The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1883-04-20
Aurora Co.., Dakota.
REAL ESTATE AND MORTGAGE
LOANS.

pABE will take money from any person. firm or
NHE Z corporations, in large or small sums, aud
NC loan it to trustworthy parties, taking notes
VS. sccur 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 Ia five years at ten per cent, inter
e>t, payable annually AT the Office of the lender.
We will collect the interest aud remit promptly
nine tenths of the same. This will net the lender
nine per cent. interest and insure prompt collec-
tons. \ printed application for the money will
bt filled ont and signed by the applicant, showing
the quality, legal description, location and condi
tion 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 Ia
the land offered as security to he in the applicants
name and free from incumbrancc. by unpaid taxes,
liens, judgments or other mortgages. All The re
quisitc papers will be prepared and recorded with
out expense To the lender and no money Will be
paid over to the borrower until the mortgage Is
recorded, the abstract procured, examined by II
careful and competent attorney aud found salts
factory, When the transactions are completed
and the money paid over to the borrower the note,
mortgage and abstract will he forwarded to the
party loaning the money. II preferred the appli.
cation will be sVnt before the money is forwarded
to rs.
The advantages of this method are that the
agent has II small pecuniary interest in each year
" payment OF interest, and will be careful to put
the money ont to good and safe parties and viii
be sure To make prompt collection and remittance
of interest to tho mortgagee in order that th,
uEfHtN lliN Nv permanent anu NV z
Agents who have no pecuniary interest in the
collection of interest are apt To think their re
sponsibility ceases when the loan j. made and the
papers returned to the. mortgage. This should
moi be the case, for a loan wants looking after, Ia
see that the taxes are paid ON the land and that
the premises are not permitted to run To vast,
and decrease in value. The small pecuniary in
terest Of the agent in the annual collections will
rcmuncrate him for looking after the land until ii
is paid and the money returned to the lender. Tn,
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 eco acres) in
Aurora county and near il, each quarter To b@
worth, exclusive of buildings, AT least double the
amount loaned thereon.
The confidence fclt in The future of this county
by capitalists who have examined lis MERITS in
person or hy agents, is shown BY the fact that
since the organization of the county in August
lssi, the loans made and secured by mortgage up
ON real estate in the county amount to about
S%l0n.nO0, Nearly all OF these loans have been
made by half a dozen heavy capitalists. among
which are such monicd corporations rs the Scot
tish American Mortgage Company, limited, o
Edinburgh, Edinburgh American Land Mortgag,
Company, limited, the New England Loan ano
Trust Company, and various private bankers.
There il no good reason why SMALL capitalist,
should not enjoy the high rates of interest pait
here. Satisfactory references will be furnished Oh
uupliratiou.