3/26/1952 · MORTGAGE · book 33 page 24 doc 3095@33/24

25 3. That he will pay all taxes, assessments, water rates and other governmental 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 by hereunto; and that he will promptly do for the Mortgagee all reasonable acts to protect the Mortgage. 4. That he will keep the premises in as good order and condition as they are now, and he will not permit or omit to carry any waste thereof, reasonable wear and tear excepted. 3. That he will keep and maintain on the buildings and now existing or hereafter erected on the premises sufficient insurance against loss by fire and other hazards, casualties and contingencies, in offices or offices as the said Mortgagee and its successors or assigns may direct, in an amount not less than Four Thousand Eight Hundred Dollars ($4,700.00), and will promptly pay during the term, any premiums on such insurance. 6. That any policies of insurance on the premises herein conveyed shall be assigned and transferred, or made payable in case of loss, to the Mortgagee, as additional security, and in the event of any loss the proceeds of such insurance or any payments for or in payments for insurance premiums the Mortgagee may effect such insurance, and all sums and any interest shall bear interest from the date of such payment at the same rate for in the principal indebtedness and shall be secured by hereunto. If the premises covered by hereunto, and in default thereof the Mortgagee may pay the same and all sums so advanced hold as hereinbefore provided, the amounts paid by any insurance company pursuant to the conditions of the policy shall be paid to the Mortgagee, and shall be applied first to any paid to the Mortgagee and, at its option, may be applied to the settlement of the debt or released for the Mortgagor, and the balance, if any, shall be paid to the Mortgagor, and the policy or policies, or other transfer of title to the mortgage property in extinguishment of the debt secured hereby, all rights, title and interest of the Mortgagee therein and to any insurance policies thereon, shall pass to the purchaser or grantee. If there shall be a default in any of the terms, conditions or covenants of this mortgage, or under the note secured hereby, then it shall be lawful for the Mortgagee to sell, the whole or a portion of the premises hereby granted, or any other property hereby granted, to be granted, or any part or parts thereof, or any part remaining subject to this mortgage in part performance of the obligations hereby secured, and the Mortgagee, its successors and their heirs, executors, administrators and assignees shall publish a notice upon the auction of the premises or any part thereof, at least once in the Providence Journal and the Morning Bid or Times and the purchaser or purchasers at any such sale, (and no other purchaser or purchaser s shall be deemed the purchaser or purchasers of the premises) shall give notice of the time and place of such sale by publishing the same at least once each week for three weeks prior to such sale in a newspaper of general circulation in the County of Rhode Island, with power to adjourn such sale from time to time, provided that the publishing of said notice in such newspaper shall be sufficient evidence of the foreclosure of the mortgage, at least once each week in the same newspaper and in its own name or their own names or as the attorney one each with full power of substitution and revocation), to move, make recounts and deliver to the purchaser or purchasers at such sale a good sufficient deed or deeds of said premises or any part thereof, and the purchase money or any part thereof shall be such proceeds to retain all sums receivable yet remaining due then or due then or due failure thereof, and the purchase money or any part thereof shall be applied first to the costs and together, with all expenses incident to such sale or sales, for or making deeds hereunder, and for the payment of the sums due and unpaid under the note, and any interest accrued thereon, said powers, and all taxes, assessments and premiums for insurance, if any, either thereto fore paid by the Mortgagee or which shall be paid by the Mortgagee, and after paying the principal and paying the surplus of the paid proceeds of sale, if any there be, over and above the amounts on the said note, and any interest accrued thereon, and all other sums secured by this mortgage, or sales, expenses and charges to the Mortgagor, his heirs, executors, administrators and assigns, or such part thereof as may be the case, and a perpetual bar shall operate against the heirs, and equity against the Mortgagor, their heirs, executors, administrators and assigns, and all persons claiming said premises And the Mortgagor hereby further covenants that he will, upon request, execute such deed or deeds confirming such sale or sales as may be required. Notice of the exercise of any option granted to the Mortgagee herein, or in the note secured hereby, is not required to be given. The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Whenever, using the singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 21st day of March in the year of our lord one thousand nine hundred and fifty-two. Signed and sealed in presence of: Leroy C. Whitford HOWARD N. KNUDSEN (SEAL) EMILY T. KNUDSEN (SEAL) STATE OF RHODE ISLAND COUNTY OF WASHINGTON In South Kingstown, on the 21st day of March A. D. 1952, before me personally appeared the above named Howard N. Knudsen and his wife Emily T. Knudsen, each to me known and by known em to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each acknowledged said instru- ment to be the parties executing the foregoing instrument, and they each 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