The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-09-25
NOTICE OF MORTGAGE
FORECLOSURE SALE

conditions of that certain mortgage
duly made: executed and, delivered by
corporation duly created. organized
and existing under and by virtue of
the laws Of the State Of Minnesota.
aid. Alice, Reed Bates, the wife Of said
aid. the wife of said Daniel D. McDon-
Corporation duly organized and exist
on tS Snds sta and of by Ne x1 the
mortgage is dated the first day of
June, A. D. 1915. and with a power of
for record in the office of the Register
of Deeds in and for the County of
Cook, in the State of Minnesota, on the
office in n BOOK ;e @F w." Of Mortgages. @ on
page ISL and pages following: and
Whereas the said Northern Land and
and Daniel B. Mcdonald are in said
instrument sometimes referred to for
brevity as grantors; and
Whereas the SAID Alice Reed al Bates
lively united and joined in said mort
gage for the purpose of releasing. all
wise as the wives of their respective
husbands and in order to consent to
and confirm said mortgage; and
Whereas the said mortgagee in said
mortgage is in said mortgage some
times referred to for brevity rs "Trus-
tee"; and
Whereas said mortgage morris gagged
and conveyed the property and premls,
es mortgaged and conveyed y by SAID 10
notes the principal amounts Of which
aggregated the, sum Of Two Hundred
rim int
20 per cent per annum, pay
able annually; and said mortgage also
ne ue %naer sa
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 or in the payment
of any of the taxes, assessments or
eharges in the nature TYRE thereof or hi IL
terms, conditions covenants OF said
mortgage. and such default should con-
tinue for 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 7,Ia5
or perform the same, then the said
Manchester Safety Deposit and Trust
Company might and should upon the
written request of the owners or hold
ers of ten or more Of said notes. the
principal sums of which should aggre-
gate at least the sum of Ten Thousand
100000 .OO) Dollars, declare the prin-
cipal of all said outstanding and un-
paid notes with interest thereon at the
rate Of five 80 per cent per annum
and an 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
and Trust Company duly served notice
ment in said mortgage provided;
and
Whereas such default continued for
q 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
more ee than ten ten Of the notes secured by BY
said mortgage the principal sums OF
which notes then and now unpaid ag-
tns sS% Posrz t'a
and requested the said Manchester
Safety Deposit and Trust Company in
outstanding and unpaid notes duly is;
sued and secured under the 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 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
gage, has duly elected and does hereby
elect to declare the principal OF all out:
standing and unpaid notes duly ISSUED
ditions of said mortgage. with interest
thereon at the rate of five per cent pei
annum, and all charges, amounts anc
sums of money in any way whatsoever
secured by said mortgage due and pay
able at the date of this notice under
the terms. provisions and conditions OF
said mortgage; and
Whereas there is actually due an6
date of this notice on the notes secured
By said ft the nS sun 1sqs9 Ct ooo T%
Dollars. with interest thereon at the
rate of five per cent per annum from
the first day OF June A: .: 1919. Wh'c r
the sum of Forty-one THOUSAND Fou1
Hundred Fifty Eight and $4,000 ($41.
45S.33) Dollars: making total amour
secured by said mortgage for principa
and interest at the date hereof the sun
Of Two Hundred Ninety-one Thousant
Four Hundred F'ifty-eight and 33 /1O(
1921 ,45S.33) Dollars; and
Whereas said mortgage. said Man
chester Safety Deposit and Trust Com
pany, as Trustee, has in accordance
with the terms, provisions and condi
: tions of said mortgage paid and ex
pended the sum of $354.4O in paying
necessary expenses incurred by it il
connection with the performance of it.
duties under said mortgage, which
r "a amount so paid and expended is by tn
w terms of said mortgage an additions
a lien under said mortgage on the prem
\. ises and property mortgaged by sal,
g mortgage and secured thereby. ant
which said sum the said mortgage ha
duly elected and does hereby elect t.
At declare due and payable at the date o
fay this notice under the terms, provision
&5# and conditions of said mortgage; and
Whereas said mortgage, said Man
chester Safety Deposit and Trust Com
& pany as Trustee. has made REASONABLE
charges amounting to Two Hundre.
y Fifty $3.50 .OO) Dollars for it's service
H as such Trustee to the date of this not
ice, which said charges are an add
VI ss fional lien under said mortgage upol
the premises and property mortgage,
ss5$ by said mortgage and secured thereby
5$5 and which said sum Of $3.50 90 sal
mortgages has duly elected and doe
sz3s hereby elect to declare due and payabl
Fs ut the date Of this notice under TIL
terms. provisions and conditions of sal
IN