The Owosso times. (Owosso, Mich.) 1897-1926, 1917-12-14
MORTGAGE SALE

WHEREAS, default has been made in the
payment of the money secured by mort
gage dated the 18th day of August in the
year thousand nine hundred sixteen, exc
cuted by Nicholas Sakwinski and Antoinotte
Sakwinsk, his wife, of the City of Detroit.
Michigan, to Edwin p. sherman, of the City
of Ann Arbor. Michigan which said mort
gage was recorded in the office of the Regis
ter of Deeds of the County of Shiawassec.
Michigan. in Liber 1876 of mortgages on page
1928 on the 23rd day of August, 1916, at
8:15 o'clock a. m.
WHEREAS, the said mortgage has been
duly assigned by the said Edwin P. Sherman
to the State Bank of Byron, Michigan, by
assignment bearing date August 21st 1916,
and recorded in the Register of Deeds office
in the County of Shiawassee. Michigan on
the oath day of August. 1916 in Liber III
of mortgages page $685. and whereas the
said mortgage was sduly reassigned by the
said State Bank of Byron. Michigan by l, J.
l.. VanAlstine. Cashier of said State Bank
of Byron, Michigan, to the said Edwin p.
Sherman by assignment bearing date the 29th
day of September. 1916 and recorded in the
Office of the Register of Deeds for said Shia-
wassee County in Liber III of mortgages on
page 336 on the 9Th day of October A. D.,
1916, and whereas said mortgage was thereaf-
ter assigned to-wit the End day of Octo-
Der A. D., 1916 by the said Edwin p. Sherman
to James r. Blackwood of the City of Detroit
Michigan, said assignment bearing date the
End day of October, 1916 and being record.
ed in the Register of Deeds Office in said
Der, 1916 in Liber 100 of mortgages at page
456, and the same is now owned by him, and
WHEREAS the amount claimed to be due on
said mortgage. at the date of this notice is
the sum of Five Thousand Three Hundred
Ninety-one and 66-100 (5,391.66) Dollars of
principal and interest of which Five Thous-
and ($5,000.00) Dollars is principal and Three
Hundred Ninety-one and 66-1O0 ($391.66l Dol
lars is interest and the further sum OF Twen-
ty-five (s25,OO) Dollars an attorney fes
stipulated for in said mortgage and which Is
the whole amount claimed to be unpaid on
said mortgage, and no suit or proceeding
having been instituted at law to recover the
debt now remaining secured by said mort
gage, or any part thereof, wherefore the
power of sale contained in said mortgage has
become oprative.
AND WHEREAS in said mortgage it wa'
provided and agreed by the fourth clause
thereof that should default be made in the
payment of any installment of principal ma
turing hereon, before the whole thereof be-
comes due, or of any installment of inter-
est when the same becomes due and payable,
when the same payable as above provid-
ed, and should the same or any part thereof
remain unpaid for the period Of thirty days;
then and from thenceforth the aforesaid
principal sum, with all arrearages of interest
shall at the option Of said mortgagee, his legal
representatives or assigns. become due and
be payable therefrom and thereafter although
the period above limited for the payment OF
the same shall not then have expired. any.
thing hereinbefore or in said note contained
TO the contrary thereof in anywise notwith-
standing. and default having been made in the
payment of the whole of the first and second
semi-annual instalments of interest upon
said mortgage respectfully. and the same hav'
ing become due and payable respectively as
provided in said mortgage and more than thir'
ty days having elapsed since said installment'
of interest, respectively. should become due
and payable. and the whole Of each still re
naming in arrears and wholly unpaid the
| said James r. Backwood, the assignee o
said mortgage, has elected, and does hereb,
| elect and choose that the whole principal sun
| named in said MORTGAGE. with all arrearagei
! of interest thereon shall be and now is and u
1 hereby declared to be wholly due and payable
! at this time in the amount hereinbefore 80
forth.
! NOW THEREFORE. notice is hereby give,
that by virtue OF the said power of sale ar'
by virtue Of the fourth clause of said mort