The instrument's own words
page 1 · read by Gemma vision
389
Furthermore, I the said grantor, for myself and for my heirs, executors and administrators do covenant and engage the above demised premises to the said grantee, its successors and assigns, against the lawful claims or demands of any person or persons whatsoever, forever, to warrant, se- cure and defend by these presents.
And I, Celinda A Moulthrop, wife of the said Grantor, in consideration of the summing of the sum paid as aforesaid, do hereby release and forever quit claim the said grantee, its successors and assigns, all my right of dower in and to the aforementioned premises.
THE CONDITION OF THIS DEED is such, that whereas I have this day pledged and transferred to the said Corporation Eleven (11) Shares of its capital stock, said shares being in the 17th series, as collateral security, together with the real estate hereby conveyed, for the performance of the terms, covenants and conditions of this mortgage and of the note hereinafter mentioned, upon which shares the said sum of Twenty-two Hundred Dollars has been advanced to me by said Corporation, now therefore, if I or my heirs, executors, administrators, or assigns, shall pay unto the said Corporation, its successors or assigns the sum of Twenty-two ($22.00) Dollars monthly, each month and every month thereafter, at such times and places as shall be designated by said Corporation, or its successors or assigns, being the amount of the monthly dues on said eleven shares and of the month- ly interest upon said loan or advance of twenty-two hundred Dollars for which said shares are pledged- ed on and note mortgage given, together with all fine charges eligible by the By-Laws of said Corporation upon arrears of such payments, until said shares shall reach the ultimate value of two hundred dollars each, or if I or my heirs, executors, administrators or assigns, shall otherwise sooner pay unto said Corporation, its successors or assigns, said sum of twenty-two hundred Dollars, together with the said interest and fines as aforesaid, to the time of such payment, and until said loan shall be paid or cancelled by the ultimate value of said shares, if I shall pay all taxes and assessments on the granted premises, as they shall become due, shall keep the buildings thereon insured against fire in a sum not less than twenty-two hundred Dollars for the benefit of the grantee, its successors or assigns, at such insurance office, as it or they shall approve, and shall not commit or suffer any strip or waste of the granted premises, or by any breach of any covenant herein contained in whole or in part, or than this deed, as also a note of even date herewith, signed by me whereby I promise to pay to the grantee the said sums at the times aforesaid, the said bond be voided, otherwise shall be and remain in full force and effect.
Furthermore, I, the said grantor do hereby constitute and appoint the said Corporation, its successors and assigns, my Attorneys, irrevocable with, full powers of substitution and revoca- tion for me and in my name, or in its or their name or names at any time, in case of non-payment of the aforesaid monthly dues, interest, or fines for the period of three months, after any payment thereof shall be due, or on any other default in the performance or observance of the foregoing condition, to sell the granted premises, or such portion thereof as may remain subject to this mortgage, in case of any partial release of heremorph, together with all improvements that may be thereon, all benefit and equity of redemption of me or my representatives therein at public suction in said Charlestown first publishing a notice of the time and place of sale, once each week for three successive weeks, in any newspaper published in said County of Washington, and in its or their name or names, or as purchasers thereof any deed or deeds that may be necessary to vest in such purchaser or purchasers a full and absolute estate in fee simple therein; and such sale shall forever bar me and all persons claiming under me from all right and interest in the granted premises, whether at law or in equity.
And on sale thereof (hereby granting unto my said Attorneys power to continue or adjourn such sale from time to time) I do authorize said Attorneys to receive the amounts the same may be sold for, and out of the money arising from such sale, the grantee, or its successors or assigns, shall be entitled to retain sufficient money to repay said loan or advance in full, together with
page 2 · read by Gemma vision
interest and fines due, and all costs, charges and expenses incurred or sustained by
reason of any failure or default on the part of me or of my representatives to perform
and fulfill the conditions of this deed, including the taxes, assessments and premiums
of insurance, if any, theretofore paid by said Corporation, its successors or assigns,
upon said granted premises, rendering the surplus, if any, to me or my heirs or assigns.
And it is agreed that the grantee, or its successors or assigns, or any person
or persons in their behalf, may purchase at any sale made as aforesaid, and that no other
purchaser shall be answerable for the application of the purchase money; and that, until
default in the performance of the condition of this deed, I and my heirs, and assigns
may hold and enjoy the granted premises and receive the rents and profits thereof.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 12th day of
February, in the year one thousand nine hundred and forty-one
Signed, sealed and delivered
In the presence of
WILLIAM H. LESLIE, JR.
Louis S. Moulthrop (SEAL)
Celinda A. Moulthrop (SEAL)
STATE OF RHODE ISLAND,
County of Washington,
In South Kingstown, on the 12th day of February A. D. 1941 before me personally
appeared Louis S. Moulthrop and Celinda A. Moulthrop, his wife, each to me known and
known by me to be the parties executing the foregoing instrument, and they severally ac-
knowledged said instrument, by them executed, to be their free act and deed.
WILLIAM H. LESLIE, JR.
Justice of the Peace.
Received for record February 18th, A. D. 1941 at 2:05 o'clock, p. m., and recorded by
[Signature]
Town Clerk
The WAKEFIELD SAVINGS FUND AND LOAN ASSOCIATION, having received full payment of
all sums due on this mortgage, does hereby cancel and discharge the same. In testimony
whereof, said Association has caused its corporate seal to be hereto affixed by the
Treasurer thereof duly authorized, this 21st day of January 1944.
In presence of
Wm. H. Leslie, Jr.
WAKEFIELD SAVINGS FUND AND LOAN ASSOCIATION (Corporate Seal)
By Walter B. Easterbrooks
Treasurer.
Above discharge received for record January 26th, A. D. 1944 at 9:00 o'clock,
a. m., and recorded by
[Signature]
Town Clerk
The page as recorded
