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the premises, proceed to sell by public auction, to the highest bidder, in front of the "Taylor House" in Eastville, on some court day, the tract or parcel of land, with the buildings and improvements thereon, in the bill and proceedings mentioned, upon the following terms, to wit: one fourth of the purchase money to be paid in cash on the day of sale with liberty to the purchaser to pay as much more on that day as he may desire, and the balance of the purchase money not paid on the day of sale to be divided into two equal instalments, payable in six and twelve months from the day of sale, with interest on the deferred instalments from the day of sale, to be secured by the separate bonds of the purchaser, with personal security thereto, to be approved by said special commissioner, and the title to be retained as additional security until the whole purchase money shall be paid, that the premises are to be at the risk of the purchaser from the time they are bid off by