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HomeMy WebLinkAbout92-592Dated —T,D— Cam' rt!p!�)e To secure ,$7*" qd per cent. Lands situate in tkeo.4p in the �Caunt Of Xn" Sold by Joseph Doust, Law eta ioner, 58 Adelaide .tree[ East, Toronto. NOT TO BE REGISTERED IN FULL. T� This name to be stric in fu no in' ials. f ntV of , of the in the ount of� t t occupation addition. To Wit: _ make oath and say: 1. ghat I was personally present and did see the within Instrument and Duplicate thereof duly signed, sealed and executed by the parties thereto 9. that the said In trument and Duplicate were executed the of in the Coun % ttp/ of l� 3. that I know the said / and that is over the full age of twenty-one years. 4. &hat I am a subscribing witness to the said Instrument and Duplicate. grvorn before in at the of in the of !h is day of in the year of our Lord 19k made in duplicate the nine hundred " �e#wceix clay of one thousand III C n ttrsu�ticr of t11r ` �*bort VOrnIS of �iorlgngr�� hereinafter called the Mortgagor of the FIRST PART and hereinafter called the Mortgagee of the SECOND PART and V the wife of the said Mortgagor of the THIRD PART W41er1ers the said Mortgagor seized in fee simple of the lands hereinafter described 7.t14 i�£x a 4ZC i�xS nbjent ne tIIV5-ttf� that in consideration of� Dollars of lawful money of Canada now paid by the said Mort agee to the said Mortgagor (the receipt whereof is hereby acknowledged) the said Mortgagor IDV-1K (6raut tlitbtorlgngr unto the said Mortgagee h2 heirs, executors, administrators and assigns for ever ALL AND SINGULA/R th certain parcel or tract.-; of land and premises situate, lying and being in / k;1 Z4 n/,� i 1 6 • the said party of the third part wife of the said Mortgagor hereby Bars her Dower in the said lands 'I 4,4A this Mortgage to be void on payment of� i Dollars of awful money of Canada with interest to be computed from tat: � per cent. per annum as follows: �2YV 7�4 eo.,� the s 'd rinci 1 sum on the day o e thousand nine hundred interest hwl�yearly on the day= of MV&in eac year until the principafull paid (as well after trs�before rrfatur$r_).�fi payment of interest to be made on the day of next 09f&V ) arrears of both principal and interest to bear interest at the rate above mentioned and such interest on arre s to be a charge on he land in the same manner as all other moneys hereby secured. The said several payments of principal and interest to be made in gold if required. And taxes and performance of Statute Labor. 91l a said Mortgagor covenant4 with the said Mortgagee that the Mortgagor will pay the mortgage money and interest and observe the above proviso. That the Mortgagor ha/Z a good title in fee simple to the said lands. And that he ha Z the right to convey the said lands to the said Mortgagee. And that on default the Mortgagee shall have quiet possession of the said lands free from all encumbrances. And that the said Mortgagor will execute such further assurances of the said lands as may' be requisite. And that the said Mortgagor ha/Z done no act to c Cr the said ds. nd the said Mortgagor will insure the buildings on the said lands to the amount of not less t an t e 1 dollars currency. Provided that if and whenever such sum be greater than the insurable valuelf the buildings such insurance shall not be required to any greater dktent than such insurable value, and if and whenever the same shall be less than the insurable value the Mortgagee hA% executor's, administrators or assigns may require such insurance to the full insurable value. And (without prejudice to the foregoing statutory clause) it is further agreed that the Mortgagee h A-j-executors administrators or assigns may require any insurance of the said buildings to be cancelled and a new insurance effected in an office to be named by him or them and also may of his and their own accord effect or maintain any insurance herein provided for and any amount paid by him or them threfore shall be forthwith payable to him and them with interest at the rate aforesaid by the Mortgagor h.a,t heirs, executors, administrators and II ji assigns and shall be a charge upon the land. I " IAvib the said Mortgagor da-24 release to the s id Tlortgag 11 claims upon the said lands. Subject II to the said proviso. The said Mortgagor for —Ai-9 f heirs, executors, administrators and assigns executors, administrators and assigns that he and they will keep the said covenant /� with the said Mortgagee lr t%t 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,.:. 