Farmers' and country merchants' almanac and ready reference book . to be found by adding the amount paidfor the equity of redemption to the mortgage debt. The fiict that one partof the consideration is paid to the mortgagor and the other part to themortgagee does not change the liability of the conveyance. The stamp tax upon a mortgage is based upon the amount it is given tosecure. The fact that the value of the property mortgaged is less than thatamount, and that consequently the security is only partial, does not changethe liability of the instrument. When, therefore, a second mortgage isgiv
Farmers' and country merchants' almanac and ready reference book . to be found by adding the amount paidfor the equity of redemption to the mortgage debt. The fiict that one partof the consideration is paid to the mortgagor and the other part to themortgagee does not change the liability of the conveyance. The stamp tax upon a mortgage is based upon the amount it is given tosecure. The fact that the value of the property mortgaged is less than thatamount, and that consequently the security is only partial, does not changethe liability of the instrument. When, therefore, a second mortgage isgiven to secure the payment of a sum of money partially secured by a priormortgage upon other property, or when two mortgages upon separate prop-erty are given at the same time to secure the payment of the same sum,each should be stamped as though it were the only one. Ding, dong, bell! WILKINS is bound to sell. (See p. 96.)19 The Largest, the Cheapest and Best BOOR and STATIONERY STORE in Albanyis BENDERS, T3 State Street, Albany. 248 farmers almanac. JOHN LOUDON,. Mnt%.^^M § MANUFACTURER AND DEALER IN SASH, DOORS, BLINDS, WINDOW AND DOOB FEAMES, CASINGS, AND CORNICE MATERIALS, Moldings of all kinds and shapes, Planing andSawing to Order, Pickets Planed and Pointedready for use. Material Worked to Orderfor Verandahs, Piazzas, Porches, Vesti-bules, Otservatories, in short, iYTiii m lyiBYTiiiG wmm ti iisi miiiik. All orders promptly attended to. Builders are respectfullyinvited to call and examine before pnrcbasingr elsewfhere. Office and Shop in Second Story of Machine Shop Building, FORT EDWARD, Virashingfoii Co.,N. Y. Heavy and Light Carriages at Joubert & Whites, Glens Falls. Heavy SHIRTS and DRAWERS for 62 Cents, at a iii-e-tittinii; snit of tL(KI lES, ^o to WAITS. (See page 81.) STAMP DUTIES. ^49 A mortgage given to secure a surety from loss, or given for any purposewhatever, other than as security for the payment of a definite and certainsum of money, is taxable o
Size: 1721px × 1451px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1870, bookidfarmerscount, bookyear1870
