Schoharie County NYGenWeb Site

Mortgage

Jacob H. Young to Joseph L. Brown 

contributed by A. G. Morris

Jacket (scanned image):

Mortgage

Jacob H. Young
to
Joseph L. Brown

Amount, $1450
Dated May 29th 1882
Schoharie County, ss.
Recorded on the 24th
day of April 1882
at 10 o'clock  15 M., A.M., in Liber
37 of Mortgages, at page 255
and examined

                                      Mortgage (scanned image):

This indenture, Made this twenty ninth day of March in the year of our Lord one thousand eight hundred and eighty-two between Jacob H. Young and Eliza A. Young, wife of said Jacob H. Young, each of Carlisle in the county of Schoharie and State of New York of the first part, and Joseph L. Brown, of Esperance county and State aforesaid of the second part.
Witnesseth, That the said parties of the first part, in consideration of the sum of one thousand four hundred and fifty ($1450) Dollars, have sold and By these Presents do grant and convey to the said party of the second part, his heirs and assigns, All that certain farm or lot of land situate in said town of Carlisle lately owned by Samuel Young, and bounded on the north by lands of Abram B. Carker; on the east by lands of Henry McNeill and others; on the south by lands of Ganthemes Lawyer, and on the west by lands of the heirs of Hagar Brown, the same containing seventy two acres of land, be the same more or less. Also another piece of land situate in same town of Carlisle bequeathed by will of Nicholas Young, Deceased, to the said party of the first part and bounded on the North by lands of Solomon D. Karker and Joseph Karker; on the east by lands of Abram Osterhout; on the south by lands of Gilbert Dana, on the west by lands of Jacob Angle and Marcus Angle the same containing thirty acres of land be the same more or less. The lot of land first above described being the whole of the lands owned by said Samuel Young.

                                    Endorsements (scanned image)

This grant is intended as a security for the payment of the sum of one thousand four hundred and fifty dollars with interest annually on the first day of April in each year, to commence from the first day of April 1882.
     The principal sum payable in installments of one hundred dollars on the first day of April in each year commencing on the first day of April 1883, when the first installment falls due and continuing until all is paid according to the conditions of a Bond this day executed and delivered by the said Jacob H Young to the said party of the second part; and this conveyance shall be void if such payment be made as herein specified. And in case default shall be made in the payment of the principal sum hereby intended to be secured, or in payment of the interest thereof, or any part of such principal or interest, as above provided, it shall be lawful for the party of the second part, his heirs executors, administrators or assigns, at any time thereafter, to sell the premises hereby granted, or any part thereof, in the manner prescribed by law, and out of all moneys arising from such sale to retain the amount then due for principal and interest, together with the costs and charges of making such sale, and the overplus, if any there be, shall be paid by the party making such sale, on demand, to the said Jacob H. Young or to his heirs or assigns.
     In Witness Whereof, the parties of the first part, have hereunto set their hands and seals the day and year first above written
Sealed and Delivered in
the presence of
     Mark W. Stevens                                                                                                     Jacob H. Young /s/
                                                                                                                                        Eliuza A. Young /s/

                                    Recording (scanned image)

State of New York
County of Schoharie} ss.:

     On this 29th day of March in the year one thousand eight hundred and eighty two before me, the subscriber, personally came Jacob H. Young and Eliza A. Young, his wife to me known to be the same persons described in and who executed the within instrument, and severally acknowledged that they executed the same; and the said Eliza A. Young on a private examination by me, apart from her husband, acknowledged that she executed the same freely, and without any fear or compulsion of her said husband.
                                                                            Mark W. Stevens
                                                                                   Justice of the Peace

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