The instrument's own words
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(for that purpose these persons duly authorized and appointed with full power of substitution and revocation) to make, execute and
deliver to the purchaser or purchasers at this act of sales or sole a good and sufficient deed or deeds, in fee simple, of the premises sold; and to
receive and give receipts for the money and consideration to be paid, and to sell, convey, transfer and etc. to be sold, whether entire or in lots, as one
thereof, or as part thereof then sold remaining unpaid, and all interest due on the same, together with all expenses incident to such one or more
sale or sales, or all expenses incurred fees and other expenses incurred in or by any way connected with the exercise of these powers or with any
procedure for accomplishing the aforesaid sale, including attorney's fees, costs, taxes, insurance, etc. in all taxes, assessments, insurance, damages and
expenses of repairs, whether further satisfied or paid by the Industrial Trust Company, its successors or assigns, or otherwise, then remaining unpaid,
including the right to have the costs of such sale or sales and the expenses of the Industrial Trust Company as trustee as outlined in the mortgage
with a true and particular account of such sale or sales, expenses and charges, to the said mortgagor & their heirs, executors, administrators,
and assigns, and to deliver the balance of the proceeds of such sale or sales to the said mortgagor & their heirs, executors, administrators, and
assigns, and all previous sales including all proceeds arising so sold, by them or under their power.
And the said mortgagor, for themselves and their heirs, executors, administrators, successors and assigns, hereby will and they will
request execute such deed or deeds confirmation of such sale or sales as may be necessary or requested.
And the said mortgagor, for themselves and their heirs, executors, administrators, successors and assigns, hereby covenant and
successors and assigns, for the consideration aforesaid and to further insure the security of this mortgage, do hereby covenant and
agree as follows:
1. To pay and promise to pay one and all sums of principal and interest due and interest thereon in accordance with the tenor, thereof, all taxes and
assessments of every nature levied or to be levied provided the full payment and discharge in accordance with said note upon sale of the mortgaged
premises, the taxes, assessments, insurance, etc. shall be paid out of the proceeds of such sale or sales, and to keep under any present or future
for insurance maintained unpaid until paid, assessments, and all other rates and water expenses either hereby secured or herein aforesaid.
2. To keep the premises and the buildings thereon in good repair and condition and to insure the same against loss by fire and destruction, in such
amounts, for such periods, in such form and in such company or companies as the mortgagor or the mortgagee or both of the mortgagee at any set time or from
time to time may determine and from time to time may require, and to pay all premiums for such insurance, and to deliver the policy or policies
the mortgage by clauses satisfactory to it and to deliver the policies to the mortgagor and the said Industrial Trust Company or other the
both of the mortgagee at any set time or from time to time may require, and to pay all premiums for such insurance, and to deliver the policy or policies
mortgage to a demand, adjust, fix, or compromise, and complete all and any suit or suits which may occur under any mortgaging and due service in any
future for insurance maintained unpaid until paid, assessments, and all other rates and water expenses either hereby secured or herein aforesaid.
thereworth, upon the indebtedness hereby secured, whether or not then due, or in reimbursement for any taxes, assessments, insurance premiums
or other charges, and to keep the premises free from any liens or encumbrances, and to make all necessary repairs and improvements. In the event of
foreclosure under this mortgage or other transfer of title, or the title to mortgaged premises in satisfaction of the indebtedness in the amount of the
mortgage, solely, right and title of the mortgaged interest in and to the insurance policies, or any return or return of premiums or dividends
on the insurance policies, shall vest in the Industrial Trust Company, its successors and assigns, and it shall collect and receive any sums in the event of
its option as trustee, right and title interest in and interest paid and the proceeds therefrom the premises or the property mortgaged; provided that
the insurance policies shall be endorsed in favor of the Industrial Trust Company, its successors and assigns, as trustee, and in the event of any
secured or any repairs made upon a slip or sidewalks for the maintenance. If the mortgagor fail to purchase such insurance or fail to pay the premiums
thereon, the mortgagee may at its option purchase such insurance and pay the premiums thereon, and the sum so paid shall become a part of the
secured debt, and shall bear interest at the rate provided upon the principal indebtedness until payment thereof.
3. To maintain the sidewalks and the slip and the other improvements on or about the premises described in this mortgage and to keep the same
at all times until full payment and discharge hereafter in a good and conducive condition and repair as the same now are or may be hereafter be put to, and
service to enter upon the mortgaged premises and to make such repairs and improvements, and to secure, and to enter upon the mortgaged premises
at all reasonable times to view and inspect the same.
4. To pay and promise to pay all costs and expenses, may pay all taxes, assessments, rates or other charges, and to reimburse the mortgagee for any
mortgage when due, and all of such sums shall be immediately payable and until repaid shall be added to the principal unpaid of the mortgage and
shall bear interest at the same rate as said indebtedness until paid and together with any such interest shall be
a further lien upon the premises and the security hereafter.
5. That if the mortgagor be declared bankrupt or insolvent or make an assignment for the benefit of any creditor or creditors be placed under
some trusteeship or similar arrangement, the mortgagee may declare the entire sum now or hereafter payable under this mortgage to be fully accelerated
authorized and empowered at its option, without notice and without affecting the lien hereby created or the priority of said lien or any rights of
the mortgagee hereunder, and the whole sum shall become immediately due and payable.
IN WITNESS WHEREOF, the said mortgagor, has hereunto set their hand and seal this 11th
day of February one thousand nine hundred Forty-nine.
Signed, sealed and delivered
In presence of
Thomas Sutcliffe
[Signature] WILLIAM GARDINER
[Signature] EDNA M. GARDINER
State of Rhode Island, ss.
County of Washington
In Westerly on the 11th day of February, A.D. 1949.
before me personally appeared the above named William J. Gardiner and Edna M. Gardiner, husband and wife,
each and all
to me known and by them to be the parties executing the foregoing instrument, and severally acknowledged said instrument, by
them executed, to be their
free act and deed.
HERBERT E. COOKE
Notary Public
Recorded February 12th 49 at 9:10 o'clock, a. m.,
Witness:
Town Clerk.
Industrial Trust Company, having received full payment and satisfaction of the mortgage within, does hereby cancel and discharge the same.
IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be hereunto affixed
by its Assistant Manager, duly authorized, this 25th day of
January A. D. 52
Signed and sealed in presence of
James J. Morrison
INDUSTRIAL TRUST COMPANY
By Hiram Kendall [Signature] Manager
Thomas Sutcliffe [Signature] Asst. Manager
Discharge recorded January 25th 1952 at 10:32 o'clock, a. m.,
Witness:
Town Clerk.
The page as recorded
