The instrument's own words
page 1
696
2. To keep and maintain insurance against loss by fire and by such other hazards,
casualties and contingencies, in such amounts, for such periods, in such form and in such
company containing a warranty, that the mortgagee or owner of the property shall be notified in time
and from time to time specifically, and to pay promptly when due all premiums on such insurance;
to settle, adjust or compromise any claim or loss, and to deliver the insurance policy to the mortgage-
factory to and to deliver the policies to the mortgagees; and said Industrial Trust Com-
pany or other of the holders of this mortgage for the time being herebey made, constituted
and appointed as attorney in fact for the mortgagor, with full power to settle, adjust,
sue for, compromise and collect any and all losses which may occur under any such insurance
and to receive and cash any insurance check or draft or other instrument of such loss insurance,
pay the same, after deducting any expenses incurred in connection therewith, upon the in-
strument, insurance premium or other sums paid by the mortgagor, or to the cost of replacing or
repairing the damage to the property, or to the payment of taxes, assessments, water rates, this
mortgage or other transfer of the title to the mortgaged premises in satisfaction of the
indebtedness secured hereby, and to make such payments as may be necessary to protect the
mortgagor in and to any insurance policies, or to any refund or return of premiums or divid-
ends on such insurance, and to make such payments as may be necessary to protect and
collect any sum due thereon, or, may at its option, transfer the rights, title and int-
erest of the mortgagor in and to any such insurance policy to any purchaser of the mortgaged property,
provided that any sum received on option said policies as premiums or dividends on such insurance,
shall be applied on account of the Indebtedness hereby secured and any surplus paid over as
a sum prepaid on the principal of the mortgage; and if any sum is paid by the mortgagee as
a premium thereon, the mortgagee may effect such insurance or pay the premium thereon, and
all such sums paid shall be added to the principal of the indebtedness secured hereby, and shall
bear interest at the rate provided upon the principal indebtedness until payment thereof.
3. To keep the exterior and interior and the exterior and interior of the buildings and improvements on
the premises hereby mortgaged in good condition and repair, and to make payment and perform all
in good condition and repair as the same now are and may hereafter be kept up, in but without
having to make any alteration or change in the existing buildings of the mortgaged premises, unless
first been obtained, and to permit said Industrial Trust Company, its successors and assigns,
and its officers, agents and servants, to enter upon the mortgaged premises at all reasonable
times to see that this is done.
4. That the mortgagor, its successors and assigns, may pay all taxes, assessments, water
rates or insurance premiums not paid by the mortgagor when due, and all of such sums shall,
be immediately repaid and paid to the mortgagee, and shall quickly be added to the indebt-
edness hereby secured and shall bear interest at the same rate as indebtedness until
paid, together with such interest shall be further lien upon the premises and secured by
these presents.
5. That if the mortgagor be in bankruptcy, insolvency, insolvent or make an assignment for the
benefit of creditors or if the premises be placed under control of or in custody of any court, or if the
mortgagor abandons any of said property, then in any of said cases the mortgagee may hereby
authorized and empowered at its option, without notice and without affecting the lien hereby
created or any priority of the lien, declare the entire balance of the mortgage hereunder to de-
clare all sums secured hereby immediately due and payable.
IN WITNESS WHEREOF, the said mortgagor has hereunto set her hand and seal this 18
day of December, A. D. one thousand nine hundred fortynine.
Signed, sealed and delivered
in presence of
Hiram Kendall {
Angeline P. Vest {
MARION GRAY CTR
STATE OF RHODE ISLAND, }
County of Washington } Sc.
In Westerly, on this the 18 day of November, A. D. 1949, before me personally appeared the
above named Marion Gray Cyr, O. S. to me known and by me to be the party executing the fore-
going instrument, and acknowledged said instrument, by her executed, to be her free act and
deed.
LILLIAN G. COATES (Notarial Seal)
Notary Public.
INDUSTRIAL TRUST COMPANY PROV
Received for record November 21st, A. D. 1949 at 9:00 o'clock, a. m., and recorded by
Town Clerk
Industrial Trust Company, having received full payment & satisfaction of the
within mortgage, does hereby cancel and discharge the same.
In Testimony Whereof, said Company has caused these Presents to be signed and it its
Corporation's seal to be hereunto affixed by its Manager and Assistant Manager duly authorized
this 19th day of January A. D. 1954.
Signed and sealed in presence of
DORIS B. DAVIS
INDUSTRIAL TRUST COMPANY (Corporate Seal)
By Hiram Kendall, Manager
Frank Radcliffe, Asst. Manager
Received for record January 21st, A. D. 1954 at 1:00 o'clock, p. m. and recorded by
Town Clerk
The page as recorded
