The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-11-27
Office or N @ GEE
0FlEC LOS URE SALE

Fssss Default having been made il Y
n duly made. executed and delivered 81
Northern Land and Lumber Company,
Il corporation duly created. organized
IKE sta 60 Mnnesota
n Marcus T.. Bates and Daniel D. McDon-
aid, Alice Reed Bates. the wife of said
fne fs ass s sa aad p MaEz s.
aid as mortgagors. to Manch ester Safe
SsSty Deposit and Trust Company "a
D of the State Hof New Hampshire) as
II Trustee. as n1ortgagee. which said
] for record in the office Of the Register
! Of Deeds in and for the County Of
first day of July "a. D. 1915, at $3.50
o'clock a. NJ. and duly recorded in said
office in Book. "F"'' Of Mortgages. on
page PSI and pages following; and. 49,
and mp Daniei p B. McDona l - are in said
Il instrument sometimes referred to- Tor
& $brevity as grantors; and J. e.
.ssss whereas the said Alice Reed Bates
ss and Mary e. Mcdonald each respect
ID lively united and Joined in said mort;
h gage for the purpose OF releasing an
wise as the wives of their respective
d husbands and in order to consent to
:. and confirm said mortgage; and
%& Whereas the said mortgagee IN sald
: mortgage is in said mortgage some
times referred to for brevity as ''Trus-
! tee; and
( : Whereas said mortgage mortgaged
s and conveyed the property and premS,,
mortgage, to secure the payment OF
a notes the principal amounts Of which
7 aggregated the sum Of Two Hunarea
and bearing interest at the rate OF five
>, (5l per cent per annunl, pay
able annually and said mortgage also az
claimed as due under said mortgage
and secured thereby; and
Whereas said mortgage provided that
if default should be made in the pay
of the principal of the notes secured
by said mortgage OF in the payment
Of any of the taxes, assessments or
default should be made in any Of the e
terms, conditions or covenants of said
mortgage. and such default should con
notice of such default. and demand by
the said MORTGAGE should be made in
writing upon the said Northern Land
or perform the same, then the said
Manchester Safety Deposit and Trust
Wrtfem reaaest Of fn the or
ers Of ten or more of said notes, the
principal sums of which should aggre,
gate at least the sum Of Ten Thousand SAN
cipal of all said outstanding and un-
paid notes with interest thereon at the
rate Of five 80 per cent per annum
and all charges, amounts and sums OF
money in any way whatsoever secured
by said instrument. at once wholly due
and payable; and
=. Whereas such default occurred in re-
5Icna To no of inf ar
Y 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
Z whereas such default continued for
period of more than six months after
such service Of notice OF such default
and still continues; and
Whereas after the expiration of six
months from the service of such notice
of default the owners and holders OF
more than ten Of the notes secured by
; said mortgage the principal sums Of
which notes then and now unpaid as
gregate the sym I'M of Of more than Ten
and requested the said Manchester
Safety Deposit and Trust Company in
writing to declare the principal OF all
s s,ed and Secured a uhder the s' terms and
provisions of said mortgage. with in
terest thereon at the rate of five per
]: amounts and sums of money in any
way whatsoever secured by said mort
gage due and payable and to inlmedi-
ateiy commence FL. i9reclosure 81 proGesoihss
= Whereas said Manchester Safety De-
post and Trust Company, as Trustee
= as aforesaid, MORTGAGE in said mort
gage has daiy e e aha goes al
! standing and unpaid notes duly issued
! and secured under the terms and con.
? thereon at the rate Of five per cent per
annum, and all charges, amounts and
= sums of money in any way whatsoever
secured by said mortg 4S due fo ana p pas
I: the terms. provisions and cond1tlons OF
: said mortgages: and
Whereas there is actually due, and
claimed to be due and payable at the
by said mortgage the sum- or TWO
Hundred Fifty Thousand ($250,0O0. 00)
Dollars. with interest thereon at the
rate of five per cent per annum from
the first day of June, A. D. 1915. which
interest amounts at the date hereof to
the sum Of Forty one Th9 o. 5; Inc -Four
458. 33) Dollars: making total amount
+ due and claimed to be due on said notes
secured by said mortgage for principal
and interest at the date hereof the sum
4HOf Two Hundred Ninety -one Thousand
7: -Four Hundred Fifty-eight and $4,000
1921, 45s.33) Dollars; and
4, =, whereas SalO mOrCgagee, SalQ MAN.
Il chester Safety Deposit and Trust Com
:. pany, as Trustee. has in accordance
with the terms. provisions and condi-
&Ations of said mortgage paid and ex-
y pended the sum of 1854 40 in paying
& necessary expenses incurred 10y it in
II connection with the performance of it's
! duties under said mortgage, which
q amount so paid and expended is by the
terms of said mortgage an additional
lien under said mortgage on the prem
ises and property mortgaged by said
mortgage and secured thereby and
which said sum the said mortgage has
j. duly elected and does hereby elect to
Z declare due and payable at the date of
this notice under the terms, provisions
II and conditions of said mortgage; and
a3& Whereas said mortgage, said Man
y chester Safety Deposit and Trust Com
n pany as Trustee. has made reasonable
4 charges amounting, to Two Hundred
& Fifty $3.50. 00) Dollars for it's services
las such Trustee to the date of this not
ice, which said charges are an addi-
"A tlonal lien under said mortgage upon
the premises and property mortgag ed
by said mortgage and secured thereby,
Il and which said sum of $3.50 90 said
If mortgage has duly elected and does
hereby elect to declare due and payable
lat the date of this notice under the
terms. provisions and conditions of said