The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-11-13
9TH OK TGAjGE
F0REC 0 IRE SALE

conditions Of that certain mortgage
duly S9 made executed and deli yeredsaby'
a Corporation duly created. organised
and 8! under s.. and ~ virtue sof
aid, Alice Reed Bates. the wife Sc said
I Marcus =. Bates. and Mary p. McDon-
add the wife of said Daniel D. iMcDon-;
=. Deposit ana Trust Company. "a
corporation duly organized and exist
ing under and by virtue of the laws
Ct tie state Of New Hasn1re) az
mortgage is dated, the first day, Of
June, A. d 1915. and with q power Of
sale therein contained. was duly filed
of Deeds in and for the County of
Cook. in the State of Minnesota, on the
FIRST day Of July. A; D. 1915, at $3.50
office in Book "F'' Of Mortgages, on
page Isl and pages following; and
- Whereas the said Northern Land and
Dsne 81 XcDonad are in sad
instrument sometimes referred to for
brevity as grantOrs; and Vs.. =,
Whereas the said Alice Reed Bates
and Mary E. Mcdonald each respect
gage for the purpose Of releasing, all
their rights under the statute or other
wise as the wives of their respective
husbands and in order to consent to
and confirm said mortgage; and
Whereas the said MORTGAGE in said
mortgage is in said mortgage some
times referred to for brevity as ''Trus-
tee; and
and conveyed the property and premis,
es mortgaged and conveyed by sa1d
mortgage. to secure the payment OF
notes the principal amounts Of which
Fifty Thousand ($250,O00 .O0) Dollars
and bearing interest at the rate OF hve
To- per cent per. annum. pay
secured the various items hereinafter
claimed as due under said mortgage
and secured thereby; and
Whereas said mortgage provided that
ment OF any installment of interest or
OF the principal of the notes secured
by said mortgage or in the payment
charges in the nature thereof. Or if
default should be made in any of the
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
and Lumber Company. Marcus F. Bates
and Daniel D. Mcdonald to pay, fulfil
or perform the same. then the said
Manchester Safety Deposit and Trn .s
written request of the owners or hold
ers of ten or more of said notes, the
principal sums of which should aggre-
9te 81 1885, b 5oH decare the prn
cipal of all said outstanding and un-
paid notes with interest thereon at the
ae # Xs So ee9 ah pfr sums
money in any way whatsoever secured
by 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
ment as in said mortgage provided;
and u
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 ana hOlderS OF
said mortgage the principal sums Of
which notes then and now unpaid as
gregate the sum of more than Ten
Thousand ($1o,ooo:oo) Dollars. directed d
Safety Deposit and Trust. Company in IN
writing to declare the principal OF all
outstanding and un Iaa notes dny 3S
provisions of said mortgage. with in
terest thereon at the rate of tive per
cent per annum and all charges,
way whatsoever secured by said mort
gage due and payable and to lmmed1-
ately commence foreclosure proceedings
to foreclosure said mortgage; and
Whereas said Manchester Safety De-
post and Trust Company, as Trustee
as aforesaid mOrtgagee IN SAID mort
gage, has duly elected and does hereby
elect to declare the principal OF al out
and secured under the terms and con-
ditions of said mortgage. with interest
thereon at the rate OF .hve per cent per
sums Of money in any way whatsoever
secured by said mortgage due and pay
able at the date of this notice undeI
the terms, provisions and cOndltlOns OF
said mortgages; and
Whereas there is actually due and
claimed to be due and payable at the
date of this notice on the notes secured
. Hundred Fifty Thousand ($25o.000 .oo)
Dollars. with interest thereon at the
rate of five per cent per annum from
interest amounts at the date hereof to
Hundred Fifty-eight and $4,000 SAL;
due and claimed to be due on said notes
secured by said mortgage for principal
and interest at the date hereof the sum
Of Two a%ndred snd
1921, 45S.33) Dollars; and
Whereas said mortgagee, said Man.
chester Safety Deposit and Trust Com
pany. as Trustee, has in accordance
with the terms. provisions and condi-
d. tions of said mortgage paid and ex-
pended the sum Of 1854. 40 in paying
@pecessary expenses incurred by it in
connection with the performance of its
duties under said mortgage, which
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
duly elected and does hereby elect to
declare due and payable at the date OF
this notice under the terms. provisions
and conditions of said mortgage; and
Whereas said mortgagee, said Man
chester Safety Deposit and Trust Com.
pany as Trustee, has made reasonable
charges amounting to Two Hundred
Fifty ($25O.O0) Dollars for its services
as such Trustee to the date of this not
ice, which said charges are an addl-
tional lien under said mortgage upon
the premises and property mortgaged
i by said mortgage and secured thereby
and which said sum. of $3.50. 90 said
mortgage has duly elected and does
hereby elect to declare due and payable
at the date Of this notice under the
terms. provisions and conditions Of said
mortgage; and m H. ~
"tt@yVhereas said rnortRac gee said Man.