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THIRD.

As soon as the sale of said bank stock is made and the
amount derived therefrom definitely ascertained, said Philip
Percy Parrish shall execute and deliver to said attorneys
his bond in an amount equal to the difference between the
net sum received by them for said bank stock and fifty thousand
dollars ($50,000.00). Said bond shall bear date as of its
delivery and be payable to said Rector and Visitors of the
University of Virginia, at the Peoples National Bank of
Charlottesville, Virginia, on or before the date of death of
the said Philip Percy Parrish, with the right of the obligor
of anticipating payment in whole or in part, shall bear
interest at the rate of six per cent (6%) per annum, said
interest to be paid semi-annually, contain a waiver of the
homestead exemption and be secured by a deed of trust constituting
a first lien upon all of the real estate owned by said
Philip Percy Parrish and situated in the town of Covington
and County of Alleghany, Virginia, said deed to be drawn
in such form as to be acceptable to said University.