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At the end of the year he will want more money, if he thinks you will have difficulty in getting it and there is a chance of your having to give up your home." "Oh!" "But a year from now I prophesy," said Mr. Day, "that your little house will be worth much more than it is to-day. At least it will be worth no less. It will be easier a year from now to raise another mortgage than it is right now.
As soon as possible after the grantee has received the deed, he should have it recorded. In every county in the different states there is an officer, known as register or recorder, whose duty it is to enter in regular folios, or books, a copy of every deed or mortgage presented to him. The document then becomes a part of the county records. The grantee must pay the recording fees.
This is too high a compliment. In returning I called to see the repairs at Lambeth, which are proceeding under the able direction of Blore, who met me there. They are in the best Gothic taste, and executed at the expense of a large sum, to be secured by way of mortgage, payable in fifty years; each incumbent within the time paying a proportion of about £4000 a year.
The holder of the mortgage had long demanded that he should be paid, but somehow even the interest was barely kept up, and the creditor finally threatened to sell us out. As it happened, the money had been lent by a deacon in the church, but notwithstanding this fact, he felt that he should have his money, and perhaps he really needed it.
"I have asked two or three to take the mortgage; but I haven't found anybody yet. Nobody down here has any money except my grandad, and it might as well be buried in the sea as to be in his trousers' pocket." "Did you want to see me about this business?" asked Leopold. "Yes." "Do you think I could help you out?" "That was my idea." "That's good!" laughed Leopold.
This was conclusive, and Abe's grin relaxed for several inches, nor did it resume its normal width until some days later when Morris began to negotiate for his permanent mortgage loan. Once Morris remonstrated with him for his levity. "Must you go around looking like a crazy idiot, Abe?"
Emily, whose face expressed a decided opinion concerning the visitor, walked out into the hall. Thankful remained. "Solomon," she said, in a whisper, "tell me. Have you made up your mind about that mortgage?" "Um? No, I ain't. Part of what I came over here today for was to find out a little more about this property and about Holliday Kendrick's offer for it.
Meantime, if you should need any money, Skinner will fix you up." "I'll not need any, thank you. I saved sixteen hundred dollars while I was in the Retriever " "Fine! Good boy!" exclaimed Cappy, delighted beyond measure at this proof of Matt's Yankee thrift and sobriety. "But don't save it, Matt. Invest it. Put it in a mortgage for three years.
I am not so unreasonable as to imagine even a rich man like you can produce a million dollars cash on such notice, so during the past week I took the liberty of having the title searched and an instrument of first mortgage drawn up by myself. All we have to do is to insert the figures and then you can sign it. I understand you have a notary within hailing distance.
Engle had been approached and was looking into it, might be persuaded to advance the couple of thousand dollars for the property, taking as security a mortgage until Elmer could have squared for it. Then Black Bill would begin stocking his place, a cow now, a horse, another cow, and so on. He had launched himself valiantly into his tale.
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