The Pamphlet Collection of Sir Robert Stout: Volume 88
Fd. — Memorandum or Mortgage
Fd.
Memorandum or Mortgage.
I, being registered as proprietor of an estate of freehold [State nature of estate] in that piece of land situate in the [District, County, or Town], containing [State area], be the same a little more or less, being [Here state rights of way, prieileges, or easements, if any appertaining; unit if the land to he dealt with contains all that is included in an existing grant, or certificate, of title, or lease, refer thereto for description of parcels and diagram; otherwise set forth the boundaries in chains, links, or feet, and refer to plan thereof on margin of or annexed to the mortgage or deposited in the Registry Office], in consideration of the sum of [amount advanced], this day lent to me by the Trustees of [name of Society], the receipt of which sum I hereby acknowledge, do hereby covenant with the said Trustees, their successors and assigns,—
First, That I will pay to them the above sum of ____ on the ____ day of ____, one thousand eight hundred and ____
Second, That I will pay interest on the said sum at the rate of ____ pounds per centum per annum by equal payments, on the ____ day of each month in every year until the final payment thereof, to such person or persons as may be authorized to receive the same.
Third, That this security shall not only extend to the said sum of ____ advanced to me as aforesaid, but to such further and other sums of money as shall from time to time be due and owing from me to the said Trustees on account thereof; and that the before-described land and promises shall not be redeemed or redeemable until the said sum of ____ and such other sums as aforesaid, with interest on the same respectively, shall be fully paid and satisfied.
Fourth, That I will, during the continuance of this security, observe all the rules and regulations of the said Society.
Fifth, That I will insure the buildings on the said land in the names of the snid Trustees, their successors or assigns, in the sum of.
Sixth, That I will pay all rates, taxes, and outgoings, now or hereafter to be levied upon the said promises; and in default thereof, the said Trustees, their successors and assigns, are hereby authorized to pay the same, and recover as in case of unpaid insurance premiums.
And for the better securing to the said Trustees, their successors and assigns, the repayment in manner aforesaid of the said principal sum and interest, I hereby mortgage to the said Trustees, their successors and assigns, all my estate and interest in the said land before described.
In witness whereof I have hereto signed my name, [this ____ day of ____ 18 ____