Show u r NEW HOTEl WILL I I f t SOON BE STARTED I Big Bi Mortgage Given by Peery Company to New Jersey i I Jr Firm Is Recorded I Ii i t I That a new hotel building at the tho f eor 8 of Third south and West W Bt Tem Tern Temple i i pie streets will wilt soon be under process of or construction was evidenced yester yeater day da Ii h the recording of ot a mortgage for fl glen given by the Peery Peel Hotel 1 t company com paR to the Jona vona Investment Inv I com of ot New t company pan Jerrey The property covered in the mort mortgage mortgage r t gage cage lies i h block 59 plat pInt A Salt Lake City CIt survey between Third South and streets and fronting on West Wed Temple street i I The mortgage is given giveR to cover twelve promissory notes of ot o I east Jated dated November 1 1910 running t t t five year years and bearing 7 T per pr cent in interest Interest I terest i It is provided in the mortgage that the amount of the loan shall be de deposited deposited posited in the Utah National bank of Ogo Ogden n and that the funds shall b be r disbursed only on certificates issued I by the architect a or superintendent these I certificates to be approved by b J 3 E Dooly Deoly and the secretary of the Peery i f Hotel company as the th work ork progresses c It is also provided that the net rentals I of the building are to be applied I t f monthly towards the payment of ot the tha I indebtedness of ot the mortgage if It de da demanded deI by the mortgagee I The Peery Hotel company compan as mort mortgagor mortgagor I gagor gegor is to pay all taxes and the im improvements Improvements I on the property pro pert are to be beI I insured for tor not less than J in Int I favor lr of ot the mortgagee mort gee t p |