The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-30
NOTICE OF M o. TGAGE
FORECLOSURE SALE

a corporation duly created. organized
and existing under and by virtue OF
the laws Of the State , Of N Min iae
aid. Alice. Reed Bates. the wife Of said
Marcns =. Bates. and Mary e. McDon-
aid. the wife of said Daniel d. McDon-
ty Deposit aa ana ana = trust r Company. ia
corporation duly organized and exist
ing under and by virtue of the laws
Of the State OF New HamR % ;ai, =. az e
mortgage is dated the first day Of
June. A: p: 1915 and with power ,,e q
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
S 9feek in A. Book sna guy Of Mortgages, on
page Isl and pages following; and
Whereas the said Northern Land and
Lumber Company. Marcus F. Bates
instrament sometimes referred to for
brevity as grantors; and
Whereas the said Alice Reed Bates
and Mary E. Mcdonald each respect
lively united and Joined in said mort;
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 "rrus-
tee; and
Whereas said mortgage mortgaged
and conveyed the property ana premlSs,
mortgage, to secure the payment Of
notes the principal amounts Of which
aggregated the, sum Of H. Two hundred
and bearing interest at the rate of five
ale 81 a Rsr gem and Said mortgage aiso
the due %nder tem aad
and secured thereby; and
Whereas said mortgage provided that
if default should be made in the pay
ment of any installment OF interest or
by said mortgage or in the payment
OF any of, the taxes, assessments or
charges in the nature thereof, Or II
default should be made in any OF the
mortgage. and such default should con-
tinue for period of six months after
notice of such default: and demand by ~
writing upon the said Northern Land
and Lumber Company Marcus F. Bates
and Daniel D. Mcdonald to pay. fulfil
or s fhS
Company might and should upon the
written request of the owners or hold
ers of ten or more of said notes, the
gate at least the sum of Ten Thousand
$4,000. O0) Dollars, declare the prin-
,cipal of all said outstanding and un-
rate of five (5) per cent per annuna
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-
spect to the payment of interest on
the notes secured by said mortgage
and the said Manchester Safety Deposit
T~~o 1r1Ix
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 or such detault
and still continues; and
Whereas after the expiration of six
months from the service OF such notice
of default the owners and holders OF
said mortgage the principal sums of
which notes then and now unpaid az
gregate the sym I'M of Of mere than Ten
and requested the said MANCHESTER
Safety Deposit and Trust Company in
writing to declare the principal of all
outstanding and unpaid not notes , dnly 1s7
provisions of said mortgage. with IN
terest thereon at the rate of i've per
cent per annum and all 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.
as aforesaid, mortgage In SAID mort
gage, has duly elected and does hereby
elect to declare the principal OF all OUT
standing and unpaid notes duly issued
and secured under the terms and con.
ditions Of said mortgage. with interest
thereon at the rate of five per cent per
annum and all charges, .a amo % tsoa ang
able at the date of this notice, under
the terms. provisions and conditions 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 81 am I o1o
Dollars. with interest thereon at. the
rate of five per cent per annum IRON
the first day Of June, A. D. 1915. which
interest amounts at the date hereqI &c
Hundred Fifty-eight and $4,000 GAL:
458 .33) Dollars. making a total amoun1
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 Hundred Ninety lone Thousand
-Four Hundred Fifty-efght and 33jlov
1921. 1852 3) Dollars; and
Whereas said mortgagee, said Man
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 tbs
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 te
declare due and payable at the date OF
this notice under the terms, provisions
and conditions of said mortgage; and:
Whereas said mortgages, said Man
chester Safety. Deposit and Trust Com.
Charges, amounting to Two. Hundred
Fifty, $3.50 .O0) Dollars for its services
! as such Trustee TO; the date Of this not
ice. which said charges are an add.
Il tional lien under said mortgage upon
the premises and property mortgagec
by said mortgage and secured thereby
and which said {. sum OF Y s. 0.00 said
mortgagee has duly elected and DOE:
At the date sof. this notice under gth:
I terms. provisions and conditions 81: sa1e
whereas said MORTGAGE. said Man
chester Safety Deposit and Trust Com:
4pany. as Trustee, under said mortgage
paid On July Sd. 1917. the sum Of #seY,