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 &-ZL executors, administrators or assigns forthwith become due and payble and in default of payment the powers of sale hereby given may be exercised. ,AItib the Mortgagee h A*L heirs, executors, administrators and assigns may from time to time make such repairs as they may deem requisite or proper and the amount thereof shall be added to the principal and bear interest at the said rate and shall be forthwith payable. Jr,oltuliitk eb that the said Mortgagee on default of payment for Q**� month may on 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 maybe varied or rescinded. And also that the said Mortgagee h executors, administrators 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. J)rvbibtb that the Mortgagee may distrian for arrears of interest. Provided that the Mortgagee may distrian 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. Probiatb that 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 effected 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 for any abortive sale shall become a charge upon the lands, and the Mortgagee may tack them to the mortgage debt. 4)rabib2b that the purchaser shall in no case be bound to ascertain that the default has happened under which the 'Mortgagee It heirs, executors, administrators or assigns claim to lease or sell and that the remedy of the Moatgagor h,t-;C heirs, executors, administrators or assigns shall be in damage only, and the sale under the said power shall not be effected. � robibeb that until default of payment the Mortgagor shall have quiet possession of the said lands. ,Attb the Mortgagor hereby attorn 4 to the Mortgagee and become 4. tenant of the said lands during the term of this mortgage at a rent equivalent to and payable at the same days and times as the payments of interest are hereinbefore agreed to be paid, such rent when so paid to be in satisfaction of such payments of interest. Provided the Mortgagee may in default of payment or breach of any of the covenants hereinbefore contained, enter an the said lands and determine the -tenancy hereby created -,,,. °- without notice. Ji is Aorreb that the Mortgagee h L� executors, administrators or assigns may satisfy any charge now or hearafter existing or to arise or be claimed upon the said lands and the amount so paid shall be added to the debt hereby secured and bear interest at the same rate and shall be forthwith payable by the Mortgagor It al, heirs, executors, administrators or assigns to the Mortgagee h,.� executors, administrators and assigns and in default of payment the principal sum hereby secured shall become payable and the powers of sale hereby given may be exercised forthwith without any notice. And in the event of the Mortgagee It executors, administrators or assigns satisfying any such charge or claim either out of the money advanced on this security or otherwise he and they shall be entitled to all the equities and securities of the person or persons so paid off, and are hereby authorized to retain any discharge thereof without registration for a longer period than six months if they think fit to do so. ,Attb it is 8grt?b anb berlartb that every part or lot into which the mortgaged lands are or may hereafter be devided does and shall stand charged with the whole of the moneys hereby secured and no person shall have any right to require the mortgage moneys to be apportioned upon or in respect of any such parts or lots and the Mortgagee h,k�, executors, administrators and assigns may discharge any part or parts from time to time of the mortgaged land for such consideration as he or they shall think proper or without consideration if he or they see fit and no such discharge shall diminish or prejudice this security as against the lands remaining undischarged or as against any person whomsoever. Anb also it is Agre9b that if the said principal or any part thereof be not paid at maturity the Mortgagor h �r 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 executors administrators or assigns, or upon the payment of three months' interest in lieu of such notice. A41� A44LYZ OC7,� � A-7 �/ tle y C ZXe altl� In 3M1+,tnjessJV4erCl0[f the said parties have hereunto set their hands and seals. ltb imb I libtrtb l PRESENCE OF I d over and explained to the ; wife, both of whom appeared i its contents. I Sountu off of the vt �t�i' ` in the TO WIT: Count of ti o air. w � ;So S;0jiemjjjV 3j2ztvtr* that I was at the time of � e ution by n� o�th � illbiu Instrument, unmarried. And I make this solemn declaration cozascierrtio l Felez i i o _4 toe t4rd�kn ina that it of the same force and effect as if made under oath and by virtue of the Can i4ce et, 89, . cc � r► 19PLlareb before me at the of r �. in the b" f � Ey this day of r o A Commissioner, F-c.