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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from Dust by Mr. And Mrs. Haldeman-Julius: hold the sack. You must remember that the first mortgage comes in
for the first claim after taxes, and if the foreclosure doesn't
bring enough to satisfy more than that, the second mortgage is
sleeping on its rights."
"First mortgages, not seconds," said Rose.
"And while I'm on that, let me warn you about Alex Tracy, four
miles north and a half mile east, on the west side of the road.
He's a slippery cuss and you'll have to watch him."
"Alex Tracy, four miles north--"
"You'll find my mortgage for thirty-seven hundred in my box at
the bank. He's two coupons behind in his interest. I made him
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