Arkansas Reports : Cases Determined in the Supreme Court of the State of Arkansas, At the ..
Arkansas Reports : Cases Determined in the Supreme Court of the State of Arkansas, At the ..
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Brazil owned a valuable piece of real estate in the city of Fort Smith, and on January 3, 1916, mortgaged the same to the Midland Savings & Loan Company, a building and loan association, incor- porated under the laws of tiie State of Colorado and doing business at the city of Denver, to secure a loan of money in the sum of $15,000 made by said association to Brazil upon shares of stock in accordance with its plan of lend- ing money to its shareholders. The mortgage recited liiat Brazil was the ...holder of 225 shares of stock of a certain class in the association and had obtained a loan of $15,- 000 thereon, and the condition of the mortgage was that the mortgagor should pay **the principal sum of $15,000, with interest thereon, and the premium bid for obtaining said loan at the office of the said party of the second part in Denver, Colorado, according to the tenor and condi- tions of a certain first mortgage bond of even date here- withy for the said sum, interest and premium, executed and delivered by the said second party, contempora- neously with the instrument." The note or bond secured by the mortgage also con- tained a recital as to the loan of $15,000, and the pledge of said shares of stod^ as collateral security for the loan and the obligation of the mortgagor to pay to the asso- ciation **the simi of two himdred forty-eight and 75/100 dollars monthly, on or before the last day of each month, Digitized by VjOOQIC 148 Nakdimen v.
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To quickly assess the difficulty of the text, read a short excerpt:
Brazil owned a valuable piece of real estate in the city of Fort Smith, and on January 3, 1916, mortgaged the same to the Midland Savings & Loan Company, a building and loan association, incor- porated under the laws of tiie State of Colorado and doing business at the city of Denver, to secure a loan of money in the sum of $15,000 made by said association to Brazil upon shares of stock in accordance with its plan of lend- ing money to its shareholders. The mortgage recited liiat Brazil was the ...holder of 225 shares of stock of a certain class in the association and had obtained a loan of $15,- 000 thereon, and the condition of the mortgage was that the mortgagor should pay **the principal sum of $15,000, with interest thereon, and the premium bid for obtaining said loan at the office of the said party of the second part in Denver, Colorado, according to the tenor and condi- tions of a certain first mortgage bond of even date here- withy for the said sum, interest and premium, executed and delivered by the said second party, contempora- neously with the instrument." The note or bond secured by the mortgage also con- tained a recital as to the loan of $15,000, and the pledge of said shares of stod^ as collateral security for the loan and the obligation of the mortgagor to pay to the asso- ciation **the simi of two himdred forty-eight and 75/100 dollars monthly, on or before the last day of each month, Digitized by VjOOQIC 148 Nakdimen v.
What to read after Arkansas Reports : Cases Determined in the Supreme Court of the State of Arkansas, At the ..?
You can find similar books in the "Read Also" column, or choose other free books by Arkansas. Supreme Court to read onlineMoreLess
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