The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-09

Official County and village Paper. r.
NOTICE OF MORTGAGE :.
FORECLOSURE SALE
Default having been made in the
conditions of that certain mortgage
made AND ~
and existing under and by virtue OF
wF 81 aae ee an sta ban 4f d
Marcus :. Bates. and Mary E. McDon-
aid. the wife of said Daniel D: Mc Don
eorp @spf dai S ors organ and exist.
ing under and by virtue of the laws
Trustee. as mortgagee. which said
mortgage is dated the first day OF
June, A. D. 1915, and with 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
O'Clock A. NJ. and duly recorded in said
office in Book "F' Of Mortgages, on
page PSI and pages following; and
Whereas the said Northern Land ma
and Daniel d. Mcdonald. are in said
instrument 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;
gage for the purpose of releasing all
their rights under the statute or other
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-
Whereas said mortgage mort gagged
and conveyed the property and premis,
es mortgaged and conveyed by salq
notes he principal or amounts Of which
aggregated the sum of Two hundred
Fifty Thousand ($250, .00) Dollars,
and bearing interest at the rate OF nve
able annually; and said mortgage also
secured the various items hereinafter
claimed as due under said mortgage
and secured thereby; and
Whereas said mortgage provided that
if default should be made in the pay
met of any installment OF l9terest or
Of the principal of the notes secured
of any of the taxes, assessments or
charges in the nature thereof or II
default should be made in any or the
mortgage, and such default should con
tinue for a period of six months after
notice of such default ana demand 2y
writing upon the said Northern Land
and Lumber Company. Marcus F. Bates
and Daniel D: Mcdonald to pay, fuih rum
Manchester Safety Deposit and Trust
Company might and should upon the
: written request of the. owners Or mold
ers Of ten or more OF IT, SAID ato, n9tes o the
gate at least the sum of Ten Thousand
$4,000 Dollars declare nano the he'd p1 rim
eGa of ad at
rate Of five (5) 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-
spect to the payment Of interest on
the notes secured by sa al aa+ mortgage tgas;e
and Trust Company duly served notice
of such default and demand for pay
ment as 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 expira ton of six
more than ten of the notes secured by
said mortgage the principal sums OF
Th eSasH u Ss1o,ooo oo) Dollars, directed
and requested the said Manchester
writing to declare the principal of all
sued and secured under the terms and
terest 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 mort
gage due and payable and to immedi'
ately commence foreclosure proceedin gs
to foreclosure said mortgage; and
Whereas said Manchester Safety De-
post and Trust Company, as TRUSTEES
gage, has duly elected and does hereby
elect to declare the principal of all out:
and secured under the terms and con:
ditions of said mortgage. with interest
thereon at the rate of five per cent pei
annum and all charges. amounts ane
secured by said 1nortgage due and pay
~ able at the date of this notice under
the terms, provisions and cOndlt1OnS' Oh
said mortgage; and
Whereas there is actually due and
claj, led to be due and payable at the
date of this notice on the notes secured
RK sSa Ffty Thoa as 0
Dollars. with interest thereon at the
rate of five per cent per annum from
the first day of June IA p asiS
~
the sum of Forty-one Thousand Fou1
Hundred Fifty-eight and 33/1OO C41.
458.33) Dollars. making total amoun1
due and claimed to be due on said note!
secured by said mortgage for principa
and interest at the date hereof the sun
= of Two Hundred Ninetyone Thousand
Four Hundred Fifty-eight and 33f1O(
1921 ASS .33) Dollars; and
! Whereas said mortgagee, said Man
chester Safety Deposit and Trust Com
pany, as Trustee, has in accordance
q with the terms. provisions and condi
\ tons of said mortgage paid and ex
pended the sum of 1884 40 in payint
I necessary expenses incurred by it il
l. connection with the performance of it.
& duties under said mortgage, which
amount so paid and expended is by thu
+ terms Of said mortgage an additions
lien under said mortgage on the prem
Uses and property mortgaged by sai'
mortgage and secured thereby ant
which said sum the said mortgage ha
Z duly elected and does hereby elect tt
u declare due and payable at the date o
IL this notice under, the terms, provision
and conditions of said mortgage; and
Whereas said mortgage, said Man
chester Safety Deposit and Trust Com
54pany as Trustee. has made REASONABLE
; ~IS4 A. w. -a>.>