Show L S r r E PlAN u j n nu r 1 WINNING fAVOR r It Scheme of Mortgage Mortgage age Repayment Repayment Repayment Repay- Repay 1 ment Is Is Taking Here That the mortgage repayment plan by home homo owners may cony obtain loans on their homes which are aro auto- auto paid In to the event of death during the life me of the tho contract Is win win- winding ding aing the same support here that has been t een accorded it ft in other sections of the United States In the last ten teon years ears I Is Sa s the declaration of ot Edward M. M lf Ashton Ashton Ashton Ash- Ash ton ton of ot the Ashton Jenkins company According to Mr Ashton a a. number of I cans Joans' have been mado made here with one death In this C case se death occurred i two weeks after tho the loan Tas raa 13 mado made and anil the tho widow received a deed to the Property when but on one Instalment had paid on the loani loan I lr i tl Tinder der this plan the widow or or-fam or fam- fam ily of the man soliciting the loan is Is' never leU left with a mortgage said Mr Ashton f i A little over oyer ten years ears ago the mortgage repayment plan was Introduced Introduced Introduced Intro Intro- as an aid to prospective home I owners Owners The details of the plan where where- by a mortgage on a first class j Hal property Is assume assumed l by the tho company company com com- pany any on a year ten repayment basis basi with i life Insurance for a corresponding Amount on tho the life of tho the owner are familiar It will Interest the public to know that in the ten years Just biased more moro than of these loans In n nover over cities for an aggregate of oft I t were made In four ninety four ty-four Instances death oc- oc but the Insurance Immediately i rendered the homes free and clear of all all Incumbrance In other cases eases tho owners completed their Installment instalment ment payments on the tho mortgages an and thus freed their homes while living JI i. i One lOne of the chief merits of the plan that no commission is charged the borrower for Negotiating the loan and furthermore all possibility of ot the own- own having er-having to renew the mortgage at the end nd of a three or year five-year period perlo with All the expense and annoyance this en entails entails en- en tails taUs is eliminated |