The Pamphlet Collection of Sir Robert Stout: Volume 7
Schedule A. Mortgage
Schedule A. Mortgage.
This Deed made the________day of________187 Between____________who and whose heirs, executors, administrators, and assigns, unless where the context requires a different construction is and are hereinafter referred to and included in the term "the Mortgagor" of the one part, and____________the Trustees of "the Wellington Building Society, 1873," of the other part: Whereas the said____________being a member of the above Society has taken up and realized____________share in the said Society numbered____Now This Deed Witnesseth that in consideration of the sum of £________lent by the said Trustees to the Mortgagor, the receipt whereof is hereby acknowledged. The Mortgagor hereby conveys and assures by way of mortgage unto the said Trustees, their heirs, and assigns All the piece of land particularly described in the schedule hereto : Together with the appurtenances as a security for the payment by the Mortgagor unto the Trustees or Trustee for the time being of the said Society, and their or his assigns of the subscriptions, redemption-moneys, and other sums of money which by the rules of the said Society (a copy whereof was deposited with the Registrar of Joint Stock Companies, pursuant to the Building and Land Societies' Act, 1866, on the twenty-fourth day of February, 1874), are made payable in respect of the said realized shares and of property held by the said Society as security and for the observance of the said rules, which it is declared shall be deemed and taken to be incorporated in and forming part of these presents as fully and effectually as if the said rules were set forth fully and in words at length. And the Mortgagor declares that in the event of the lands and premises hereby mortgaged or any part thereof being sold on behalf of the Society, no purchaser at any such sale, or his representative, shall be answerable for the loss, mis-application or non-application of the purchase-money, nor shall he or they be concerned to enquire into the fact of any default having been made, or as to the necessity or propriety of any such sale or be affected with notice that any such sale is unnecessary or improper. (Here insert special covenants if any.) In Witness, &C.