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Home My WebLink About92-582/9C 92-58,2- Dated —fU— MoR7c�RGE To secure Newsome & Co., Law Stationers, Toronto. i Lill �, iA �b�-- 1Vot to be registered vra ;full SoU ors for Mort DOW & MCGILLIVRAY, BARRISTERS, SOLICITORS &o. WHITBY, - - - ONT. Qttu"v 01 " his name to be strictl *n full, no Initials. of in the County of 4occupation qrj;edition. / make oath and say lat. THAT I wa =)personally presexa/nd did see the within instrument and a duplicate thereof duly signed sealed and executed by/ of the parties thereto. 2nd. THAT the said Instrument and Duplicate were so executed at the !� of in the County of 8rd. THAT I know the said part _.2� 4th. THAT I am a subscribing witness to the said Instrument and Duplicate ,#wortt Wore me at the �1- ;?/ Of in the County of this i6 day of 18q / A Commissioner, &c. Newsome & Co-. Lam 8tationera. Toronto I-H, "CH, made in duplicate the,-'�o y ' day of 0,!/ one thousand eight hundred and ninety- q ursn�ance of tiiq ct re�pe ting short 'orw v�f 0rt807gO �C�1U�C%C U hereinafter called the Mortgagor of the FIRST PART hereinafter called the Mortgagee of the SECOND PART AND wife of the said Mortgagor, of the THIRD PkRT : jx11t00dh that in consideration of ( — Dollars of lawful money of Canada now paid by the said Mortgagee to the said Mortgagor (the receipt whereof is hereby acknowledged) The said Mortgagor (,6xitZ1X and Wortgage unto the said Mortgagee Z,, heirs, executors, administrators and assigns forever. 411 Aud jW 14V th obi certain parcel or tracts of land nd premises situate, lying and being in the of z in the County of and Province of Ont and BEING COMPOSED of dud the said ? Z�>Z7-71 r/ ��//�Ct� wife of the said Mortgagor hereby bars her dower in lands. And agrees with the said Mortgagee h)heirs, executors, administrators and assigns, that the said Mortgage Debt and Lands may be dealt with in all respects as if she were solely principally liable. Provided this Mortgage to be void on payment of Dollars in Gold or its equivalent of lawful money of Canada, with interest to be computed from the date hereof at per cent. per annum as follows : together with interest at t e rate aforesaid_on all princi moneys fro time to time remaining aid payable 1- early on every �r7✓Z/ day of /-P/li' and until the whole of the moneys herew secured shall hair&beengfully paid and�Wisfie, the first f such paymen s of interest to become due and be paid on the day of V h Z �p �/(� nest after the date hereof; and upon pay ent of interest on all interest in arrear, as hereinafter provided ; And taxes and performance of Statute labor. he said Fortgagor 6OUOW0 with the said Mortgagee THAT the Mortgagor will pay the Mortgage money and interest, and observe the above proviso. THAT the Mortgagor has a good title in fee simple to the said lands : AND that he has the right to convey the said lands to the Mortgagee AND that on default the Mortgagee shall have quiet possession of the said lands free from all incumbrances. AND that the said Mortgagor will execute such further assurances of the said lands as may be requisite. AND that the said Mortgagor ha S done no act to incumber the said lands. jqd that the said Mortgagor will insure the buildings on the said lands to the amount of not less than dollars currenc and PROVIDED that the Mortgagee ma y�y insure the same to the amount of the insurable va ue thereof without reference to the Mortgagor , in an Insurance Company to be selected by the Mortgagee , and that any moneys paid by the Mortgagee in respect thereof shall thereupon become part of the principal money and an additional charge upon the said lands, and be forthwith due and payable. PROVIDED also that the whole duty of paying the renewal premiums of the policy or policies issued under the preceding provisions and seeing to them shall rest and remain with the Mortgagor , and no liability or duty is to be placed upon or lie with the Mortgagee to pay the said renewal premiums or keep said insurance alive, or notify the Mortgagor as to same, or do anything in connection therewith. 49"nd the said Mortgagor do Z,¢�,release to the said Mortgagee all claims upon the said lands subject to the said proviso. Provided that the said Mortgagee on default of payment for one month may on giving one month's notice enter on and lease or sell the said lands. And provided also that in case default be made in payment of either principal or interest for three months after any payment of either falls due the said powers of entering and leasing or selling or any of them may be acted upon without any notice. And also that any contract of sale made under the said power may be varied or rescinded. And also that the said Mortgagee executors, administators or assigns may buy in and resell the said lands or any part thereof without being responsible for any loss or deficiency on resale or expense thereby incurred. Provided that any such sale may be either by public auction or private sale and either for cash or