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HomeMy WebLinkAbout92-556Dated' V / fvLy ofX Reg. oTod day q 188 MORTGAGE mom SO Zht Vxmf & Wean To. of TaaaDa D. C1�.H7 MARBH-&-B�AIIA, sdiiwY u�a.xmnonrv. •,•m• sA. PP.OVINCE OF ONTARIO. 11, f theof �C4uiGG- County of + in theCounty of TO Wn -- make oath and say ist. That I was personally. present and did see the within Mortgage a d a duplicate thereof duly signed, sealed and executed by. Q�� ti A4A4 a_ ram- the partzes thereto. and. That the saiz�Mwtgage and duel nate were executed at the 2y°�s�e 3rd. That I know the said parties. 4th. That I an? a subscribing witness to the said Mortgage and Duplicate. 9wmn.e•e me at Ri s County off in da of made in duplicate the�--Q-G- day of -- one thousand eight hundred and eegJN.y-`w��.e en pursuance of the Act specting Short Forms of Mortgages, (it being declared that Part 17. of R.S.O. Cap. 102 is not to apply hereto). �ekmeen p of the of ain the Cownty of �Lu ,a in the Province of Ontrio and Dominion of Canada,.,G- a" (hereinafter (hereinafter called the Mortgagor ) of the FIRST PART: `ghe'lt mO anb lCoan �£ampang of (Zanaha, (hereinafter called The Company) of the SECOND PART: and flfthexeas the said Mortgagor a at the time of the execution hereof --� — seized of an estate in fee simple in possession„a the lands hereinafter mentioned. #ats f urdote this Inbenfuet Mtneaseth, thatin consideration of/� Dollars of lawful money of Canada, now lent by the Company unto the Mortgagor. (the receipt wlaereof is hereby acknowledged), the Mortgagor who conveys as beneficudgu mer doth grant aazd mortgage to The Com any, their successors and assi - forever, U certain parcel or tract of land and hereditaments situate in the ��W..J GG" in the County ' j c:o in thee Province o Ontario, being ca osed of a -a '..a . Vxubtbzb this Mortgage to be void on payment of'.ura /Czou-�,a:u.�' n Dolton is gold its equivalent in lawful money f Cann a, zvitlz interest at r cued -e Percent. as follows: The said principal sunt o}�u-p s� And inaterest from the d ereo on lie unpaid principal at the �e a oresai by equal ' .yearly payments, on the�Flred ov of _ and the e a o avx every year, until all the prinbipaevebys ure2l shaLZ be paid anatufi evh her the same shall hapyen before or after defaalt, such payment to be made at the Office of the Company in the City of Toronto, and taxes, and performance of statute labour, "thout tredjudice to the implied covenants herein contained. `uZhe said Mortgagor covenants with The Company, Oat the Mortgagor will pay the mortgage money and interest, and observe the above proviso. Zhat the Mortgagor h lands. aft a goad title in fee simple to the said glnb that he hoe the right to convey the said lands to The Company. ,Iub that on default The Company shall have quiet possession of the said lands, free front all incumbrances. - Anb that the said Mortgagor will execute such further assurances of the said leads as may be requisite. 1nb that the said Mortgagor had done no act to encumber the said lands. Aub that the say'd Mor gor wall insure the buildings on the said lands to the amount of not less than dollars currency. Provided that The Company may themselves effect such insurance without any further consent of the Mortgagor. ,10 the said Mortgagor dodrelease to The Company all claims upon the said lands subject to the said proviso. }9ecbibeb that The Company on default of payment for two calendar months, may on one calendar month's notice, enter on and lease or sell the said lands: And that such notice may be effectually given, either by leaving the same with a grown up person on the mortgaged premises, if occupied, or by placingthe same on some portion thereof, if unoccujnied, or at the option of The Company, 1� fimnsshing the same once in some neevspaper"publis at in the said County of �ivus . And that on suchdefault for three calendar months The Company may without any notice whatever, exercise the said power to enter on and lease or sell the said lands : And that The Company or their assigns may sell any of the said lands on such terms as to credit and otherwise, and for such prices and with such conditions of sale and stipulations as