3/8/1951 · DEED · book 32 page 440 doc 2832@32/440

36 We, LEON M. GRINNELL and LEONARD K. SQUIER, both of the Town of Charlestown, County of Washington, State of Rhode Island, for consideration paid, grant to GEORGE W. SHORT and GLADYS A. SHORT, husband and wife, both of said Town, County and State, as Joint Tenants and not as Tenants in Common, meaning to the survivor, with QUIT-CLAIM COVENANTS That certain tract or lot of land situated in the Town of Charlestown, County of Washington, State of Rhode Island, being Lot Number 9 (nine) as shown on plat entitled, "Private Rights of Way to Pond in the Town of Charlestown, surveyed for Adolph P. Rietzel, Scale 1" equals 40 feet, April, 1927, Leon L. Holland, Civil Engineer") said plat being recorded in the Records of Land Evidence, said Town of Charlestown. Said tract or lot of land is subject to the following restrictions: No buildings of any kind, other than a boat house to be erected, and that to be used for no other purpose than for the housing and storing of boats and appurtenances thereto. Meaning and intending to convey the "SECOND TRACT," conveyed to these Grantors by deed from Benjamin Allery Chase; said deed being dated July of 30th, 1948 and recorded in the Records of Land Evidence, said Town of Charlestown, Book No. 31, page 841. Reference to said deed and the records thereof being hereby had and made and the same made a part hereof for a more complete and detailed description of the premises hereby conveyed. We, Pearl M. Grinnell, wife of Leon M. Grinnell, and Margaret B. Squier, wife of Leonard K. Squier, release to said Grantees all our respective rights of dower and all other interest in the aforesaidescribed premises. WITNESS our hands this 29th day of March, 1952. LEON M. GRINNELL PEARL M. GRINNELL LEONARD K. SQUIER MARGARET B. SQUIER STATE OF RHODE ISLAND, ETC.) County of Washington } In Charlestown, on the 29th day of March, 1952, before me personally appeared Leon M. Grinnell, Pearl M. Grinnell, Leonard K. Squier and Margaret B. Squier, to me known and known by me to be the parties executing the foregoing instrument, and they severally acknowledged said instrument, by them executed, to be their free act and deed. LINTON L. BROWN Notary Public Received for record April 4th, A. D. 1952 at 11:30 o'clock, a. m, and recorded by [Signature] Town Clerk

including all buildings and improvements thereon, or that may hereafter be erected thereon; together with the hereditaments and appurtenances and all other rights thereto belonging, or in anywise now or hereafter appertaining, the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and all plumbing, heating and lighting fixtures and equipment now or hereafter attached to, or used in connection with said premises. TO HAVE AND TO HOLD the aforementioned premises, with all the rights, privileges and appur- tenances thereto belonging unto, and to the use of the Mortgagee, and its successors and assigns forever. And the Mortgagor does hereby covenant with the Mortgagee that he is lawfully seized in fee simple of the said granted premises; that the same are free from all encumbrances except as aforesaid; that he has good right, full power and lawful authority to sell and convey the same in us manner as aforesaid; that the Mortgagee shall by these presents at all times hereafter peaceably and quietly have and enjoy the said premises; that the Mortgagor will warrant and defend the same to the Mortgagee against all lawful claims and demands of all persons. And for the consideration aforesaid, we, said Mortgagor, being husband and wife, do hereby release all yr right of curtesy and dower in and to the premises unto the Mortgagee, its successors and assigns, forever. PROVIDED, NEVERTHELESS, that this conveyance is made upon the express condition that if the Mortgagor or his heirs, executors, administrators or assigns, shall pay unto the Mortgagee or its successors or assigns, the sum of Eight Thousand Dollars ($8,000.00), as evidenced by his prom- issory note of oven date therewith, the terms of which are incorporated herein by reference, togeth- er with interest thereon and shall fully perform all the terms, conditions and covenants of this mortgage, as well as of the note secured hereby, then this instrument, as well as the note secured hereby, shall be void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness as hereinbefore provided. The Mortgagor hereby authorizes the Mortgagee to write an endorsement on the note or statement of interest there- on, all extensions or payments thereof or payment of advanced interest where applicable, to be deemed authorized and requested by the Mortgagor until notice in writing is rendered by the Mortgagor to the Mortgagee to the contrary. The same right is reserved to pay the debt in whole or in part as set forth in said note. 2. That his existing obligation to pay said indebtedness and to keep and perform all of the covenants and agreements contained in this mortgage, until the Mortgagee shall hereafter expressy release him from said obligation, shall not be discharged released or in any way changed or affected by the fact that another person or persons (a) shall become or be liable for the payment of said indebtedness, or (b) for the performance of any of said covenants or agreements, or (c) shall make a payment or payments in reduction of said indebtedness, or (d) shall perform any of said covenants or agreements, or (e) by the fact that the Mortgagee shall accept any such payment or pay- ments, or performance of any such agreements or covenants. 3. That he will pay all taxes, assessments, water rates and other governmental or municipal charges, 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 hereby and that all properly delivered tax bills be forwarded 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 commit any waste thereof, reasonable wear and tear excepted. 5. That he will keep and maintain on the buildings now existing or hereafter erected on the premises policies of insurance against loss by fire and other hazards, including con- tingencies, and in such offices or offices as the said Mortgagor and its suc- cessors or assigns shall direct, in the sum of Eight Thousand Dollars ($8000.00), and will promptly pay on time, any premiums on said insurance. 6. That any policies of insurance on the premises herein conveyed shall be assign- ed and transferred, and the proceeds thereof in the event of loss, to the Mortgagee, as a conditional security. If the Mortgagor fails to effect or maintain such insurance or fails to make any payments for insurance premiums the Mortgagee may effect such insurance, and all sums advanced for the payment of premiums at the same rate provided for in the principal indebtedness and shall be secured hereby. If the premises shall be damaged, destroyed or rendered untenantable by fire or other hazard against which insurance is held as hereinbefore provided, the sums paid by the insurance company under the contract of insurance, etc, to the extent of the indebtedness then remaining unpaid, be paid to the Mortgagee, and, at its option, be applied for the purpose of repairing or rebuilding the rebuilding of the premises. In the event of the foreclosure of this mortgage, or the other transfer of title to the mortgaged property in extinguishment of the debt secured hereby, all right, title and interest of the Mortgagor in and to any