on credit or part cash and part credit and at such sale the whole or any part or parts of the said lands may be sold. Provided that the hereinbefore mentioned notice of exercise of power of sale or lease, or either, may be effectually given either by leaving the same with a grown-up person on the mortgaged premises, if occupied, or placing the same on some portion thereof, if unoccupied, or at the option of the said Mortgagee by publishing the same twice in some newspaper published in the County in which the said lands are situate, and that such notice shall be sufficient though not addressed to any person or persons by name or designation and notwithstanding any person or persons to be affected thereby may be unknown, unascertained, or under disability, and on any sale time for payment may be given and special conditions may be made, and the costs of any abortive sale shall become a charge upon the lands, and the Mortgagee may tack them to the Mortgage debt. Movided that the purchaser shall in no case be bound to ascertain that the default has happened under which the Mortgagee h_-,V heirs, executors, administrators and assigns claim to lease or sell, or that notice has been given, or to enquire into the legality or regularity of any such sale, but the remedy of the Mortgagor h heirs, executors, administrators or assigns shall be in damages only, and the sale under the said power shall not be affected by any want of default or of notice or otherwise. Jnd the Mortgagor do 14 for �� , �i�i1J heirs, executors, administrators and assigns attorn to and become tenant at will to the Mortgage until the whole amount of principal, interest and other moneys secured by this Mortgage shall be fully paid and satisfied, at a rental equal to and payable on the days and times on which any instalment of principal or interest shall become due by virtue of the proviso bereinbefore contained. firovidgd that the Mortgagee may distrain for arrears of interest in all respects as a landlord in Ontario under a tenancy created prior to October 1st, 1887, might have done. Provided that the Mortgagee may distrain for arrears of principal in the same manner as if the same were arrears of interest. Provided that in default of the payment of the interest hereby secured the principal hereby secured shall become payable. provided that until default of payment the Mortgagor shall have quiet possession of the said lands. Jnd it is hereby agreed between the parties hereto, that the Mortgagee may pay all taxes and rates and charges which shall, from time to time, fall due and be unpaid, in respect of the mortgaged premises, and charge such pay- ments, with interest at the rate aforesaid, on the mortgaged premises, and that, in case the Mortgagee shall satisfy any charge on the lands, the amount paid in respect thereof shall be payable forthwith with interest at the rate aforesaid, and in default the power of sale hereby given shall be exercisable, and in the event of the money hereby advanced or any part thereof being applied to the payment of any charge or encumbrance, the Mortgagee shall stand in the position and be entitled to all the equities of the person or persons so paid off. Eke said Mortgagor heirs, executors, administrators and assigns, covenants with the said Mortgagee h executors, administrators and assigns, that he and they will keep the said lands and the buildings and improvements thereon in good condition and repair according to the nature and description thereof respectively and that in case of neglect to do so or if the Mortgagor or those claiming under h >iy� commit any act of waste on the said lands or make default as to any of the covenants or provisoes herein contained the principal hereby secured shall at the option of the Mortgagee h executors, administrators or assigns forth- with become due and payable, and in default of payment the powers of sale hereby given may be exercised. 'mnd also it is agreed that if the said principal or any part thereof be not paid at maturity the Mortgagor heirs, executors, administrators or assigns shall not be at liberty to pay the same except after three months' notice in writing to the Mortgagee h__e/1� executors, administrators or assigns, or upon the payment of three months' interest in lieu of such notice. Provided also that all interest in arrear shall become principal and bear interest at the rate aforesaid till paid, and shall be a charge upon the said lands. j%h¢ Mortgagor agrees that neither the execution nor registration of this Mortgage shall bind the Mortgagee to advance the moneys hereby secured. a 7 ct/� C'� �"(X ct, CY q- A ct xQQQ the said parties hereto have hereunto set their hands and seals. igned, Vrakd and fflefivered IN THE PRESENCE OF Having been first read over and explained to the Mortgagor and his wife, both of whom appeared fully to understand its contents. 9na:� t�' Pam rP�� • that the IRA, Mstrunteat is dolt' entered arid 'Registered in the L",q"Nlr.q pr tAg count", 5-2 fow I 12- 23 (o &vat J.4-