Materials of Corporation Finance

assignee of this mortgage, the amount of principal and interest that may be due on this mortgage, and whether or not there are any offsets or defenses to the same, and upon the failure to furnish such certificate after the expiration of six days in case the request is made personally, or after the expiration of thirty days after the mailing of such request in case the request is made by mail, this mortgage shall become due at the option of the holder thereof, anything herein contained to the contrary notwithstanding.

Tenth-It is expressly understood and agreed that the whole of said principal sum and the interest shall become due at the option of the mortgagee, upon failure of any owner of the above-described premises to comply with any requirement of any department of the City of New York, within six months after notice in writing of such requirements shall have been given to the then owner of said premises by the mortgagee, anything herein contained to the contrary notwithstanding.

Eleventh-Every provision for notice and demand or request contained herein shall be deemed fulfilled by written notice and demand or request personally served on one or more of the persons who shall at the time hold the record title to the premises, or on their heirs or successors, or by registered mail directed to such person or persons or their heirs or successors, at his, their or its address to the mortgagee last known.

In Witness Whereof, the said mortgagor hath signed and sealed this instrument the day and year first above written.

Signed, sealed and delivered

in the presence of:

William Jones, (L. S.)

James Smith, (L. S.)

State of New York

County of

}

SS.

A. C. Brown, Inc. (Seal)
Richard Roe, President.

On this tenth day of November, in the year one thousand nine hundred and thirteen, before me personally came Richard Roe to me known, who, being by me duly sworn, did depose and say, that he resides in the City of New York; that he is the president of the corporation described in, and which executed the foregoing instrument; that he knows the corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like order.

(Notary's official signature.)

BOND TO ACCOMPANY REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS,

A. C. BROWN, Inc.

That

hereinafter designated as the obligor, is held and firmly bound unto John Doe

hereinafter designated as the obligee, in the sum of Ten Thousand ($10,000) Dollars,

lawful money of the United States of America, to be paid to said obligee, his administrators, executors or assigns; For which Payment, well and truly to be made, it does bind itself firmly by these presents. SEALED with its seal dated the tenth day of November, one thousand nine hundred and thirteen.

Whereas, A. C. BROWN, Inc.

has executed and delivered to John Doe certain bond or obligation, dated the tenth day of November, 1913, conditioned for the payment of the sum Ten thousand ($10,000) Dollars, on Wednesday the tenth day of November, one thousand nine hundred and fifteen, with interest thereon, to be computed from the tenth day of November, 1913, at and after the rate of six per centum per annum and to be paid semi-annually on the eleventh day of May and tenth day of November;

which said bond is secured by a certain mortgage, made by A. C. BROWN, Inc., to said obligee named in said bond, bearing even date with said bond, and covering certain premises fully described in said mortgage, situate in the Borough of Manhattan, in the City of New York,

(description)

Whereas, to induce the said obligee to loan Ten thousand ($10,000) Dollars, the said obligor hath agreed to make, execute and deliver this bond as further and additional security for the payment of the said above-mentioned bond and mortgage.

Now therefore the condition of this obligation is such, that if the parties bound to pay the moneys secured by said bond and mortgage, or the above-bounden obligor, A. C. BROWN, Inc., shall well and truly pay, or cause to be paid, to the said obligee, his administrators, executors, or assigns, the just and full sum of Ten thousand ($10,000)

Dollars, together with all interest thereon, as the same shall become due and payable according to the terms and conditions of the aforesaid bond and mortgage; and if the said obligor, A. C. BROWN, Inc., shall at all times hereafter, hold, indemnify and save harmless the said obligee, John Doe, his administrators, executors and assigns, from and against all loss, damages, costs, expenses, suits, actions, claims and demands whatsoever, which he or they may or might otherwise, at any time hereafter, sustain, suffer, be liable to or oblige to pay under or by reason of and default in any of the terms, provisions, covenants or conditions of the aforesaid bond and mortgage, then this obligation to be void, otherwise to remain in full force and virtue. A. C. BROWN, Inc.

Signed, sealed and delivered

in the presence of

{

Richard Roe, President.
Frank Herbert, Secretary.

William Jones (L. S.)

James Smith (L. S.)

(Corporate Acknowledgment of
President and Secretary.)

CERTIFICATE BY PRESIDENT AND SECRETARY AS TO CONSENT OF STOCKHOLDERS TO MORTGAGE

A. C. BROWN, Inc., a corporation organized under the Laws of the State of New York, Richard Roe, President, and Frank Herbert, Secretary, of said corporation, Do Hereby Certify under the seal of said corporation, that the holders of not less than two-thirds in amount of the capital stock of said corporation have duly consented in writing to the execution and delivery by said corporation to John Doe or to any other person or corporation, of a mortgage for Ten thousand ($10,000) Dollars, upon that portion of the real estate owned by said corporation which is situated in the Borough of Manhattan, of the City of New York.

All that (description of property).

to secure payment of a bond of said corporation to be made to the lender of said sum, conditioned for the payment of the said principal sum of Ten thousand ($10,000) Dollars on the tenth day of November, Nineteen hundred and fifteen with interest to be computed from the tenth day of November, 1913, at the rate of six per centum per annum and to be paid on the eleventh day of May, next ensuing and semi-annually thereafter until the whole of said principal sum shall be fully paid and that said bond and mortgage be in such forms and contain such other terms, provisions, conditions, stipulations and agreements as shall be agreed upon by the proper officer of said corporation executing the same and such lender.

In Witness Whereof, said corporation has hereunto caused its corporate seal to be affixed and said Richard Roe, President, and Frank Herbert, Secretary, have hereunto subscribed their names, this eighth day of November, Nineteen hundred and thirteen.

A. C. BROWN, Inc.

RICHARD ROE,

President.

FRANK HERBERT,

Secretary.

(Corporate Acknowledgment of President and Secretary.)

CORPORATE MORTGAGE

JONES & LAUGHLIN STEEL COMPANY

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FIRST TRUST AND SAVINGS BANK AND EMILE K. BOISOT, TRUSTEES