Chattel Mortgage, signed by J.H.G. Heyer and F. Desloge, Potosi, Washington County. Loan made by Firmin Desloge to John H.G. Heyer in the amount of $1,000. Personal property offered as collateral: 1 horse, 1 two horse wagon, 1 spring wagon, 1 horse buggy, all supplies currently held in Heyer’s store. It appears these funds were used to pay a portion of a judgement settled against Mr. Heyer by the District Court, in the amount of $2,300. The mortgage is marked satisfied as of May 21, 1872, on the reverse., 1870 Jan 20
Scope and Contents
The collection consists mainly of land record documents showing the activity of Firmin V. Desloge in St. Francois County and Washington County, Missouri. The collection is mostly made up of Trust Deeds, various deeds of conveyance, and Chattel Mortgages. Also included are notes for loans made, communication with purchasers of ore from the Desloge Lead Mine Company and volumes relating to the purchase of the Bogy Lead Mine and the creation of the Desloge Consolidated Lead Company. Documents found in the collection include the following: Trust Deed (or Deed of Trust): There are three parties to this document: Party of the 1st Part, the Borrower; Party of the 2nd Part, the Trustee; Party of the 3rd Part, the Lender. The document is recorded, in the county in which the property is located, for the term agreed upon, by the borrower and lender, in the signed Promissory Note. The Trustee holds the right (foreclosure) to sell the property, at the courthouse door, in case of default. General Warranty Deed: Written instrument used to transfer ownership/title of a property from the seller (grantor, party of the first part) to a buyer (grantee, party of the second part). In a Warranty Deed the Grantor guarantees that they legally own the property with no outstanding liens, mortgages or encumbrances, the document further warranties the clear title of the property. Quit Claim Deed: Written instrument that transfers ownership/title from owner (grantor, party of the first part) who has terminated, or quit, his claim to the property to a recipient (grantee, party of the second part). This deed makes no guaranty and provides no warranty to the clear title of the property. Deed: Written instrument that is signed and delivered, especially one regarding the ownership of land. Trustee’s Deed: Written instrument that transfers legal title/ownership to a purchaser (grantee) after foreclosure, default of loan terms. In this case, the seller of the property is the Trustee established in the recorded Trust Deed. Chattel Mortgage: A mortgage made against movable/personal property, if the loan falls into default, the items offered as collateral are forfeited to the lender. Note: Document that established amount of money borrowed and the terms for its repayment, including any interest to be charged.
Dates
- 1870 Jan 20
Conditions Governing Access
The collection is open for research use.
Extent
From the Collection: 0.5 Cubic Feet ( (1 box; 2 volumes))
Language of Materials
English
Creator
- From the Collection: Desloge Lead Mining Company (Author, Organization)
Repository Details
Part of the Missouri Historical Society Library and Research Center Repository