The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-04-20
NOTICE OF MORTGAGE FOR
CLOSURE.

payment OF the sum of one hundred
dollars, ($10O.00), 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 OIL
Deeds in and for st. Louis County,
Minnesota, on the 10th day of April,
1924, at 3 o'clock p. NJ, 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 oil
Deeds in and for ST. Louis County,
Minnesota, on the 10th day OF April
1924, at o'clock P. M, in book 490l
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, Minne-|
sofa, on the Goth day of March, 1921
at o'clock p. NJ. in book 557, oil
mortgages on page $40; and whereas
said interest Is interest which accrued
pursuant to the conditions of a
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, ($25O000), which becomes due
and payable March 10th, 1929;
And further, whereas; one Of the
provisions and stipulations of said
mortgage is, elf default be made byl
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, ad-
ministratorS or assigns to declare the
whole sum above specified to be due
and payableO, and further whereas
stipulation in said mortgage pro-
vides that first parties will keep said
premises insured for at least four
thousand dollars, payable in case CT
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
buildings and the sum or sums
which may be paid by said
party Of the second part, his
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, 1923, in
sure said property in the sum CT
100000, at an expense of $1540, 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.
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
Va OoAN AAoeS, $Sooo.oo, W VIC OuC dliO
payable with accrued interest on said
$4,000 and S2500.00 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 85-1OO
dollars. ($2626.85); 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