The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1883-06-22
Aurora Co., Dakota.
REAL ESTATE AND MORTGAGE
LOANS.

VlIc will take money from any person, firm or
WI corporation, in large or small sums, and
" loan ii to trustworthy parties, taking notes
~ 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. Tor one to five years at ten per cent inter
est payable annually at the office of the lender.
We will collect the interest and remit promptly
nine tenhs of the same. This will net the lender
nine per cent. interest and insure prompt collcc-
tons \ printed application for the money will
be filled cut and signed by the applicant showing
the guslity, legal description location and condi-
tiov 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 security to bs in the applicants
name and free from incumbrance 10y unpaid taxes,
liens, Judgments or other mortgages All the re-
quiste papers will be prepared and recorded with
out expense to the lender and no money VIII De
paid over to the borrower until the mortgages
recorded the abstract procured, examined by
careful aud competent attorney ana 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
mrtv loaning the money. If preferred the appli-
alton will be sent before the money is forwarded
% us.
a .cnt has "A small pecunary interest in each year
il payment of interest, and will be careful To put
tho money out 10 good and safe parties ana VIII
he sure to make prompt collection and remittance
ot interest to the mortgage in order that the
| agrusy may be permanent and remunerative.
/ NorltS who nave no pccunlhfN interest III the
| ,n1eci ion of interest are apt TO think their re-
nm Utility ceases when the loan i made and the
| nnnrr, returned to thei mortgage. This should
nnt la the case. for loan wants looking after, to
See nit the taxes are paid ON the land and that
| tho nrsmises are not permitted to run la waste
| ana decrease in value. The small pecuniary in
terest a the agent in the annual collections will
remunevnte him for looking after the land until II
is maid and the money returned to the lender. The
experence of lenders and agents demonstrates
the wisdom and justice OF this plan. We would
be pleased to take money in sums of $500 or over,
and will invest the same in loans n 500 to SjOO|
EACH upon single quarter section (ldo acres) inl
Aurora county and near 1t, each quarter to be
worth, exclusive of buildings at least double the
amount loaned thereon.
The confidence clt in the future of this county
by capitalists who have examined its merits inI
person or 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
100000, Nearly all OF these loans have been|
made by half dozen heavy capitalists amOngI
which are such moned corporations the Scot
fish American Mortgage Company, limited, oil
Edinburgh, Edinburgh American Land MortgageI
Company, limited, the New England Loan and
Trust Company, and various private bankers.
There is no good reason why small capitalists Il
should not enjoy the high rates of interest paid
here. Satisfactory references will be furnished on|
application.