Covenants

Scope and Content

Joseph Hankes the younger of Snaith, liquor merchant, and Dinah his wife; John Leatham, James Jackson, Thomas William Tew, Edward Trueman, Richard Rodes Milnes, and William Leatham, bankers and copartners at Pontefract.
Messuage, tenement or dwellinghouse in Snaith, with its warehouse, garden and garth, two stables adjoining the warehouse, an outbuilding adjoining the garden (no mention of right of way), in the tenure or occupation of Mr Samuel Latham.
The lands had already been surrendered, subject to provisos of this indenture, to secure two bank accounts, one in name of Hankes alone, other in joint names with John Hankes, the overdrafts on which were respectively limited at £400 and £600, to include all charges. Surrender to be void if Hankes pays off overdrafts.
Covenants by Hankes for payment; by Hankes and wife for title to make surrender, and that if they default on payments the bankers may enter the property and occupy it peacefully; Hankes to assure bankers' title at his cost if necessary, and abolishing the right of redemption; Hankes to insure the property at the Phoenix Fire Insurance office or with some other insurance company at London or Westminster for £700 at least, for as long as in debt to bankers, and covenants to produce evidence of having paid the premiums, on request, otherwise the bankers may take out the insurance in their and Hankes's names, charging the costs to the income from the property with 5% interest, the lands not to be redeemed until those costs are paid.

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