NICHOLAS MYLREA jnr to Thomas Tear

MORTGAGE - 1789 (Ballaugh)

Know all men by these presents that I Nicholas Mylrea of the parish of Ballaugh by and with the full consent and free approbation of Margaret Mylrea otherwise Kneen my wife for and in consideration of the sum of thirty-two pounds currency of this Isle already paid and satisfied by and from the hands of Thomas Tear of Balla Moana Mooar in the said parish hath given granted alienated passed over and mortgaged and by these presents do give grant alienate pass over and mortgage unto him the said Thomas Tear all and every that part of the Quarterland of Balla Corraige situated in the said parish and known by the name of Nicholas Mylrea’s Flatt bounded by the Church Road on the east, the Corvalla’s Quarterland on the west, and the rent of William Christory in said Balla Corraige on the north and south and of such Lord’s Rent as the Setting Quest shall adjust thereon to have and to hold said premise with all and every its ways, waters, watercourses, easements, houses, buildings, edifices, liberties and appurtenances to the same belonging or in any wise appertaining unto him the said Thomas Tear his executors, administrators and assigns for and during the term of five years commencing from the second day of January instant and from years at after/in case of non-payment of the said sum upon this time prefixed/until the said sum with all costs and charges attending this mortgage be fully repaid and satisfied pursuant to the tenor of the Act of Settlement provided nevertheless that I the said Nicholas Mylrea and Margaret my said wife are to occupy and reap the benefits of the said premise during this demise we hereby oblige ourselves our heirs executors administrators and assigns to pay unto the said Thomas Tear his heirs executors administrators and assigns the interest of one shilling per pound yearly and upon the expiration of each and every out of the said principal sum but in default and failure of such a payment of the said interest upon the end of each year as the same becomes due that then and in that case it shall be lawful for the said mortgagee to enter upon, enjoy, and continue the possession of the said premises from year to year afterwards until the said principal of thirty-two pounds and all interest behind and in arrear and all incident costs and charges due upon and attending this mortgage be fully repaid and satisfied and for the faithful performance of all and singular this Deed of Mortgage I the said Nicholas Mylrea and Margaret Mylrea my wife do bind and oblige ourselves our heirs executors administrators and assigns in the penalty of sixty-four pounds sterling as witness our subscriptions this 16th day of January 1789 Nicholas Mylrea (script) Margaret Mylrea my mark X

Signed and delivered in presence of John Tear, Dan Stephen

11th March 1789 Nicholas Mylrea and Margaret the executing parties to the beforewritten Deed of Mortgage acknowledged the same to be their voluntary act and deed and also to be paid the consideration therein mentioned before me Robert Farrant

The Setting Quest of the Parish of Ballaugh do settle and proportion on the premises mentioned in the foregoing Deed of Mortgage to bear and pay the yearly Lord's Rent of seven shillings and three pence Quarterland rent as witness our subscription this 13th day of May 1789 John Craine, William Kewley, John Corlett, Thomas Corlett

At a Court Baron holden at the house of Daniel Stephen in Ballaugh for Michael Sheading the 20th Day of May 1879 The beforewritten Deed of Mortgage having been acknowledged before the High Bailiff and now openly published in Court and no objection offered against it the same is therefore allowed of and confirmed according Thomas Moore, Richard Clague

Senechal's Office 3rd October 1808 I Thomas Tear the mortgagee within named do acknowledge to have received the full amount of the said mortgage and do therefore cancel the same. As witness my hand Thomas Teare

Witness Thomas Clague, John Corlett

Cancelled John Coshanan

[Ref: NSM May 1789 #35]

NOTES

  1. Ballacorraige
  2. Nicholas Mylrea jnr & Margaret Kneen were married in 1774
  3. Nicholas Mylrea jnr was the son of Nicholas Mylrea snr, who had been left nothing of significance by his father William Mylrea who died in 1733. Nicholas snr had managed to establish his own estate known as Ballacorriage, by purchasing land from his older brother Thomas, who inherited Ballacooiley
  4. Nicholas jnr received the Ballacorraige estate through his Marriage Contract, and Nick's Flat was evidently part of that estate
  5. Margaret &Nicholas jnr retained the use of Nick's Flat even though it was mortgaged. They repaid the mortgage in 1808, nineteen years after it was originally established
  6. This mortgage might have been the second of many taken by Nicholas jnr over the next two decades. The Ballacorraige estate was lost to this Mylrea family. While the circumstances are unclear, the grandson of Nicholas jnr and his guardians were involved

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Last updated: Oct 2015