Mortgage by Assignment in Trust

Reference Number
0028B/1/2/14
Level of Description
Item
Title
Mortgage by Assignment in Trust
Date
22 March 1796
Extent
Extent: 1 item
Description
1. Robert Clement, Banker, Henry Edward Howse, late Mercer, Samuel Howse, Wine Merchant, and William Basnett, Gold and Silver Smith, all of the city of Bath.
2. Benjamin Hobhouse of Hartham House, c. Wiltshire, Esq., the Rev. John Simpson, Clerk, Robert Richards, Stationer, Matthew Hill, Wine Merchant, and Samuel Rogers, Gent, all of the city of Bath.

Whereas the parties of 1. purchased the messuage or tenement in Trym Street for the intent or purpose of taking down the said messuage or tenement, and erecting a Chapel or building as place of worship for the assembly of a congregation of Protestant Dissenters, lately assembled at their Meeting House in Frog Lane.
Whereas the parties of 1. accordingly caused the said messuage to be taken down and a Chapel to be built, and laid out and expended in said erection the sum of £1531.2s together with the purchase money of £850 a total sum of £2381.2s. In order to repay themselves the said sum they collected and recieved from the members of the aforesaid congregation the sum of £1503.1s Which said sum deducted from the sum of £2381.2s leaves due and owing to Robert Clement, Henry Edward Howse, Samuel Howse and William Basnett the sum of £878.1s
Whereas in order to secure the repayment of the said sum, 1. have agreed to assign the premises to 2.

All that Chapel situate in Tryme Street for the residue of a term of 900 years, from 1. to 2. in trust for the repayment of £658.10.9 and interest, being 3/4 of the sum of £878.1, the said Henry Edward Howse having waived his claim to the other 1/4 part of the said sum for the benifit of the said Congregation.

Endorsed: Reciepts for payment of £71.14s, £510, £45, and £45 being principle and interest as within.
Further Endorsed: 10 April 1820, Resignation of trustees, Matthew Hill and Samuel Rogers resign their possitions as trustees.
Further Endorsed: n.d., [on front of document] 'This deed is wholly inefficient in consequence of not having been registered pursuant to the provisions of the Statute of Mortmain.'
2 Copies.
Place Name
trim street
Bath St Michael (Parish, Bath)
Subject
Religion
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