted, bargained & sold and by these presents do bargain grant & sell unto the said Jas. L. Edwards a certain tract of land lying and being in the county of Anson and the State of North Carolina on the waters of Westfield Creek and bounded as follows: beginning at a stake in the state line 4th corner of R. Gaddy's tract & runs No. 15 Wst 38.35 Chs to a stake in McGugans line 3rd corner of the Gaddy tract then No. 88 Wst 11.40 Chs to a stake one pine pointer then So. 37.50 Chs to a stake in the state line then with the state line East 21 Chs to the beginning containing sixty (60) acres being the same land conveyed by Isham Wallace to Jas. L. Edwards to have & to hold the said land & promises and all & singular the premises, hereditaments, woods ways waters, rents, improvements, profits and appurtenances thereunto belonging or in any wise appertaining thereto to him the said Jas. L. Edwards, his heirs, executors, administrators in fee simple forever free & discharged from any & all incumbrances whatever in special trust & confidence that the said Jas. L. Edwards shall & will hold, keep, use & apply the same in the use intended following and no other that is to say if the aforesaid debts and every part thereof together with the lawful interest that may have accrued & if the same shall not be (fully) paid off and satisfied by the said W. A. Purvis on or before the first day of January 1873 then and in that case it shall be lawful and shall be at the pleasure of Jas. L. Edwards having first advertised the same at the Court House in the town of Wadesboro and three other public places in the county of Anson the space of twenty days to proceed to sell the said land & premises at public auction to the highest bidder for cash money or such credit the said Edwards may think proper and convey the same by proper & sufficient assurances to the purchaser and all the proceeds and money arising from said sale to retain all necessary expenses of this trust and then payoff and discharge to himself the said debts and interest specified in the foregoing part of this trust that he shall pay all as such part as shall remain unpaid at the time of the sale & the over plus if any he shall pay or return to said W. A. Purvis or his representative in testimony, whereof the said W. A. Purvis doth set his hand & seal the day & date above written.
                                                                                               his
                                                                                       W.A. X Purvis Seal
                                                                                              mark
Signed, Sealed & Delivered in the presence of
S. J. Edwards

Anson County. In the Probate Court Dee 30th 1871. Then the due execution of the foregoing Deed of Trust was proved by the oath of S. J. Edwards, the subscribing witness thereto let the deed with this certificate be registered.
J. M. Covington
Probate Judge

Anson County. Jany 3rd 1872. This day the following Deed of Trust was duly registered in Trust Book No.2, Page 360.
John Stacy
Register of Deeds

The essence of this deed is that my 2nd Great Grandfather W. A. Purvis borrowed $247.80 from James L. Edwards for which my 2nd Great grandfather provided 60 acres of land for security of the mortgage, due on 1 Jan 1873.

These types of mortgages were used to buy farm supplies and seed in order to plant a new crop in the following months. Great Grandfather William borrowed this $247.80 so that he could purchase the necessary material to plant and harvest a crop in 1872.

As time progressed we find that the lender wasn't just happy with getting the money he loaned back; he begin to insist on a portion of the crops and interest on the loan.

Between the years 1871 and 1886; William entered into agreements with local businessmen a total eighteen (18) known times. Farming in the 1870-1880 was very demanding with little return on investment. Until his death between September 1899 and May 1900 he continued to farm or sharecrop the land.






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[1] Wadesboro, Anson County, North Carolina, Trust Deed Vol. 2: pages 363-365, "W. A. Purvis to James L. Edwards" ; microfilm, GS #1689098, LDS Family History Library, LDS Family History Library (Salt Lake City, Utah : copied 1980).

Deed of Trust - William J. Purvis

A Deed of Trust is basically a mortgage that requires the borrower to use his land as collateral for the loan.

A Deed is used to legally transfer property (most likely land) to another party.

Deeds of Trust or Trust Deeds are used in 20 states and the District of Columbia. North Carolina is one of the states that use the Deed of Trust as surety for a debt.

Trust Deeds are recorded at the Courthouse in the Register of Deeds Office just as land deeds are recorded.

This is a transcription of a Trust Deed between my Great Grandfather William James Purvis and The Singer Manufacturing Company.

Deed of Trust

9 July 1882

Volume 14, Page 174
Anson County, NC
Film # 1689066

W. J. PURVIS to The Singer Manufacturing Co.

State of North Carolina}
Anson County} The undersigned is indebted to the Singer Manufacturing Company in the sum of thirty-five Dollars by note due first day of November 1882 and to secure the payment of the same hereby conveys to the Singer Manufacturing Company the following articles of personal property to wit: one plain singer Sewing Machine No. 3466982 and all the cotton to be raised during the year 1881 on the farm upon which the undersigned resides in Morven Township of Anson county adjoining the lands of Jno. McGugan and others subject only to such liens as have already attached the same. But on this special trust that if the undersigned shall deliver to the Singer Manufacturing Company one Bale Middling Cotton weighing 500 pounds on or before the first of November 1882 and pay the said company $10 then this mortgage to be void; but if said cotton is not delivered and $10 paid as aforesaid, and the debt and interest is not paid on or before maturity the Singer Manufacturing Company may sell said property or so much thereof as may be necessary by public auction for cash, first giving twenty days' notice at three public places and apply the proceeds of such sale to the discharge of said debt with eight per cent interest thereon and costs of sale and the surplus pay over to the order of the undersigned. Signed and sealed this 9 day of July 1882.

W. J. Purvis seal

Witness:
R. G. Church
J. A. Atkinson

State of North Carolina}
Anson County} The execution of the within instrument was this day proven before me by the oath and examination of J. A. Atkinson the subscribing witness thereto. Let the same with this certificate be registered. This the 10th day of February 1882.

John C. McLanchlin
CSC

State of North Carolina}
Anson County} February 10th 1882. Then the foregoing mortgage and certificate was registered in the Register's office of Anson County.

P. J. Coppedge, Register of Deeds

I have Trust Deeds executed by my Great Grandfather and Great Great Grandfather for many of the years between 1860-1887. They were primarily used to obtain seed and fertilizer in order to establish a crop for the year. Most were issued at a seven or eight percent interest per year.