Monsees-First Series Mechanics B&L Assn. Agreement, Aug. 3, 1906

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E. M. [Armfield?]

$700.00 J.E. Monsees and wife To First SERIES Mechanics' Perpetual Building and Loan Association.

Dated Erd. day of August, 1906

Last edit about 2 months ago by High Point Museum
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High Point N. C. August, 3rd. 1906. $700.00

We, J. E. Monsees and [wife] promise to pay to First Series Mechanics Perpetual Building and Loan Association, of High Point N. C., the sum of ($700.00) Seven Hundred and 00/100 Dollars, for money loaned, with interest at the rate of six per cent. per annum, payable monthly, which amount is secured by a mortage of even date herewith, and upon default in the performance of any of the conditions expressed in said mortgage, or in the constitution and by laws of the Association, this bond is to become due immediately, and the Association may, at once exercise the powers conferred in said mortgage.

Witness our hands and seals this the 3rd day of August, 1906 J. E. Monsees (SEAL) C. E. Monsees (SEAL)

Satisfied in full this Aug 11th 1913 Witness T. W. Albertson

Mechanics Perpetual Building & Loan Association W. F. Armfield Sect'y & Treas

Last edit about 2 months ago by High Point Museum
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HIGH POINT, N. C., August, 3rd. 1906.

For value received we hereby assign to First Series MECHANICS' PERPETUAL BUILDING AND LOAN ASSOCIATION, of HIGH POINT, N. C. Seven shares of the stock therein as collateral security for a loan of ($700.00) Seven Hundred and 00/100 Dollars, and upon default in repayment of said loan, interest and costs thereon, at maturity, or at the time of its falling due, in case bond on reverse side hereof should come due by failing to perform the conditions therein expressed, do hereby authorize the said Association, by its Secretary and Treasurer, to sell said stock at public or private sale at discretion, without advertisement or notice.

Witness our hands and seals this the 3rd day of August 1906 J. E. Monsees (SEAL) C. E. Monsees (SEAL)

Last edit about 2 months ago by High Point Museum
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