The instrument's own words
page 1 · read by Gemma vision
371
the granted premises, as they shall become due, shall keep the buildings thereon insured
against fire in a sum not less than Twelve 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 com-
mit or suffer any strip or waste of the granted premises, or any breach of any covenant herein
contained, while in or of part, then 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, shall be void,
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 reve-
cation for me and in my name, or in its, in their or their names or names at any time, in case of non-payment
of the aforesaid monthly dues, interest, or fines for the period of three months, either after any pay-
ment thereof shall be due, or upon 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 hereof, together with all improvements that may be
thereon, for all benefit and equitable redemption of I or my representatives therein, at public
auction 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
their or name names, or as my Attorney or Attorneys, to make, execute, seal, acknowledge and
deliver to the purchaser or purchasers therefor 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 hereby authorize said Attorneys to receive the amount 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
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 con-
ditions of this deed, including the taxes, assessments and premiums of insurance, if any, there-
fore 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 third day of January,
in the year one thousand nine hundred and forty-one.
Signed, sealed and delivered
in the presence of
WILFRED R. EASTERBROOKS
LOUIS S. MOULTHROP (SEAL)
CELINDA A. MOULTHROP (SEAL)
STATE OF RHODE ISLAND,
County of Washington.
In South Kingstown, on the 3rd day of January 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 acknowledged said instrument, by
them executed, to be their free act and deed.
WILLIAM H. LESLIE, JR.
Justice of the Peace
Received for record January 4th, A. D. 1941 at 10:30 o'clock, a.m. and recorded by
[Seal]
Town Clerk
(FOR DISCHARGE, SEE PAGE 368)
The page as recorded
