ousal drew lot No. 27 in this partition, and under it twenty-four acres were set off to him next northerly of the Allen lot. It extended ninety-six rods northerly along Walnut Street from the Allen lot. In 1687, Mousal conveyed fifteen acres of the southerly part of this parcel to said Mr. Morton. Mr. Morton owned a large tract of land on the easterly side of Walnut Street, and for reasons on which we can speculate, and on which I hope he didn't, he mortgaged the whole tract for £ 200 to Elward Thomas, by mortgage dated November 18, 1697.
I think it no wonder that farmers and people unacquainted with business usually have such a horror of mortgages.
It seemed to them what actually appears in many instances of mortgages in those times, that a mortgage was really a mort-gage, a dead pledge; the property was gone forever.
Very frequently, so far as the record shows, no foreclosure was had and no conveyance made of the equity, and yet the mortgages would treat the property as if he wer