Hills of the Shatemuc by Susan Warner
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page 16 of 981 (01%)
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"Why," said Rufus a little impatiently, "don't you know that when papa bought the property he couldn't pay off the whole price right down, and so he was obliged to leave the rest owing, and give security." "What security?" "Why, a mortgage on the farm, as I told you." "What do you mean by a mortgage?" "Why, he gave a right over the farm -- a right to sell the farm at a certain time, if the debt was not paid and the interest upon it." "What is the debt?" "Several thousands, I believe." "And how much does he have to pay upon that every year?" "I don't know exactly -- one or two, two or three hundred dollars; and that keeps us down, you see, till the mortgage is paid off." "I didn't know that." They sat silent a little time. Then Winthrop said, |
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