Supreme Court of North Carolina February 5, 1891 (Whitehead v. . Morrill)

ClaRK, J.:

By the terms of the mortgage from L. Y. Mor-rill to William Whitehead, it was provided that, upon default in the payment of any of the bonds at maturity, the property therein conveyed could be sold by the mortgagee, after advertisement at the court-house door, for cash or credit, and

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that the proceeds should be applied “ first to the costs and charges of drawing and executing this