The URL can be used to link to this page

Home My WebLink About92-585Dated, H � i 89 �r; TO IJ�V •�1�II��•�I• mortgage A"� - KERR, MACDONALD, DAVIDSON & PATERSON Solicitors, etc., T��ORONTO V 11(U r'/ � &4le�. BROUGH PRINTING CO., TORONTO County of ONTARIO, of the of in the County of �G2h-gyp ,�/J� n � (Occupation) 'Co 'Wit : J make oath and say ist. That I was personally present and did see the within Mortgage du licate thereof duly signed, sealed and executed b o4 l� �> of the parties thereto and. That the said Mortgage and Duplicate were executed at the C' S iLrZ 3rd. That I well know the said part �r! and know the said part tom, to be over the age of twenty-one years. 4th. That I am a subscribing witness to the said Mortgage and Duplicate Sworn before me at"19.4 4 the County of � / nA this j Z 4j5_dq' of TG A.D. i89 !? made in duplicate the c,0 I day of U/ one thousand eight hundred and ninety in pursuance of the Act respecting Short forms of Mortgages, and Chapter Revised Statutes of Ontario, - J V7. Vetween (42 (hereinafter called the Mortgagor ) of the FIRST PART (hereinafter called the Mortgagee,,S) of the SECOND PART and wife of the said Mortgagor, of the THIRD PART. Witnesseth, that in consideration of e �scr Dollars, of lawful money of Canada, now paid by the Mortgagee S to the Mortgagor (the rece. t whereof is hereby acknowledged) the Mortgagor (who conveySas beneficial owner ). Do'Z grant and mortgage unto the Mortgagees and assigns forever, WL ano zingULar, ce tai acoposed s or tracts' of land and premises situate, lying, and being in the ee"44) of in the County of 0,n� _ and Province of Ontario, being of %- 07 �v�%i�t�r¢--�o-►ti� �e,��=��-v-�-A��-o,�;�,�/J� 3/� c��uo�v�� ,�cP-o ��u�rr-a �v fke/�'� -a� iG�,�c>/ cG��a�.� jf�•�-�'�v��i32� r3 3, �Lf its, 7t3 Qs s/ Ste, �� is '7 _ // It "o.��s.✓e��,o ,hv. u/ �.�e+.�,.�,.,/G��6G�eo�:.a.� �u��oi� ,�..s�,��r�►.eao �� ewe ulna the said party of the Third Part hereby bars her $Dower in the said Lands. Proviaea, this Mortgage to be void on payment at the Office of the Mortgagee, in the IiCity of Toronto, of qyiuz lto,�e Dollars in gold or its equivalent of lawful money of Canada, with interest on the same at the rate of / 'p/ercent'urn per annum, as follows, that is t-o, say: 19 & I— with interest, to be computed from the date hereof at the rate of (?_YeI;C per cent. per annum, to be paid Xlay yearly on each &p day of and �e-ke4- Gwly after the date hereof on so much pri p 1 money hereby secured as shall from time to time remain unpaid, after, as well as before maturity, till the whole of the said principal is paid, and Taxes, and performance of Statute Labor; (the first of such instalments of interest to become due and payable on the cyvr� day of AAnC4U9, )• provoeb that all interest remaining unpaid after the same becomes due shall become principal and bear interest at the rate aforesaid both before and after maturity of this Mortgage. And the said Mortgagor covenants with the said Mortgagees that in the event of non-payment of the said principal moneys at the time or times above provided, then the Mortgagor shall not require the said Mortgagee Sto accept payment of said principal moneys without first giving six months' previous notice in writing, or without paying in lieu thereof a bonus equal to three months' in- terest in advance on the said principal moneys. The Mortgagor covenantSwith the Mortgagees that the Mortgagor will pay the Mortgage money and interest and observe the above provisoes. ulna that the said M rtgag r will insure the buildings on the said lands to the amount of not less than dollars. Etna the Mortgagor do �elease to the Mortgagee.X all 1ip w4 claims upon the said lands, subject to the said proviso. Provibeb that the MortgageeSon default of payment for one month, may, on one month's notice, enter on and lease or sell the said lands. vrovfbea always and it is hereby agreed, that if default be made for two months in payment of either principal or interest, the Mortgagees may, without any entry, exercise the above power to lease or sell without any notice-OaAkoc.WA&WQr . provibeb that any sale under this Mortgage may be either by public auction or private sale, and either for cash or on credit, or part cash and part credit, and at any sale the whole or any part or parts of the said lands may be sold, and special conditions as to title, terms of pay- ment of