JOHN MYLREA snr to THOMAS CAIN

MORTGAGE - 1757 (BALLAUGH)

Know all men by these presents that I John Mylrea proprietor of the estate of Ballna Cooley in the parish of Ballaugh with the consent and conjunction of my uncles and guardians Nich Mylrea and John Mylrea pursuant to the tenor of an order of the Chancery Court bearing date the 8th of August 1852 for and in consideration of the full and just sum of thirty-seven pounds currency of this Isle now paid unto me towards the redemption of a mortgage which Robert Siddleton had of the premises hereafter mentioned by my friend Thomas Cain of the parish of KK Michael have given, granted, alienated and mortgaged and by these presents do give, grant, alienate, pass over and mortgage unto the said Thomas Cain all my right, title and property in and unto my Intack land situate in the curraugh of Ballaugh commonly known and distinguished by the name of Ballne Cooley’s Close adjoining the rent of John Tear on the east, the ............. William Stephen’s and John Clark’s rent on the south, William Corlett’s, John Stephen’s and Thomas Corlett’s rents on the west and John Stephen’s .............. the term of five years commencing from the date of these presents yielding and paying the rent with all suits and services annually incumbent on the premises and in case the sum of thirty-seven pounds be not fully repaid and satasfied at the expiration of the said term that it shall be lawful for the said Thomas Cain and his assigns to continue possession of the premises from year to year afterwards pursuant to the tenor of the Act of Settlement until the said sum be fully paid and satisfied provided nevertheless that I the said John Mylrea shall have the benefit and profits of the premises during the term of this demise ....................... that it shall be lawful for the said Thomas Cain to enter upon and continue possession until the said sum with the interest behind and in arrear with all charges attending this Deed be fully paid and satisfied by virtue of these presents, anything to the contrary notwithstanding and for the faithful and punctual performance of all and singular the foregoing covenants and conditions and every clause or sentence therein contained I the said John Mylrea and also Nich Mylrea and John Mylrea do bind ourselves, our heirs, executors and assigns in the penalty of ninety pounds sterling to be levied and paid according to the law and practice of this Isle. As witness our names and marks this 3rd October 1757. John Mylrea my mark X, Nicholas Mylrea his mark X, John Mylrea his mark X

3rd October 1757 John Mylrea acknowledged the before going Bill of Mortgage to be his voluntary act and deed and to be fully paid the consideration money therein mentioned. Before me Dan Lace

8th November 1757 Nicholas Mylrea and John Mylrea acknowledged the before going Bill of Mortgage to be their voluntary act and deed. Before me Dan Lace We the Setting Quest of Ballaugh do hereby certify that the yearly Lord’s Rent of the within Bill of Mortgage is one shilling and .... pence and this we return as our answer this 18th May 1758. John Craine my mark X, Thomas Cowley my mark X, William Corlett, William Corlett

At a Sheading Court holden at Peeltown the 18th May 1758 the before going Bill of Mortgage being acknowledged before the Deemster and now published in open Court and no objection offered against it it is therefore allowed of and confirmed according to law. John Taubman, Basil Cochrane, Dan Mylrea, John Quayle, John Frissel, Dan Lace

Cancelled by virtue of the receipt and discharge acknowledged before the Deemster and hereunto annexed. August 14th 1775. William Callow (Seneschel)

Know all men by these presents that I Philip Radcliff of the parish of KK Andreas and Jane Radcliff als Cain my wife the executrix of the will of Thomas Cain of the parish of KK Michael the mortgagee mentioned in a Bill of Mortgage given him by John Mylrea of the parish of Ballaugh of a certain parcel of Intack land called Ballne Cooley’s Close bearing date the 3rd day of October 1757 do hereby acknowledge to be fully paid and satisfied there consideration money of thirty-seven pounds therein mentioned by the said John Mylrea the mortgager and therefore do acquit, exonerate and discharge the said John Mylrea his heirs and assigns for the said consideration money forever and desire the original bill of Mortgage may be cancelled on record. As witness our subscription this 15th of December 1762. Philip Radcliff, Jane Radcliff X Witnesses thereto John Quayle, Thomas Radcliff

15th December 1762 Philip Radcliff and Jane Radcliff acknowledged the within discharge to be their proper act and deed. Before me Dan Lace

[Ref: NSM Oct 1757 #8]

NOTES

  1. John Mylrea was the heir-at-law to the estate known as Ballacooiley when his father died 1744, even though he was only 6 years old at the time
  2. He was 19 years of age when this mortgage was undertaken. Nicholas Mylrea snr his uncle and supervisor was a co-signatory
  3. When John's father Thomas died in 1744, he left his widow Isabel als Killip with two young children and mortgages over parts of Ballacooiley worth more than £50 plus interest. This 1752 mortgage was a debt consolidation exercise and five years later (1757), John took another mortgage to pay out this first contract, and ultimately sold a piece of Ballacooiley in 1762 to extinguish the second mortgage
  4. In 1758 John married Jane Clark and had 13 children: John (b1759) married Ellinor Corlett (and would become the next steward of Ballacooiley), Daniel (b1761) & Mary Hughes, Isabel (b1763) & Patrick Cowley, Jane (b1765) & James Corlett, Margaret (b1767) & Thomas Corlett, Ellinor (b1774) & John Caley, Ann (b1781) & John Corlett, Thomas (b1769) & Mary (b1772) died of smallpox within days of eachother in 1773, William (b1771), Ann (b1776) & Thomas (b1779) died in infancy
  5. After a relatively stable 25 years at Ballacooiley, John mortgagedthe estate in order to purchase adjoining land. This proved to be an unsound decision, leading to several mortgages and the ultimate sale of the 1777 purchase, all within 5 years

Associated Documents

Last updated: July 2014