4/25/1951 · MORTGAGE DISCHARGE · book 26 page 655 doc 3064@26/655

457 KNOW ALL MEN BY THESE PRESENTS: That we, Milton A. Fenner and Mildred A. Fenner, husband and wife, both of the Town of Charlestown, County of Washington, State of Rhode Island hereinafter called the mortgagors) in consideration of Twenty-five hundred and 00/100 ($2500) Dollars to us paid by THE WASHINGTON TRUST COMPANY, a Corporation created by Act of the General Assembly of the State of Rhode Island, located and having its principal place of business in the Town of Westerly, County of Washington and State of Rhode Island house, the receipt whereof is acknowledged, do hereby grant, bargain, sell, and convey and sell unto the said Washington Trust Company, its Successors and Assigns, forever, A certain tract of parcel of land with the buildings and other improvements thereon situated in the Town of Charlestown, County of Washington, State of Rhode Island, bounded and described as follows, to wit: Beginning at a drill hole in hand wall foundation at the east mostly corner of the Town barn complex boundary line, running then in a general northerly direction, bounded partly on the highway and partly on land of the Carman estate, thence a short distance, running then in a general northeasterly direction, on land of formerly or Herbert A. Gates; thence southeasterly, with boundary running southeasterly on said Gates land; thence easterly; southeasterly and northeasterly in three courses, bounding on the land of the estate of John J. Durden, to the place of beginning, and containing 35.7 acres, more or less size. Said tract is more particularly described in a deed dated and executed June 1, 1934, to the thereof entitled, "Land at Shannock in Charlestown, R. I." to be deeded to the Colonels War Museum and wife. Being the same premises conveyed to Milton A. Fenner and Mildred A. Fenner, mortgagors herein, by deed of Columbia Narrow Fabric Company, which deed bears date of October 25, 1935 and is recorded in the Land Evidence Records of said Town of Charlestown, in Book No. 32 at page 318. To HAVE AND To HOLD the aforementioned premises, with their appurtenances, unto and to the use of the said Washington Trust Company, its Successors and Assigns, Forever. And we the said mortgagors do hereby, for ourselves and for our heirs, executors and administrators, covenant with the said Washington Trust Company, its Successors and Assigns, that we lawfully seized in fee simple of the full and granted premises; that the same are free from all incumbrances; that we have good right, full power and lawful authority to sell and convey the same in manner aforesaid; that the said The Washington Trust Company, its Successors and Assigns, shall by these presents at all times hereafter possess quietly and quietly have and enjoy the said premises, and that we the said mortgagors will, and our heirs, executors and administrators shall, warrant and defend the same to the said The Washington Trust Company, its Successors and Assigns, forever, against the lawful claims and demands of all persons, and will also pay the moneys, taxes, assessments, and other expenses hereby secured as hereinafter provided. PROVIDED, NEVERTHELESS that if we said mortgagors, or our heirs, executors, administrators or assigns, shall not pay the said The Washington Trust Company, its Successors or Assigns, the sum of Twenty-five hundred and 00/100 Dollars at its Banking House in said Westerly, R. I., from the date hereof, with interest thereon, at the rate of five (5%) per centum per annum, payable as provided in a certain promissory note of oven date hereinafter and shall also pay all taxes and assessment of every kind assessed or imposed imposed or in respect of said premises or upon said Washington Trust Company, its Successors or Assigns, in respect of this mortgage or mortgage debt, whether under statutes now in force or that may be hereafter enacted, and shall maintain insurance on said premises as hereinafter provided and pay the premiums therefor upon demand, all of said payments to be paid at the several times of payment in currency of the United States, then this deed as also anniversary note whereby said mortgagors promise to pay the said The Washington Trust Company or order, the sum aforesaid with interest as aforesaid at the times aforesaid, shall become and be absolutely void to all intents and purposes whatsoever. BUT IF DEFAULT shall be made in the payment of the said certain promissory note of oven date herewith as to the payment of the principal sum or of said interest at the times and in the manner aforesaid, or if of the taxes or assessments aforesaid as the same first become payable, or of any or either of them or of any part thereof, or if breach shall be made of the covenant for insurance hereinafter contained, then it shall be lawful for the said The Washington Trust Company, its Successors or Assigns, to sell, together or in parcels, all and singular the premises hereby AHA 490