2/27/1951 · MORTGAGE · book 32 page 428 doc 2822@32/428

299 We, Carl J. Berggren and Mildred W. Berggren, husband and wife, both of the Town of Charlestown, County of Washington, State of Rhode Island, for consideration paid, grant to Leon M. Grinnell and Pearl M. Grinnell, husband and wife, both of said Town, County and State, as Joint tenants and not tenants in common, with MORTGAGE COVENANTS, to secure the payment of TWO THOUSAND (2000) Dollars in five years with interest at five (%) per cent, per annum, payable semi-annually in advance as provided in a certain negotiable promissory note of even date herewith. That certain real estate situated in Charlestown, County of Washington in the State of Rhode Island, and described as follows: That certain tract or parcel of land, together with the buildings and improvements thereon, situated in said Town of Charlestown, bounded and described as follows: Beginning at a point on the northerly side of the Post Road, so-called; said point being a True South Twenty-Five (25°) east few feet of the westerly boundary line of the property of Mrs. Alberta Bloomer; thence running easterly westerly bounded northerly by said Post Road, a distance of Seventy-Five (75) feet; thence running north Twenty-Five (25°) east, a distance of Two Hundred Eighty-One (281) feet, more or less, to a point in a stone wall; said last-mentioned point being True South Twenty-Five (25°) east few feet of the southerly boundary line of the property formerly of said Bloomer; thence running easterly, bounded northerly by said wall, a distance of seventy-seven feet; thence running northerly, bounded easterly by a line in a straight line, a distance Two Hundred Eighty-Nine (289) feet, more or less, to the point and place of beginning. Being the same premises conveyed to these Mortgagors by deed from Asa Church; said deed being recorded in Records of Land Evidence said Town of Charlestown, in Book 28 at Page 216. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE. We, the said Mortgagors release to the mortgagees all our right of curtesy & dower and all other interest in the aforesaid premises. WITNESS our hands this 22nd day of July 1940. CARL J. BERGGREN MILDRED M. BERGGREN STATE OF RHODE ISLAND) County of Washington ) In Charlestown on the 22nd day of July 1940 before me personally appeared Carl J. Berggren and Mildred W. Berggren, husband and wife, both to me known and known by me to be the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed, to be their free act and deed. LINTON L. BROWN Notary Public. Received for record July 31st, A. D. 1940 at 4:00 o'clock, P. M., and recorded by [?] Town Clerk The undersigned, having received full payment and satisfaction of the within mortgage, recorded in the records of land evidence in the Town of Charlestown in the State of Rhode Island in Land Evidence Book 28 page 299, hereby release and discharge said mortgage. I covenant to and with the person making said payment that I am the present owner of said mortgage. IN WITNESS WHEREOF, I have herunto set my hand and seal this 26th day of March 1952. LEON M. GRINNELL PEARL M. GRINNELL Received for record March 29th, A. D. 1952 at 3:00 o'clock, P. M., and recorded by [?] Town Clerk

25 3. That he will pay all taxes, assessments, water rates and other governmental fines or impositions, and in default thereof the Mortgagee may pay the same; and all sums so advanced shall bear interest from the date of such payment at the same rate provided for in the principal indebtedness and shall be secured by hereunto; and that he will promptly deliver the tax bills and assessments relating thereto to the Mortgagee. 4. That he will keep the premises in as good order and condition as they are now, and he will not permit or omit to carry any waste thereof, reasonable wear and tear excepted. 3. That he will keep and maintain on the buildings and now existing or hereafter erected on the premises sufficient insurance against loss by fire and other casualties, casualties and contingencies, in offices or offices as the said Mortgagee and its successors or assigns may require, in the sum of Four Thousand Seven Hundred Dollars ($4,700.00), and will promptly pay during the term, any premiums on such insurance. 6. That any policies of insurance on the premises herein conveyed shall be assigned and transferred, or made payable in case of loss, to the Mortgagee, as additional security for the payment of the Mortgage; and that in the event of any insurance or failure of any payments for insurance premiums the Mortgagee may effect such insurance, and all sums and any premiums so paid shall bear interest from the date of payment at the same rate for in the principal indebtedness and shall be secured by hereunto. If the premises covered by hereunto, or any part thereof, shall be damaged or destroyed, the amount which may then be held as hereinafter provided, the amounts paid by any insurance company pursuant to the conditions of such policy shall be applied by the Mortgagee, at its option, to be then paid to the Mortgagee and, at its option, may be applied to the payment of the debt or released for the purpose of repairing or rebuilding the damaged or destroyed property, and in the event of foreclosure, or other transfer of title to the mortgage property in extinguishment of the debt secured hereby, all rights, title and interest of the Mortgagee in and to any insurance policies then in force, shall pass to the purchaser or grantee. If there shall be a default in any of the terms, conditions or covenants of this mortgage, or under the note secured hereby, then it shall be lawful for the Mortgagee to sell, or cause to be sold, the premises hereby granted, and the same may be hereby sold, be granted, or any part or parts thereof, or any part remaining subject to this mortgage in part performance, and the Mortgagee, its successors and assigns, or the purchasers, their and their heirs, executors, administrators and assignees shall have the power upon the such premises, or any part thereof, to sell the same by public auction, at the town hall of West Torricom and per the purchaser or purchasers by any such sale, at the one (no other purchaser or purchasers shall be admitted) and the sale shall be held on the first Monday next after the notice of the time and place of sale by publishing the same at least once each week for three weeks prior to the date of such sale in a newspaper published in the County of Rhode Island, with power to adjourn such sale from time to time, provided that the publishing of said notice in such newspaper shall be sufficient evidence of the due execution and notice, at least once each week in the same newspaper and in its own name or their own names or as the attorney one each with irrevocable full power of substitution and revocation), to make routes and deliver to the purchaser or purchasers at such sale a good convenient deed or deeds of said sales in fee simple, and the purchaser or purchasers shall pay the purchase money, and such proceeds will be retain all sums requisite for such sale, whether the same then due or due to fall due thereafter, and for the payment of the principal sum of the note, and interest thereon, and together, with all expenses incident to such sale or sales, for or timing due hereunto, and for the payment of all taxes, assessments and premiums for insurance, if any, either thereto- fore unpaid or which may become unpaid, and the said granted record of the mortgage, and of paying the surplus of the said proceeds of sale, if any there be, over and above the amounts on the said note, and interest thereon, and all other sums secured by this mortgage, including all sales, expenses charges and to the Mortgagee, his heirs, executors, administrators and assigns, or such other person or persons as may be the legal and rightful owner of the principal sum and equity against the Mortgagee, their heirs, executors, administrators and assigns, and of all persons claiming said premises. And the Mortgagee hereby further covenants that he will, upon request, execute such deed or deeds confirming such sale or sales as may be required. Notice of the exercise of any option granted to the Mortgagee herein, or in the note secured hereby, is not required to be given. The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Whenever, the use singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 21st day of March in the year of our lord one thousand nine hundred and fifty-two. Signed and sealed in presence of: Leroy C. Whitford HOWARD N. KNUDSEN (SEAL) EMILY T. KNUDSEN (SEAL) STATE OF RHODE ISLAND COUNTY OF WASHINGTON In South Kingstown, on the 21st day of March A. D. 1952, before me personally appeared the above named Howard N. Knudsen and his wife Emily T. Knudsen, each to me known and by known em to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each 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