The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-04-27
NOTICE OF MORTGAGE FOR
CLOSURE.

Default having been made in the
payment of the sum of one hundred
dollars, ($100.0O), which is claimed
and is due and payable on the 10th
day of March, 1928. upon mortgage
duly executed and delivered by Anton
Gerzin and Anna Gerzin, his wife,
dated March 10th, 1924, to G. A. Knip-
penberg, mortgage. and duly record
ed in the Office of the Register OF
Deeds in and for st. Louis County,
Minnesota, on the 10th day OF April,
1924, at O'Clock P. M, in book 474,
mortgages page 242, which said mort
gage was duly assigned to Josephine
Bouska, on the 10th day OF March,
1924, and such assignment duly re-
corded in the Office of the Register OF
Deeds in and for ST. Louis County
Minnesota, on the 10th day OF April,
1924, at o'clock P. M, in book 490
mortgages, page 248, and by Josephine
Bouska. duly assigned to John Bouska,
on the 10th day of March, 1928, and
which assignment was duly recorded
in the Office of the Register of DEEDS
in and for ST. Louis County, Mime
sofa, on the Goth day of March, 1928,
at 3 o'clock p. M. in book 557, OF
mortgages on page $40; and whereas
said interest is interest which accrued
pursuant to the conditions of
promiSsory note given by said mort
gagors, of even date of said mortgage
given to secure said note the princi-
pal OF which is twenty-five hundred
; dollars, ($2500.00), which becomes due
and payable March 10th, 1929;
And further, whereas; one OF the
provisions and stipulationS Of said
mortgage is, C"if default be made by
the parties of the first part In any
part of the foregoing provisions, it
shall be lawful for the party OF the
second part, his heirs, executors, adj
ministrators or assigns to declare the
whole sum above specified to be due
and payable'), and further whereas
a stipulation in said mortgage pro-
vides that first parties will keep said
! premises insured for at least four
thousand dollars, payable in case c.
! loss to said second party, his heirs,
executors, administrators or assigns,
and in case of failure to keep said
buildings so insured, the said second
| party, his heirs, executors, admin
StratorS or assigns, may at his option
| pay and effect said insurance on such
| which may be paid by said
1
heirs, executors, administrators or as
signs in effecting such insurance,
shall bear interest from the time OF
such payment at the rate of eight
per cent per annum and shall be paid
and are hereby declared to consti-
tute and be an additional lien upon
said premises to be paid and collected
with the original amount of debts.
That John BouSka, present owner
and assignee of said mortgage and
note, pursuant to such provisions, the
mortgagorS being in default in not
having effected the insurance agreed
to effected and paid for oy such mort
gagors, did on March 18th, 1928, in
sure said property in the sum OF
100000, at an expense of $3.50, paid
by him, and claims said amount with
interest thereon since said date as an
additional lien and claim against said
premises, pursuant to Stipulations in
said mortgage.
That the present owner aforesaid
Of the said mortgage and note by rea-
! SON of the default in the payment OF
the interest in the sum of $4,000, due
and payable March 10th, 1928, de-
clares the whole sum of the principal
of said note, $250U.0O, to be due and
payable with accrued interest on said
$4,000 and $2500.00 with interest
thereon at the rate of $50 since
March 10th, 1928, together with the
further sum of $3.50, with interest
since March 18th, 1928, at the rate OF
$50 and the total sum of Two thous-
and twenty-six hundred and 85-10O
dollars ($2626.859; and no action at
law or otherwise having been insti-
tuted to recover the debt secured by
said mortgage or any part thereof, or
said insurance.
Now, Therefore, Notice Is hereby
given that by virtue of the power OF
sale, contained in said mortgage and
pursuant to the statute in such case
| made and provided said mortgage
will be foreclosed and the premises
described in and conveyed by said
mortgage, viz: Lots eight and nine g
and 81, Block five (5), Kinney, &C
cording to the plat thereof on file
and of record in the Office of the
Register of Deeds of said County OF
st. Louis, State of Minnesota, togetn-
er with all hereditimentS and appurt-
enances thereto belonging will be
sold at public auction to the highest
cash bidder to pay said debts, in
terest, and insurance, and seventy
five dollars attorney fees stipu-
lated for in the mortgage in
case of foreclosure, and the disburse-
ments allowed by law, which sale will
be made by the Sheriff of st. Louis
County, Minnesota, at his Office in
the Court House at the City of Du-
luth, Minnesota, at ten QO) o'clock
A. M on the End day of June, 1928.
subject to redemption as provided by
law.