. Baltimore and Ohio employees magazine . prove-ment of a home, for building a residenceor making improvements, for paying offmortgages or other liens on property,and for the settlement of personal debtsthat may become hens, it is not to beunderstood that loans will not be madefor the purchase or improvement ofproperty not occupied or intended to beoccupied by the applicant as a home, noris there any limit to the number of loanswhich may be obtained. The depart-ment has record of one employe whonow owns twenty-eight houses, and hisbrother has almost as many. The security required is a first mo
. Baltimore and Ohio employees magazine . prove-ment of a home, for building a residenceor making improvements, for paying offmortgages or other liens on property,and for the settlement of personal debtsthat may become hens, it is not to beunderstood that loans will not be madefor the purchase or improvement ofproperty not occupied or intended to beoccupied by the applicant as a home, noris there any limit to the number of loanswhich may be obtained. The depart-ment has record of one employe whonow owns twenty-eight houses, and hisbrother has almost as many. The security required is a first mort-gage on improved real estate, whichmust be situated within one mile of thefine of Road, or one of its branches, orwithin the corporate hmits of a town orcity through or into which the Companyslines extend. If the application is approved, theapphcant must apply to the counsel ofthe Company for the county in whichthe property is located, for the prepa-ration of an abstract of title to the prop-erty offered as security, and this abstract. HOME OF CONDUCTOR L. D. MD. 43 44 THE BALTIMORE AND OHIO EMPLOYES MAGAZINE must show that the borrowers title there-to is, or can be made, perfect. This is aprotection to the borrower as well as tothe department. The borrower paysthe cost of making this abstract, and the
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectbaltimo, bookyear1912
