HomeMy WebLinkAbout92-573Da+ec
He�'istmart day of
MORTGAGE
Tmm
TO
ZIm QZrnt R `'xonn QCO. OI (Fanab3.
` MACDONA , MARSH & O'M ARA,
Solinbr+.
wwame we,..
w TOAONTOuuw
mwmuae.ercxw,wenm�mw.. ru =nnu -�
PROVINCE OF ONTARIO. $,Q CI p!!An� MA
of the of pon nn.
County of in the County of &14R
To Wa: make oath and say:
ist. That I was personally present and did see the within Mort age and a duplicate thereof
duly signed, sealed and executed by ,r°,u.z—�
the partiesthereto.
2nd. That the said Mortgage and duplicate were executed at the 4'tz ) G�k—eq�—
.3rd. Thal I know the said parr
4th. That I ant a subscribing witness to the said Mortgage and Duplicate.
o � �
3mown before me at dhe of07 u�cU
Lit the Comntq ay
tl«'a of t X.D. Iasp
AW.,.,
c i5
made in duplicate lire
and eighty- 'A H
declared that Part II.
t'mi ra.�i day of .%/WG
5ursuance of the Act respecting
R.S.O. Cap. xoz is not to apply
getlueen
Q&zC— Q.s � ✓r'o-;t-
ht hundred
S; (it being
of the
6-t - of tiy� in the County of ®"�Uicd
in the Province of. ntario man of Canada, atr�, p� a/+Iiv�?xaise.
(hereinafter called lite Mortgagor ) of the FIRST PART
,,t
O,cEhe Qcnst mb Foan Tompang of Qanaha, (hereinafter called The Company) of the SECOND
PART: and.
1h.qa;-fPT,! .YLax;q g , of -the TF1/nD PART:
Whazae the said Mort agor � at the time of the execution hereof
— yt- — seized ofgan estate in fee simple in possessionsf the lands hereinafter mentioned.
ffou theeefoce Ws $nhenttue if[itnesoctle, that in consideration of
�ouni ��vus-aix� -
Dollars of lawful money of Canada, now lent by the Company unto the Mortgagor (the receipt
whereof is hereby acknowledged), the Mortgagor who conveys as beneficial, ner doth grant and
mortgage to The Company, their successors and assigns, forever, AU certain parcel
or tract of land and hereditaments situate in the ruww
in the County 5 %.Calla in the Provence of Ontario, Bing composed of
OLto .(a Cn'1, .0 n ��n/ H, a g_' /freoy d Cot eesuaw
oil Lz� 7ieA L4 " (2�4z CL'Q4nA �
Vrobibth this Mortgage to be void on payment of
Dollars in gold or its equivalent in lawful motley of Canada with interest at
per cent. as follows: The said principal suns of /Lo -i.,. <:..eC a[rCfan.o 6,- (tzz/leeo+ t
And interest front the date�zereo on the unpaid yrincipal at the va a o esaid, by e uaG
yearly payments, on the T4s'tayv of cyg,......e�..., and the Fwray o
in every year, until all the principal hereby° secure$ shall be yaid and satysfled, w er the same
shallha��y�en before or after default, such payment. to be made at the Office o the Company in the
City of Toronto, and taxes, and performance of statute labour, Without pveajudice to lite implied
covenants herein contained,
`dihe said Mortgagor covenants with The Company,
Z,hat the Mortgagor will pay the mortgage money and interest, and observe the above proviso.
Pkat the Mortgagor has a good title in fee simple to the said
lands.
,Aub that he hasthe right to convey the said lands to The Company.
g mb that on default The Company shall have quiet possession of the said lands, free from all
incumbrances.
Aub that the said Mortgagor will execute sack further assuranecs of the said lands as may
be requisite.
31nb that the said Mortgagor hasdone no act to encumber the said lands.
Aub that the aid M9rtgagov will insure the buildings on the said lands to the amount of
not less than }+��e
dollars currency.
Provided that Ol'he Company may themselves effect ,such insurance without any further consent
of the Mortgagor. -
,, �ub the said Mortgagor dotrelease to The. Company all �w claims upon the said lands
su gect to the said proviso.
Probabeh that The Company on default of payment for two calendar mouths, may on one
calendar month's notice, enter on andlease 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 placing the same on some portion thereof, of unseen so, or at the option of The
Company, 1r publishing the same once in some newspaper published in the said County of
Q �n.�an,�o 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 nzny b¢ry in or rescind or vary any contract for sale of axey of the said lands, and resell with-
out being answerable for any loss or deficiency occasioned thereby : And that no purchaser aE any
sale had in professed exercise of this power shall be boxw¢d or corvicerned to in
into the regi
I
axity or yropraety thereof, or to xngwvre whether any aefault has been made, or notice given, no
shall he e affected by notue or knowledge of arzy lack of default ov want or deftciency of notice
of sale, but t e vendors alone shall be responsible.
Vrobibeb, that The Company may distrain for arrears of interest.
I,@robibeb, that in default of the paymentof the interest hereby secured, the principal hereby
secured shall become payable at the option of The Company, and Mat upon the Mortgagor, or
those claiming under him, committing any act of waste upon the said lands, or making default
as to any of the GPtien ¢ r o It contained, the principal hereby secured shall, at
-the Own of The --am arty, eeome due cold pafable.
19rabibeb, that until default of payment (of which default the production of these presents shall
be prima f 'no evidence" the Mortgagor shall have quiet possession of the saxd laxuts, and
without predjud¢ee to The Company's right to immediate passessiorx on default, or to tke right
ofj subsequent mortgagees to take possession the Mortgagor doattov>t and became tenant to
he Company from year to year, at ¢ fza. early rental, a vsism ent to, applicable in satisfaction
of, and payable at the same txrnes as the interest hereenbefgne provided to be paid, it beir¢g agreed
that neither the existence of this clause nor anylhin done by virtue thereof, shall render The
Company mortgagees in possession, or accountable for any moneys except those actually received
by virtue tkereof.
Anb it is hereby agreed, that The Company may pay any liens, taxes, rates, charges or incum-
brances upon the saxd 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 �ro-
ceadings taken to realize the moneys hereby secured, shall be a charge on the said lands in
favour of The Company, and shall be payable forthwith, with interest at the rate of eight per
centum per annum until paid, and in default the power of sale hereby given shall be exercisable,
and that all interest by this Indenture secured, orr{{ becoming overdue (as to payment ofin
,tezest
�,.o
�,aim at the firstly mentione&rate) shall be tredted as principal money.
3lnb that neither the execution nor registration of these presents shall bind The Company to
advance the said moneys:
,A.nb 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 them, and without
thereby releasing any other of the said lands or any of the covenants herein contained.
Prabibeb 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.
U'�Vvj °aft �` cG hie lz al 7u 7
In Wattuss tolureuf; the said parties hereto have hereunto set their hands and seals the day and
year first above written. -
s r
pigiaD, 'SmlrD elibard in the paeeue of
xz
sa �
�e
— 3`z
I Certl✓ _ ._..,, e.<
Ins Ir"n; 6 i
Regisdncid
for ro .
30s To4n..az,¢G
uE/O
Number Oj 673 3