Mote v. White Lake Lumber Co.

Deeds for standing timber convey a fee-simple interest in such timber, determinable as to all such timber as is not cut and removed within the time specified in the contract. Austin v. Brown, 191 N. C., 624.

In Timber Co. v. Wells, 171 N. C., 262, Justice Hoke, in discussing the nature and effect of extension clauses in timber deeds, says: “The cases on the subject are to the effect, further, that a stipulation of the kind now presented, providing for an extension of the time within which the timber must be cut, is in the nature of an option, and it is held by the great weight of authority…