The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1883-06-01
Co.., Dakota.
REAL ESTATE AND MORTGAGE
LOANS.

nIc will take money from any person, firm or
W. Z corporation, in large or small sums, and
loan II to trustworthy parties, taking notes
srcur ed by mortgages ON farm lands worth
AT least double the amuuih loaned exclusive nt
buildings, in the name OF the party furnishing thr|
funds, Tor one TO i've years al ten per cent, inter
est, payable annually al the office of the lender
We will collect the interest and remit promptly
nine tenthS OF the same. ms VIII net the lrndrrI
nine per cent. interest and insure prompt crllec-
tons. \ printed application Tor the money Will
be hlled out and signed by the applicant, ~Slowing|
the quality, legal description. location and rondi
ton Of the lands and their actual valuation. lhc|
application will also show the financial condition.
OF the applicant and his ability to pay the Interest
aud debt when due. An abstract of title will hr|
furnished with each loan, show ing good title toI
the land offered aS security Ia he in the applicantSI
name and free from incunlbrancc by unpaid taNcs,I
liens, judgments or other mortgages. All the re-
qui>iie papers will be prepared and recorded with
out expense to the lender and no money will bel
paid over to the borrower until the mortgagrIsI
recorded, the abstract procured, examined 10y NJ
careful and competent attorney and found salts
factory. When the transactions are colnpletedI
and the money paid over to the borrower the motel
mortgage and abstract will be forwarded to theI
party loaning the money. II preferred the appi-I
cation will be sent before the money Is forwarded
to us.
The advantages of this method are that theI
agent has "A small pecuniary interest in each year
IL paymeat of interest. and viii be careful 10 Pun
the money out TO good and safe parties and VIII
be sure to make prompt collection and rrmiitanceI
of interest to the mortgage in order that thtI
agency may be permanent and reinuneratiNe1
fEfHNN wv az Nv NN'hHf - - wv
collection of interest are apt to think their re
sponsibility ceases when the loan i made and theJ
papers returned 10 thefmortgugee. This should}
not be the cast, Tor a loan wants looking after. ~
see that the taxes are paid on the land and thatC
the premises are not permitted to run to wasisV
and decrease in value. The small pecuniary in
terest of the agent in the annual collections will
remuncrate him for looking after the land until n
is paid and the money returned Ia the lender. IND
experience of lenders and agents demonstrated
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 of 500 To 500
each, upon single quarter section (l6o acres) il
Aurora county and near it, each quarter to bI
worth. exclusive of buildings. at least double TN,
amount loaned thereon.
The confidence tclt in the future of this county,
BY capitalists who have examined its merits II
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 U
ON real estate in the county amount to ahoui
100000. Nearly all Of these loans have beeIu
made by half "A dozen heavy capitalists, among
which are such monied corporations rs the Scot
fish American Mortgage Company, limited, II
Edinburgh, Edinburgh American Land Murtgagd|
Company, limited, the New England Loan aud
Trust Company, and various private bankers.
There is no good reason why small capitalist
should NOT enjoy the high rates of interest paid
here. Satisfactory references will be furnished oI
application.