Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-03-15
FORM or THE MORTGAGE.

SEC. "a. /, A. b., Of the county Of, Ia the
State of Indiana for the Of there describe the nd
Of pheh ;hs foam Is aade) mortgage all (Aere de-
scribe the iaRd) for the payment of - dollars i'll
interest at the rate OF per cent per annum aya-
bic annually in advance according IL the conditions
the note hereto anneyed.
SEc. IS. The note accompanying the same may he in
substance as follows, To wit:
l, A. B., promise pay State Of Indiana e.,
the here rsc'fe rae particular JaHd) or belort
the e., the sum of--d0llars, with the Interest
thereon, AT the rate of per cent per annum
vance, commencing, on the day Of. Is
and do agree that in of failure pay insiame ri
Of said interest when the shall be due the prnspa
sum shall become due and payable, together with al
Of interest; and failure pay such prncpa
or Interest when due, two per cent. damages shall b,
collected, with costs. and the premises morgaged ma,
b. forthwith sold By The county auditor for the
OF such principal sum, interest, damages and costs.
SIC. 40. On making loan Of any fund. the audit0
shall draw his warrant in favor Of the borrower upol
the county treasurer, who shall charge prope
fund.
SEc. a.. All loans refunded, and all interest shall b,
paid Ia the county treasurer and his receipt shall be es
with the county auditor who shall give the payer aue
tns therefor, and make the proper entries.
SEc. ~. Whenever the amount due on any norxag,
shall be paid, and the reasnrcr's receipt therefor died
the auditor shall endorse the note and mortgage, tina
the same have been fully satisfied and
the person entitled thereto and the production
the same thus endor-d the recorder shall enter stsIc
ton upon the record.
SEC. 80. When the interest or PRINCIPAL Of any sucl
loan shall become due, and remain unpaid the andiio
shall proceed Ia collect the by sui the
by sale of the m"rgsse premises, both, at his option
he may also by suit recover possession h,. mongage
premises before sale thereof.
SIC. 30. la Of suit nn the nale anal Iusgmen
thereon no appraisemeni of property shall e allowed
$40. 81 Before sale of mortgagcd premises. the audi
Tor shall advertise Ia. an newspaper publishes
ia the county where The land lies. be-
wise ia paper in The State thereto. tire
weeks successfully, and also 10y notices sci up al th
house door, aud in three public places ia the town
ship in which the land lies.
SEc -. At such sale, which shall be held AT the couI
house door, the auditor shall sell mach of the NOR
gagged premises, the highest bidder for cash. as wi
pay the amount due for principal, interest," damages
| costs
SIC 20. In Of no bid for the amount due the az
dOr shall bid IN the same, account Of the fund, an
thereafter may be- shall sell the same. la vim
first caused Il Ia lie appraised by the trustees
credit of i've years. interest at per cent. ps
annum, being payable annually In advance hut no sue
sale shall b. for less sam, than the appraised yalu
thereof.
SIC. 81 Lands heretofore bought in ON account of N
fund, which have been appraised, shall be sold in IN
manner.
SIC. a. Upon full pay being made for such land
the deeds therefor shall be executed by the comfy aud
tor and shall be- entered in records of the board
county commissioners before delivery
SEc. e6. At the public sale the court house door pr
vded for in this act. the county rer shall
and make statement OF such sales, which shall be sign
By the auditor and treasurer, and aer being recorded
the auditors Office shall be filed in the treasurers oic
and such record. copy thereof auhe ntieatei hy
auditor certcate shall received az e,
: denee OF the matters therein contained.