to title or evidence, or commencement of title or otherwise, as they shall in their discretion deem proper: And may lay in or rescind or vary any contract for sale of any of the said lands, and resell with- out being answerable for any loss or deficiency occasioned thereby : And that no purchaser at any sale had in professed exercise of this power shall be bound -or concerned to inquire into the regxu- larity orppropriety thereof, or to inquire whether any default has been made, or notice given, nor shall he be agected by notice or knowledge of any lack of default or want or deficiency of notice of sale, but tate vendors alone shall be responsible. Frobibeb, that The Company may distrain for arrears of interest. Vrobibcb, that in default of the paymento the interest hereby secured, the principal hereby secured shall become payable at the optum offThe Company, and that upon the Mortgagor, or those claiming under him, committing any act of waste upon lite said lands, or snaking default as tqany of this o ena o_ vim¢ s herein contained, the principal hereby secured shall, at the -Option 'b n any or wiiflt become due and payable. Vrobibeb, that until default of payment (of which defaall the produclioo of these presents shall be prima facie evidence)), the Mortgagor shall have quiet possession of the said lands, and without predjudice to The Company's right to iinnaediate possession on default, or to the right ofj subsequent mortgagees to take posses on the Mortgagor doXattorn and become tenant to the Company from year to year, at a yearly rental, equivalent to, applicable in satisfaction of, and payable at the same tames as the interest hereinbefore provided to be paid, it being agreed tltaE neither the existence of this clause nor anything� done by virtue thereof, shall render The Company mortgagees in possession, or accountable jor any moneys except those actually received by virtue thereof. nD it is hereby agreed, that The Company may pay any Liens, taxes, rates, charges orincum- brarues upon the said lands and any moneys for insurance, and the amount so paid, together with all costs; charges and expenses which may be incurred in taking, recovering and keeping possession of said lands, or in inspecting or protecting the same, and generally in any other yro- ceedings taken to realize the moneys hereby secured, shall be a charge on the said lands in favour of The Company, and skull be payable forthwith, with interest at the rate of eight per centum per annum until paid, and in default the poaver of sale hereby given shall be exercisable, and that all interest b this Indenture secured, on becoming overdue (as to payment of interest PiVned rate) shall be treated as principal money. - "`�-- '"knb that neither the execution nor registration of these presents shall bind The Company to advance the said moneys Aub that The Company may at their discretion at all times release any parts of the said lands, or any other security for the moneys hereby secured, either with or without any considera- tion therefor and without being accountable to the Mortgagor, or any person claiming under him, for the value thereof or for any moneys except those actually received by thein, and without thereby releasing any other of the said lands or any of the covenants herein contained. ,fid'robibrb that in the event of non-payment of the said principal moneys at the time or times above provided The Company or their assigns shall not be required to accept payment of said principal moneys without first receiving six months' previous notice in writing or without being paid a bonus equal to three months' interest in advance on the said principal moneys. t/.�.a*M-o(za(- 0't^ -i q'�'- ✓ �/ �` .c�� ��..-t f� .tn�.ii:��c o-.� l� ,e,�--uQ in witness lohcocof, the said parties hereto have hereanno set their hands and seals the day and year first above written. F3. yi9na, 5uleb nib pelinevvb in tht Acescn c of of tae e4§ s g 3 �nD sn the Dasear at n RS of the ! Cm47y that the mithin Instrament is duty v,iored and Registered in the /4giRlry Offiee for the Cunn(y of Ontario - BooA 3/xfn. the 7m Yhyo C at to ocloch / + mina; u Q m f the .3�'dav f/Qr'CA, A. D. ref/, xnme.rJsGsC.