The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-11-20
OH Q o GAGE
OFECL SURE SALE

sssscondfttOns of that certain n mortgage
Northern Land ana Lumber err Go 81 s =
Ia AK corporation |. duly created. 8 organized
and existing under and BY virtue Of
y Marcus i. Bates and Daniel 5: MeDon:
aid. Alice Reed Bates. the wife Of said
4 Marcus +. Bates and Mary 3. dcDon-
AID. the wife Of said Daniel p. McDon-
III ty Deposit ana Trust Company. "a
Corporation duly organized and exist
l9g under ana by virtue Of The laws
! mortgage is dated the first day ! Of
a June, "A. ID. 1915, and. with a power Of
VI for record in the office of the Register
OF Deeds. IN "a and for the County !, OF
5sSe eaz h r as n is
+ Office in Book CIV of Mortgages, on
page 8251 and pages following; and 4 :.
Whereas the said Northern Land and
!. ana Daniel 3: Mcdonald are in Said
instrument sometimes referred to for
& brevity as grantors; and e.,
! FE.E whereas the said Alice Reed Bates
lively united and Joined in said mort;
IL gage for the purpose of releasing all
their rights under the, statute or other afzfo
81 husbands and in order to consent to
!. and confirm said mortgage: and
I, 7 Whereas the said mortgagee in said
y mortgage is IN said mortgage .. some
A times referred to Tor DfeVlty as IruS-
i tee: and
y, Whereas said mortgage mortgaged
and conveyed, the property and premis,
ses mortgaged and conveyed by sag 10
4 notes the principal amounts Of which
y aggregated the sum Of Two Aundred
/ Fifty Thousand l$25o.oQo: oo) Do 4 a,Ss
(5l Der cent per nnnum, pay
secured the various items ,,e1t afts e
claimed as due under SAID mortgage
and secured thereby; and
Whereas said mortgage provided that
if default should be made in the pay
ment Of any instalmene OF + interest," es're OF
by said mortgage or in the payment
OF any of the taxes, assessments or
charges in the nature thereof tn or III II
terms. conditions or covenants OF SAID
mortgage, and such default should con-
tinue for a period of six months after
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
or perform the same. then the said
Manchester Safety Deposit and Trust
Company might and should upon the
ers of ten or more of said notes, the
H. principal sums of which should aggre,
gate at least the sum or Zen Thousand
cipai Of ali said outstanding and I'M
= paid notes with interest thereon at the
=, rate Of five (5) per cent per annum
!. money in any way whatsoever secured
by said instrument. at once wholly due
and payable: and
Whereas. such default occurred in re,
I the notes secured by said mortgage
and the said Manchester Safety Deposit
9 and Trust Company duly served notice
E%of such default and demand for pay
s and
Whereas such default continued for
= a period OF more than six months after
such service Of notice OF such default
4 and still continues; and
T., Whereas after the expiration of six
months from the service of such notice
'of default the owners and holders o, OF
said mortgage the principal sums Of
which notes then and now unpaid as
gregate the sum of more than Ten
and requested the said Manchester
Safety. Deposit and Trust Company in
+ writing to declare the principal of all
1: outstanding and unpaid notes duly Is,
l%sued and secured under the terms and
provisions OF said mortgage. with in
: terest thereon at the rate OF f1ve per
cent per annum and an charges,
way whatsoever secured by said mort
gage due and payable and to immedi-
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
n dn fhe Of all
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 ana
sums of money in any way whatsoever
BY said or h d noe and
the terms. provisions and condltlOns OF
said mortgage; and
Whereas there is actually due and
claimed to be due and payable at the
date of this notice on the notes secured
by said mortgage the sum of Two
Hundred Fifty Thousand ($250.000. 00)
rate Of five per cent per annqm from
the first day of June, A. D. 1915. which
interest amounts at the date hereof to
Hundred Fifty -eight and $4,000 SAL,
:45S.33) Dollars. making total amount
due and claimed to be due on said notes
and interest at the date hereof the sum
Of Two Hundred Ninety-one Thousand
-Four ]; Hund l Fifty-eight and a3/1oo
Whereas said mortgage, said Man
chester Safety Deposit and Trust Com
:pany, as Trustee. has in accordance
with the terms. provisions and condi-
lions of said mortgage paid and ex-
pended the sum of 1854 40 in paying
+ necessary expenses incurred 10y 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
Uses 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
r. Whereas said mortgagee, said Man
chester Safety Deposit and Trust Conn.,
pany as Trustee, has made reasonable
charges amounting: to Two Hundred
Fifty ($25O. O0) Dollars for it's services
las such Trustee to the date of this not
Ice, which said charges are an addi-
!, tional lien under said mortgage upon
4 the promises and property mortgaged
Il by said mortgage and secured thereby,
h and which said sum of $4,000 said
h mort gagee has duly elected and does
hereby elect to declare due and payable
at the date Of this notice unde1s the
y terms. provisions and conditions of said
4 mortgage; and