BUYING FARMS WITH LAND-BAXK LOANS. 



15 



portion who borrowed on second mortgages held by the former owner 



were allowed longer than two years than was the ease with those who 



* 

 borrowed from men who were not the men from whom they pur- 

 chased. 



SIZE OF SECOND MORTGAGES 

 RELATIVE TO COST OF FARM PURCHASED 



AND WHEN 



SECOND MORTGAGES COME DUE 



PER CENT 



SECOND 



MORTGAGE 



IS OF COST 



OF LAND 



DOTS REPRESENT SECOND MORTGAGES MATURING EACH YEAR 



NUMBER 



OF 

 iECORDS 



PER CENT 

 OF ALL 

 RECORDS 



to 



1 



1 



YEAR 

 3 



BY W 



HICHS 

 S 



ECON 

 6 



D MOR 



7 



TGAG 

 8 



:s MU 



9 



ST BE 

 10 



FULL1 

 11-15 



f PAID 

 16-20 



21-30 



31 + 



61 + 

 51-60 

 46-50 

 41-45 

 36-40 

 31-35 

 26-30 

 21-25 

 16-20 

 0-15 





• 



o«« 



• 



• 9* 



• •• 

 • 



• 



• •• 



• •• 



• 

 • •• 



• 



• 



• •• 



• «• 



• •• 

 • 



• 



•» 



• 





39 

 59 

 72 

 33 

 59 

 52 

 46 

 51 

 57 

 59 



E3 



1 



••• 



• 



• 



• •• 



oa»sa 



••• 



• •• 



• • 





• ••a* 



• •a* 



• • 

 a. 



• • 



a 





• 

 ••• 



• 



0*» 



• 90 



CO* 



a* 



OftOO* 



eo*«c 



oecec 



• •a 



• • 



• • 



• • 



• 



• 



• 



• 

 • •• 



• 



• 



m* 







1 1 



pi^ 



■ 



••• 



• • 



•• 



• 



• •• 



• •« 



• CO 



• • 



•• 



••• 



• 



»»• 



• • 







a 



• 



• 



• • 



••• 



• 



• •• 



• •• 



oxoa 



• • 



• • 



• • 



• • 



• • 







• • 



• 







• • 



• • 



• a* 



• 



• •• 



• 



• •• 



• •• 



• •••• 



• •••c 



••• 



• • 



• 







• 





aaa 







• 

 • 



• 



(0* 



• 



• •• 



• •• 



• • 



• ••«* 



• 





• o* 





a* 





• 







• •• 



• 



• • 



• 

 • a* 



• 



• • 

 «• 



oo«c 



• 

 • 



• 



• • 





aaa 



aaa 



a 



a 







a 



• ••• 



• •• 



• ••• 



• 

 • •a** 



• •• 



• ••• 



••« 



• • 









• • 











• ••• 



• ••• 



• ••• 



• ••• 



• ••• 



• ••• 



• •• 



• 

 ••••• 





• ••• 



• ••• 



• ••• 







• 



• 



• 











PER CENT 

 OF ALL 

 RECORDS 



11.2 



9.3 



15.5 



6.4 



29.0 



4.2 



4.6 



4.3 



0.8 



9.7 



2.1 



2.1 



0.4 



0.4 





100 



NUMBER 



OF 

 RECORDS 



59 



49 



82 



34 



153 



22 



24 



23 



4 



51 



11 



11 



2 



2 



527 





Fig. 4. — Analysis of terms of 527 second mortgages given in connoction with purchase of 

 farms for which the first mortgag:(^s were held by Federal land banks. 



Taiu.e VII. — Time hij irhirJi sccoml mo it [/ages arc fuUy payable. 



[First mortgage held by Federal land banks, and piving of mortgages coincident to the purchase of the 



land. J 







Per cent fully payable— 



Holder of sccoud mortgage. 



Number 



of 

 records. 



By end 



of 

 second 

 year. 



After 

 second 

 but by 

 end of 

 fifth 

 year. 



After 

 fifth 

 but by 

 end of 

 tenth 

 year. 



After 

 tenlh 

 year. 



Special 

 (usually 

 no fixed 

 matu- 

 rity). 





3G 



5.S 

 17.0 

 33.1 



41.7 

 4S.4 

 53. S 



36.1 



27.6 



S.3 



5.5 

 6.6 

 2.1 



11.1 



other former owners 



395 

 145 



.3 



other than former owners 



2. S 











All cases 



570 



20.3 



49.3 



23.3 ' .=i-4 



1.7 











