Form No. 11 A, Steamer. MORTGAGE (to secure Principal Sum and Interest).* (a) "I" or "we." (b) "Me" or "us." (a) in consideration of do hereby for (c) and (d) the undersigned or" ourselves." day lent to (b) by heirs, covenant with the said heirs, executors, or administrators will pay to the said (d)" My" or "our." * See Merchant hipping Act, s. 73. this or (d the said sum of together with interest thereon at the rate of day of per (a) "I" or next; and secondly, that "we." or (d) (b) “Me” or cent. per annum on the if the said principal sum is not paid on the said day (a) heirs, executors, or administrators, will, during such time as the (c) "Myself" or "us." interest "ourselves." "our." same or any part thereof remain unpaid, pay to the said on the whole or such part thereof as may for the time being remain My" or unpaid, at the rate of per cent. per annum, by equal half-yearly (e) "I am" or day of and day of in 64 we are." (f) Insert the the repayment day fixed for payment of printhe cipal as above. (9) If any prior payments on the every year; and for better securing to the said in manner aforesaid of the said principal sum and interest (a) hereby mortgage to the said shares, of which (e) in the ship above particularly described, and in guns, ammunition, small arms, and appurtenances. (a) that this mortgage is made on condition that the power of sale which by registry of the the Merchant Shipping Act, 1854, is vested in the said be exercised until the said (ƒ) owner for (c) and (d) assigns that (a) her boats, incumbrance, declare add, "save as appears by the Lastly, (a) shall not said ship." and day of heirs, covenant with the said ha power to mortgage in manner aforesaid the above-mentioned shares, and that the same are free from incumbrances. (g) N.B.-In case of Transfer it may be made by Indorsement in the N.B.—In case a Mortgage is paid off the following Memorandum of its (a) Here state by way of recital that there is an account current between the mortgagor Whereas (a) Total Register Tonnage Now (b) premises for (c) and (e) (describing him) said and the mort gagee (describing him; and describe the nature of the the undersigned in consideration of the and (d) heirs, covenant with the assigns, to him or them the sums for pay the time being due on this security, whether by way of principal or interest, at the times and manner aforesaid. And for the purpose of better securing to the said the payment of such sums as last shares. do hereby mortgage to the said in the ship above particularly transaction, so as aforesaid (b) to show how the of which (f) amount of prin the owner cipal and interest described, and in her boats, guns, ammunitions, small arms, and due at any given time is to be ascertained, and the manner and time of payment. (b) "I or "we." (c)" Myself" or "ourselves." (d) "My" or "our." the said and (e) "we." ha power to mort- (b) “I” or gage in manner aforesaid the above-mentioned shares, and that the same (a) My" or are free from incumbrances (g). In witness whereof (b) and affixed (d) assigns that (b) one thousand eight hundred and Executed by the above-named in the of presence name "our." or we are." (g) If any prior incumbrance add, "save as ap pears by the "registry of the "said ship." N.B.-In case of Transfer it may be made by Indorsement in the following form:— of this day paid to (b) transfer to (c) witness whereof (d) and affixed (e) eight hundred and by in consideration (a) "1" or hereby "we," name one thousand the benefit of the within-written security. In Me" or "us." (d) "I" or (e) "My" or "our." Executed by the above-named in the presence of N.B.-In case a Mortgage is paid off the following Memorandum of (a) Here state by way of recital that there is an account current between the mortgagor (describing him) and the mortgagee (describing him;) and describe the Measurements. Length from the forepart of the stem under the bow- Main breadth to outside plank Depth in hold from tonnage deck to ceiling at midships Tonnage under deck Closed-in spaces above the tonnage deck, if any; viz., Poop Whereas (a) the undersigned and (d) and (e) nature of the transaction, so as to show how the Now (b) amount of prin- premises for (c) cipal and interest due at any given time is to be in consideration of the heirs, covenant with the said assigns, to pay to him or them the sums for the time being due on this security, whether by way of principal or ascertained, and interest, at the times and manner aforesaid. And for the purpose of the manner and better securing to the said time of (b) "I" or we." (c)" Myself" or ourselves." (d) "My " or "our." (e)" His" or "their." (f)"I am" or "we are." shares, of which (ƒ) the payment of such sums as last do hereby mortgage to the said the owner ship above particularly described, and in her boats, guns, ammunition, small arms, and appurtenances. in the heirs, covenant with See Merchant Shipping Act, 1854, s. 73. |