The instrument's own words
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8759
Loan No. SI 37-A-60925
ASSIGNMENT OF NOTE AND MORTGAGE
KNOW ALL MEN BY THESE PRESENTS, that HOME OWNERS' LOAN CORPORATION, of Washington, D. C., a corporate instrumentality of the United States of America, the mortgagee of the mortgage named in a certain mortgage given by Frances P. Palumbo and Thomas P. Palumbo, husband, dated the 29th day of July, 1936, and recorded on the 11th day of May, 1936, in Book 29, Page 206 of the Land Evidence Records of Land Evidence, in the Town of Charlestown, Rhode Island, in consideration of One Dollar ($1.00) and other good and valuable consideration, does hereby sell, assign and transfer to INDUSTRIAL TRUST COMPANY, duly created by the General Assembly of the State of Rhode Island, having its principal office and place of business at Providence, Rhode Island, a corporation organized and existing under the laws of the State of Rhode Island, the receipt whereof is hereby acknowledged, does hereby assign, transfer and set over unto the said INDUSTRIAL TRUST COMPANY for the said mortgage and the note and claim thereby secure.
The Assignor does hereby assign to the Assignee the entire corrective mortgage made by Frances P. Palumbo and Thomas P. Palumbo, husband dated the 29th day of July, 1936 and recorded on the 11th day of May, 1936, in Book 29, Pages 204-206, of Land Evidence in the Town of Charlestown, Rhode Island, together with the note and claim thereby secure.
This assignment made without recourse to the HOME OWNERS' LOAN CORPORATION, and is subject and subordinate to the right of any holder of a G.I. Loan guarantee secured by the said mortgage as may be evidenced by said note or discharge the indebtedness in whole or in part with bonds of the HOME OWNERS' LOAN CORPORATION.
TO HAVE AND TO HOLD the same unto said INDUSTRIAL TRUST COMPANY, its successors and assigns to use and benefit of the same, subject nevertheless to the conditions therein contained and subject to the provisions of the Act of Congress approved June 23, 1933 as amended.
Anything in the said mortgage, any extension, modification thereof, the said note, and this assignment to the contrary notwithstanding, the Assignee, its successors and assigns shall not be entitled or be entitled to collect interest on the assigned debt at a rate in excess of four and one-half per centum per annum.
IN WITNESS WHEREOF, the said HOME OWNERS' LOAN CORPORATION has caused these presents to be executed in its corporate name by its Assistant Treasurer and its corporate seal to be hereto affixed in the City of New York, this 5th day of January, 1950.
HOME OWNERS' LOAN CORPORATION (Corporate Seal)
By Nelson C. Simonson
Nelson C. Simonson
Assistant Treasurer
STATE OF NEW YORK }
CITY OF NEW YORK } ss.
COUNTY OF NEW YORK }
On this 5 day of January, 1950, before me came Nelson C. Simonson, to me known, to be my sworn witness, did depose and say, that he resides at 152 East 83 Street, New York, New York, New York, that he is the Assistant Treasurer of Home Owners' Loan Corporation, the corporation described in and which executed the foregoing instrument; that he executed the seal of said corporation; that the seal is the seal of said corporation and that he affixed the seal to the office by order of the Board of Directors of said Corporation, and he signed his name thereto by like order.
ARTHUR B. AURE (Notarial Seal)
Arthur B. Aure
Notary Public, State of New York
No. 2461 Vol. 11
Qualified in Kings County, Cert. filed with
Clerk of P. C. B. Court, Broughm, Queens, Nassau
Counties, and Register in Kings, N. Y., Bronx,
Queens Counties
Term expires March 30, 1951.
Received for record January 23rd, A. D. 1950 at 2:10 o'clock, p. m., and recorded by
[Signature]
Town Clerk
----
DISCHARGE OF MORTGAGE
THE INDUSTRIAL NATIONAL BANK OF RHODE ISLAND, formerly INDUSTRIAL TRUST COMPANY, assignee of a certain mortgage made by Frances P. Palumbo and Thomas P. Palumbo to HOME OWNERS' LOAN CORPORATION dated July 29, 1936 and recorded in the Charlestown Land Evidence Records in Book 29 at Page 204 has been paid in full and completely satisfying. THE INDUSTRIAL NATIONAL BANK OF RHODE ISLAND acknowledges the assignment of said mortgage from the HOME OWNERS' LOAN CORPORATION and hereby cancels the same.
IN TESTIMONY WHEREOF, said THE INDUSTRIAL NATIONAL BANK OF RHODE ISLAND has caused these presents to be signed and its corporate seal to be hereto affirmed by Donald J. Bergeron its Official Assistant, duly authorized this 28th day of June, A.D. 1976.
Signed, Sealed & Executed in Presence of:
THE INDUSTRIAL NATIONAL BANK OF RHODE ISLAND
Gila A. PANTALONI By Donald J. BERGERON
Donald J. Bergeron
Official Assistant (Corp. Seal)
Received for record, July 2nd A.D. 1976 at 11:30 o'clock A.M. and recorded by [Signature] Deputy Town Clerk
The page as recorded