purchase money, or otherwise, may be used as the Mortgagees may desire. vrovibea that the Mortgagees may vary or rescind any contract of sale made by virtue of such power, and may buy in and re -sell the said lands, or any part thereof, on the terms and conditions in last mentioned proviso, without being responsible for any loss or deficiency for or on account of such re -sale, (and that no purchaser under such power shall be bound to inquire into the legality or regularity of any sale made or purporting to be made under the said power, or to see to the application of the purchase money), and notwithstanding any impropriety or irregularity in any sale or re -sale, the same shall, as regards the protection of the pur- chaser, be taken to be within the power and to vest the lands in any such purchaser. f)rovtbea that the MortgageeSmay distrain for arrears of interest. 1provibea that in default of the payment of the interest hereby secured, the principal hereby secured shall become payable. 110 it is hereby agreed between the parties hereto, that the MortgageeSmay pay all premiums of insurance, and all taxes and rates, which shall, from time to time, fall due, and be unpaid in respect of the mortgaged premises, and such payments, together with all costs, charges, and expenses (between solicitor and client), which may be incurred in taking, recovering, and keeping possession of the said lands, and generally in any other proceedings taken to realize this security, shall be, with interest at the said rate per annum, a charge on the said lands in favor of the Mortgagees, and shall also be payable forthwith to the Mortgagees by the Mort- gagor , and that in case the Mortgagees satisfy any charge or encumbrance on the said lands,• the amount paid in respect thereof shall be payable forthwith by the Mortgagor , with interest at the rate aforesaid, and in default the power of sale hereby given shall be exercisable. And that the Mortgagor will exhibit to and leave with the Mortgagee's the receipt for taxes upon the property mortgaged herein, immediately after the payment thereof, in each and every year during the continuance of this Mortgage. And that neither the execution nor registration of this Mortgage shall bind the Mortgagee�S to advance the said moneys or any unadvanced portion thereof. jDrovtaea also that the Mortgagee Smay release any parts of the said lands at any time at their discretion, either with or without any consideration therefor, without responsibility therefor, and without thereby releasing any other part of the said lands, or any other person from this Mortgage, or from any of the covenants herein contained. f rovtUb that for the purpose of better securing the punctual payment of the interest of the said principal sum, the Mortgagor do fk attorn to and become tenant at will to the Mort- gagee S at an annual rental equivalent to the interest hereby secured, payable on the days and times hereinbefore appointed for payment of interest, but all rent paid hereunder shall be taken as payment pro tanto of interest. The Mortgagor covenana with the MortgageeSas follows: that the Mortgagor will repair and maintain the buildings on the said lands and preserve the same from waste, and in default the moneys hereby secured shall become payable and the powers of sale hereinbefore set forth may be exercised. E111a that the said MortgageeS may enter on the said lands grid view the state of repair, and make all necessary repairs to the said buildings, and all moneys expended, and all costs and charges connected therewith, shall bear interest at the rate aforesaid, and shall be forthwith payable by the Mortgagor to the Mortgagees, and shall be a charge on the said lands under this Mortgage. It is agreed between the parties hereto that all covenants and provisoes hereinbaf*ft con- tained shall include, extend to, and bind the heirs, executors, administrators, successors, and assigns, of both parties.00 'in Witness Whereof the parties hereto have hereunto set their Hands and Seals the day and year above written. signed, healed, and Del 'On the presence of (lia%ing bwn first read and explained.) F �7 'In ' -, for the Cw;�t!y of Ontario I'a Bo,)4 Noofor the at /a ociock 2 minuIesa(>, tits dayO14-`Q'� A,,D, idW r4", /6 17 T- See Certificate purporting to it &S .charge Signed by And see Registry ium'ber/65-49 of such Certificate Book�7C t'4>- cll� I JV,-