Know all men by these presents that I J. M. Butler have this day bargained and sold and transferred and conveyed unto R. F. Keeton one gray horse about 15 hands high from 8 to 12 years old the only horse of this color that I own at present and my entire cotton crop the consideration herein after mentioned to have and to hold all my right title and claim to himself his heirs and assigns forever. I further covenant with the said R. F. Keeton that I am lawfully possessed of said property have a good right to convey it and that the same is unencumbered but this transfer is for the purpose or following purpose and no other or nothing else. That is to say that I am indebted to J. L. Jones due by acct. in a sum of $34.30 and am to get merchandise to an amount not to exceed $15.00 more and am desirous to secure said J. L. Jones in the payment of said sum due and whatever sum I may get from him not to exceed $15.00 more if I should pay said sums by the 15th of Nov next then this transfer is to be null and void but if I should fail to pay said R. F. Keeton sums due at said time 15th of Nov next then the said R. F. Keeton after giving 10 days notice in writing in public places in Decatur County Tennessee will expose said property to sale to the highest bidder for cash and apply the proceeds first to the payment of costs of said sale, secondly to the payment of debt incurred, lastly the balance to me if any this May the 28th, 1884. J. M. Butler
Personally appeared before me J. E. Dees clerk of the county court of said county J. M. Butler the within named bargain or with whom I am personally acquainted and acknowledged that he executed the within deed of trust for the purpose there in contained upon the day it bears date.
Witness my hand at office this July the 10th 1887.
J. E. Dees, Clerk