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Show mmm plan FOR SELLING RICHLA1 ACRES Tho Logan Land & Dralnngo company com-pany nnuounccs Its now plan for soil-in soil-in IMchland Acres. Tho plan Is tho same, practically, as tho ono adopted by tho Federal Fnrm Loan associations, associa-tions, basing tho paymonts on tin amortlgatlou table whereby a loan Is paid off by making an annual Installment In-stallment payment which Includes principal nnd Interest. Tho plan varies with tho number of years It takes as Its period of loan. In tho caso of tho one, tho company has adopted, tho period of tho loan Is for twenty years at G ).-vr cent, to which Is added a llttlo moro than 2 per cent to mako tho annual payment, which will pay off tho principal and Interest. Tho annual payments vary from $8.00 to $1C00 per aero, according ac-cording to tho class of land bought. Tho plan Is to ask $10.00 or $20.00 per aero as a first payment, according to tho class of land purchased. pur-chased. Tho company thon gives a deed to tho property nnd practically loans tho buyer tho balanco of tho nurchaso nrlco. taking as security a first mortgage which Is to bo paid by twenty notes falling duo annually, tho sum of tho noto npplylng on both Interest and principal. At any payment pay-ment date, which Is December 1 of each year In ovory caso, tho balanco of tho purchaso prlco romalnlng unpaid un-paid may bo paid In full, allowance being mado for tho unearnod Interest. Inter-est. In this way tho buyor Is enabled en-abled to moot his payments from tho produco of tho land and to save such a big surplus that ho can mako improvements im-provements as ho needs thorn. Tho amounts aro less than rental on good land. Theso terms aro so llboral that peoplo peo-plo wonder how thoy can bo glvon. It Is because tho company Is ablo to securo cheap monoy and Ib willing to glvo tho purchaser tho bonoflt of It, nt tho samo tlmo realizing that tho buyor will mako such Improvements Improve-ments as to mako tho security hotter every year. Tho plan Is almost precisely pre-cisely tho samo as will bo used by tho Federal Farm Loan associations, being moro liberal, In fact, becauso of tho great proportion of tho valuo of thu land secured by first mortgage. mort-gage. Tho company also noes a way to help tho buyor over tho first two or threo years whon tho work will bo tho hardest In getting tho land Into a high stato of production. In mis way uiciuaiiu ncrun win u rui-tled rui-tled up very fast, and will becomo a valuablo holding. In short, tho plan Is ono of mutual holp, tho company oxpectlng to aid tho farmor and, In return, bolng aided by tho farmer. "Wo havo mndo every effort," says Manager A. F. Cardon, "to protect pro-tect tho purchaser In IMchland Acres, sp that by no moans could ho bo deprived of rights In his land. Wo could easily havo sold mo3t of this land on a contract for a deed, but thero Is an olomont of risk, oven with tho host of companies, which wo did not Intend to croato for our patrons. pa-trons. By giving thorn deeds to tholr land nnd taking a first mortgago wo provldo an oxcellont security for ourselves our-selves and, at tho samo tlmo mako tho buyor absolutely securo. In all of our dealings In Richland Acres wo havo sought to glvo fair troat-mont troat-mont to everybody, and wo think wo havo dono so. Many peoplo thought wo woro planning all sorts of crafty ways to get tho gullible public. By this now plan of ours wo domon-strato domon-strato our dcslro to bo porfoctly fair and honest. Tho plan has tho on-dorsemont on-dorsemont of thoso men who aro In tho best position to Judgo of operations opera-tions of this kind, and wo aro suro will recoivo tho ondorsomont of tho jH farmers' bankers." HJ Tho company Is proparlng for a big business In soiling Richland jH Acros. Many peoplo who havo beon IH told of tho plan havo begun to closo ;H deals for purchasing dcslrnblo lots. H Tho Cardon company has n list of H prospective purchasers that will koop H them busy all spring. H ' |