The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-02
u >. 8 - fISEI ~ 4 ~
MATT JOHNSON. Publisher.

4 Official County and village Paper
NOTICE OF MORTGAGE
FORECLOSURE SALE 4
Default having been made in the
conditions of that certain mortgage
/. Northern Land and Lumber Company,
corporation duly created, organized
and existing under and by virtue of
I Marcus F. Bates and Daniel p. Melon,
aid, Alice Reed Bates. the wife OF said
Atarsns =. Bates. and Mary F. McDon-
ty Deposit and Trust Company. "a
corporation duly organized and exist St.
of the State of New Hampshire) as
Trustee. as mortgagee,- which said
mortgage is dated the first day Of
June p 1872 and with 1as d RSwef e of
For for record in the Office Of T1 the Register
of Deeds in and for the County of
Cook in the State Of Minnesota 1a3t =, on o t9e
O'clock 4. NJ. and duly recorded in said
office in Book "F'' Of Mortgages, on
page PSI and pages following; and
Whereas the Sald NOftneiH In1u o 4
and Daniel D. Mcdonald are in said
instrument sometimes referred to for
brevity as grantors; and
Whereas the said Alice Reed Bates
and Mary T.. Mcdonald each respect
lively united and joined in said mort;
gage for the purpose of releasing all
their rights under the statute or otn 4t.Eo
husbands and in order to consent to
and confirm said mortgage: and
Whereas the said mortgagee in said
mortgage is in SAID mortgage .s some
times referred to for breVlty as "IruS-
tee; and
and conveyed the property and preml;sS,
es mortgaged and conveyed by sag
notes the principal amounts of which
aggregated the sum Of Two Hundfeo
Fifty Thousand $3.50. oQ0 co09 D "f aws
able annually: and said mortgage also
secured the various items hereinafter IT. s
claimed as due under SAID mOrtSaSe
and secured thereby; and
Whereas said mortgage provided that
4 if default should be made in the pay
!, ment of any installment or interest," or
by said mortgage or in the payment MT
Of any of the taxes, assessments or
charges in the nature thereof, or II
default should be made. in any or the
terms. conditions or covenants of said
mortgage' and such default should con-
tinue for a period of six months after
H.. the said mortgagee should be made in
writing upon the said Northern Land
and Lumber Company. Marcus f. BateS
and Daniel D. Mcdonald IT, to pay az. 1 said
Manchester Safety Deposit and Trust
Company might and should upon the
written request of the owners or hold
principal sans of which should aggre-
gate at least the sum of Ten Thousand
100000. 00) Dollars, declare the prln'
cipal of all said outstanding and un-
paid notes with interest thereon at the
rate of five (5) per cent per annum
and all charges, amounts and sums OF
money in any way whatsoever secured
nv said instrument, at once wholly due
and payable; and
Whereas such default occurred in re:
spect to the payment of interest on
the notes secured by said mortgage
and the said Manchester Safety Deposit
and Trust Company duly served notice
of such default and demand for pay
ment as in said mortgage PROVIDED;
and
Whereas such default continued for
a period of more than six months after
such service of notice of such default
and still continues; and
Whereas after the expiration OF sls
months from the service of such notice
of default the owners and holders OF
said mortgags the principal sam M 90 o.
T TfssatS tn Ss16 S 90 Polarz.
a tae rr saa
writing to declare the principal OF al
outstanding and unpaid notes duly Is
sued and secured under the terms 1its a INC
terest thereon at the rate of five pei
cent per annum and all charges
amounts and sums OF =, money no. sy1d IN IAN any
gage due and payable and to 1mmedl
ately commence foreclosure proceedings
to foreclosure said mortgages; and
Whereas said Manchester Safety Pc
Dosit and Trust Company, as Trustee
as aforesaid, MORTGAGE in said mort
gage, has duly elected and does hereb,
elect to declare the principal Of all out
standing and unpaid notes duly ISSUED
and secured under the terms and con
ditipns of said mortgage. with lnteres
tn Neon at the rate of five per cent pei
sun Of money in any way whatsoever
secu I'd by said mortgage due and pay
able vt the date of this notice under
the trims. provisions and condltlons O.
said mortgage; and
Whereas there is actually due ant
claimed to be due and paya BILE at tn,
date of this notice on the notes secured
Hundred Fifty Thousand (s250. 900 90,
Dollars. with interest thereon at thu
rate Of ye per pc cent per ar sH w irGa
the HIST DAY OF June, "A. -. lS1Os Whit
interest amounts at the date hereof tt
the sum of Forty -one Thousand Fou
Hundred Fifty-eight and $4,000 ($41,
45s. a3) Dollars: making total amour
due and claimed to be due on said note
secured by said mortgage for principa
and tVnterest at the date hereof the sun
of Two Hundred Ninety-one Thousan,
Four Hundred Fifty eight and 1870
1921 ,458. 33) Dollars; and
Whereas said mortgage, said Man
chester Safety Deposit and Trust Com
pany, as Trustee. has in accordance
3 with the terms. provisions and cOndi
a lions of said mortgage paid and ex
Sd pended the sum of 1854 40 in payin,
I necessary expenses incurred by it il
connection with the performance of it
duties under said mortgage, which
amount so paid and expended is by tn
terms of said mortgage an additional
lien under said mortgage on the prem
Uses and property inortgaged by sail
~ mortgage and secured thereby. an,
which said sum the said MORTGAGE, ha
y duly elected and does hereby elect t.
declare due and payable at the date o
this notice under the, terms. provision
and conditions of said mortgages; and
Whereas. said mortgage, said Man