The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1883-06-15
~MIDDIEBURY.
TERMS-SI5 to warrant; $40 for the
season; So for single leap.
Aurora Co.., Dakota.
REAL ESTATE AND MORTGAGE
LOANS.

lIE corporaiio %T' ii large or '"s small psn'G sam "'% and
loan ii TO Trustworthy parties, taking notes
secur ed by mortgages on farm lands worth
at least double the amount loaned exclusive of
buildings, in the name OF the party furnishing the
funds, for one to hNe years at ten per cent, inter
est, payable annually nj the office of the lender
We will collect the interest and remit promptly
nine tenths OF the same. This will net the lender
nine per cent. interest and insure prompt collec-
tions. \ printed application for the money will
be filed out and signed by the applicant. showing
the quality, legal description, location and condi
ton of the lands and their actual valuation. The
application will also SHOW the financial condition
OF the applicant and his ability to pay the interest
and debt when due, An abstract of title will be-
furnished with each loan, showing good title to
the land offered rs security to be in the applicants
name aud free from incumbrance by unpaid taxes,
liens, judgments or other mortgages. All the re
quisite papers will be prepared and recordedsyith-
out expense to the lender and no money will be
paid over TO the borrower until the mortgages
recorded, the abstract procured, examined by Il
careful and competent attorney and found salts
factory, When the transactions are completed
and the money paid over TO the borrower the note,
mortgage and abstract will be forwarded to the
party loaning the money. If preferred the appli-
cation will be sent before the money is forwarded
to us.
The advantages of this method are that the
agent has IA small pecuniary interest in each year
" payment of interest, and will be careful 10 put
the money out To good and safe parties and will
be sure to make prompt collection and remittance
of interest to the mortgage i'll order that the
agency may be permanent and remuneratiNe.
L Agents VINO nhNt III pttunliIN lnltItcl III int
collection of interest are apt TO think their re-
| sponsibility ceases when the loan is made and the
papers returned to thief mortgage. This should
not be the case, for a loan wants looking after, to
see that the taxes are paid ON the land and that
the premises are not perINtted te run TO wastc
and decrease in value. The small pecuniary in
| terest of the agent in the annual collections will
remunerate him for looking after the land until il
is paid and the money returned to the lender. The
experience of lenders and agents demonstrates
the wisdom and justice of this plan. We would
be- pleased to take money in sums of $3.50 or over.
and will invest the same in loans of $3.50 to $500
each, upon single quarter section (l6O acres) in
Aurora county and near il, each quarter 10 be
worth, exclusive of buildings, AT least double the
amount loaned thereon.
The confidence telt in the future of this county
by capitalists who have examined its merits in
person OF by agents, is shown by the fact that
| since the organization of the county in August,
ISL, the loans made and secured by mortgage up
on real estate in the county amount to about
| 800, 900, Nearly all OF these loans have been
| made by half II dozen heavy capitalists, among
| which are such monied corporations as the Scot
fish American Mortgage Company, limited, of
| Edinburgh, Edinburgh American Land Mortgage
| Company, limited, the New England Loan and
| Trust Company, and various priva 1 bankers.
There is no good reason why small capitalists
should not enjoy the high rates of interest paid
here. Satisfactory references will be furnished ON.
application.