5/26/1952 · MORTGAGE · book 33 page 129 doc 3155@33/129

129 KNOW ALL MEN BY THESE PRESENTS: That We, WILLIAM JOHN RICHARDSON and LILLIAN H. RICHARDSON, husband and wife, of the Town of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Twenty-eight Hundred & 00/100 ($2,800.00) Dollars, to us paid by INDUSTRIAL TRUST COMPANY, a banking corporation created by the General Assembly of the State of Rhode Island with its principal place of business in the City and County of Providence, in said State, hereinafter called the "mortgagee," the receipt whereof is hereby acknowledged, do hereby grant to the mortgagee, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: That certain tract or parcel of land together with the buildings and improvements thereon, situated on the west side of East Beach Road, so-called, in the Town of Charlestown, County of Washington, State of Rhode Island, and more particularly described as follows: BEGINNING at the northeast corner of the premises herein described at a drill hole in a stone bound on the west side of East Beach Road and adjoining land now or formerly of Lea Barber, thence running a westerly direction along the northerly line of said Barber's land to a drill hole in the corner of a wall to land now or formerly of J. Alfred Burdick; thence running in a southerly direction along a wall to land now or formerly of J. Alfred Burdick; thence running a westerly direction along a wall to a drill hole at a point in the wall; thence running in an easterly direction along said wall to land now or formerly of J. Alfred Burdick; thence running a southerly direction along a wall to a drill hole on the west side of East Beach Road; thence running in a northerly direction along East Beach Road to a point at a distance of 100 feet from the start and point of beginning. Bounded on the east by said East Beach Road, on the south and west by land now or formerly of J. Alfred Burdick and on the north by land now or formerly of Lea Barber. Being the same premises conveyed to the mortgagors by deed of the Grand Lodge of the Ancient Order of United Workmen of North Dakota, dated January 29, 1945, recorded in Book 26, page 129, of the Charlestown Land Evidence Record of said Town of Charlestown; and subject to fence agreement of record. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that publication of notice of a foreclosure sale may be made alternatively in a public newspaper published in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere at the option of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this day been received by the mortgagor, the receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown Land Evidence in Book 32, at page 680. Said covenants and agreements are hereby by reference made part of this mortgage, and if default shall be made in the performance or observance of any of the same, it shall be lawful for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we, said mortgagors, release to the mortgagee all right (of dower) & (curtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagor has executed these presents on the 23rd day of May, 1952. Executed in presence of WILLIAM JOHN RICHARDSON LILLIAN H. RICHARDSON INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND, COUNTY OF WASHINGTON, In Westerly on the day of 23rd May, 1952, before me personally appeared William John Richardson and Lillian H. Richardson, husband and wife, to me known and known by me to be the parties executing the foregoing instrument, and acknowledged said instrument by them executed to be their free act and deed. REBERT H. COOKE Notary Public Received for record May 26th, A. D. 1952 at 9:36 o'clock, a. m., and recorded by Town Clerk (FOR DISCHARGE OF ABOVE MORTGAGE, SEE PAGE 130) AHA 490