Event: Indenture of Mortgage

Date: Dec. 5, 1888 @ St. John's

Basically, what happens here is that in the course of doing trading business with each other over the years, William Kough became indebted to the firm of James & William Stewart to the tune of nine thousand dollars, which William couldn't pay back. A deal (compromise) was made whereby William was to pay to James Stewart the sum of two thousand dollars, and hand over the deed to two parcels of land and mercantile business's in Bonavista described below:

1. Bounded on the east side by a public road by which it measures two hundred feet more or less, on the north by land the property of James Ryan, on the west by the waters of the harbour of Bonavista and on the south by land the property of one Reader and one Powell together with the shop, wharves, flakes and all other erections thereupon.
2. That parcel of land bounded on the west by the public road by which it measures two hundred and fifty feet more or less, on the north by land belonging to James Ryan, on the east by waters of the Harbour Pond and on the south by land belonging to one Reader and one Powell together with the dwelling house, stores and all other buildings and erections thereon.

Further, that the sum of two thousand dollars to be paid by William Kough to James Stewart, his heirs, executors and assigns, in equal payments of two hundred dollars each on the 15^th day of November in each and every year until the whole of the said sum has been fully paid and observe and perform all the covenants and all conditions in these presents contained