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KNOW ALL MEN BY THESE PRESENTS: That we, WALTER E. SWEENOR and JOSEPHINE C. SWEENOR, husband and wife, both of the City of Cranston, in the State of Rhode Island (hereinafter called the mortgagors) in consideration of THREE THOUSAND ($3000.00) Dollars to us paid by the Old Colony Co-Operative Bank, a corporation legally incorporated and established and transacting business in the City of Providence in the State of Rhode Island, the receipt whereof is acknowledged, do hereby grant, bargain, sell and convey unto the said Old Colony Co-Operative Bank (hereinafter called the mortgagee), its successors and assigns, forever,
That certain tract or parcel of land, situated in the Town of Charlestown, in the State of Rhode Island, and described as follows:
Beginning at the most easterly corner of the premises hereby conveyed, at a point in the Town boundary, which said point is the most northerly corner of lot number 14 in plat number 1, as shown on the map filed three hundred twenty-five (325) feet, more or less, southeasterly bounding southeasterly on said Vane lands, one hundred twenty-five (125) feet, more or less, southeasterly, to a point of change in direction, turning southeasterly bounding southeasterly on said Vane lands, forty-five (45) feet, more or less, to land now or lately owned by Daniel E. Palmer, turning northerly bounding northerly on said Palmer lands, one hundred twenty-five (125) feet, more or less, to a point in said boundary line, turning northwesterly bounding northwesterly on said Palmer lands, one hundred twenty-five (125) feet, more or less, to a point in said boundary line, turning northwesterly bounding northwesterly on said Vane lands, one hundred twenty-five (125) feet, more or less, to a point and place of beginning.
Said premises are conveyed together with and subject to rights of way of record, and subject to restrictions of record.
Together with all buildings and improvements now or hereafter erected thereon or therein, all the appurtenances, easements and rights heretofore belonging to or in any wise now or hereafter appertaining, the rents, issues and profits thereof, and all plumbing, heating, lighting and other fixtures, equipment and articles now or hereafter attached thereto.
TO HAVE AND TO HOLD the aforementioned premises, with their appurtenances, unto and to the use of the said mortgagee, and its successors and assigns, forever.
And the said mortgagors do hereby, for themselves, and for their heirs, executors and administrators, covenant with the said mortgagee, and its successors and assigns, that they are lawfully seized in fee simple of the said granted premises; that the same are free from all incumbrances; except as aforesaid; that they have good, right, full power and lawful authority to sell and convey the same in manner as aforesaid; that the said mortgagee, and its successors and assigns, shall by these presents at all times hereafter peaceably and quietly have and enjoy the said premises, and that the said mortgagors will, and their heirs, executors and administrators shall warrant and defend the same to the said mortgagee, and its successors and assigns, forever, against the lawful claims and demands of all persons, except as aforesaid
And for the consideration aforesaid, we, said mortgagors, do hereby release all our rights of curtesy and dower and all other rights, statutory or otherwise, in and to the said granted premises unto the said mortgagee, and its successors and assigns, forever.
PROVIDED, NEVERTHELESS, and this conveyance is made upon the express condition that, if said mortgagors, or their heirs, executors, administrators or assigns, shall pay mno the said mortgagee, or its successors or assigns, the sum of Three Thousand ($3000.00) Dollars, together with the interest thereon, in . . . . monthly installments of Thirtyone and 20/100 ($31.20) Dollars together each payable on the 16th day of each and every subsequent month succeeding the date hereof, all in the manner and according to the terms of a certain promissory note of the said mortgagors bearing even date herewith; and shall also pay all taxes, assessments, insurance premiums, water rates and other sums, the payment of which are hereby secured, as and when the same become due and payable, and shall perform all other covenants and conditions all as provided herein or in the note above mentioned on the part of the said mortgagors, or their heirs, executors and administrators, to be paid or performed, then this deed as also said promissory note shall become and be absolutely void to all intents and purposes whatsoever.
BUT IF DEFAULT shall be made in the payment of any of the sums of money above mentioned, at the time or times when due as aforesaid, or of the taxes, assessments, insurance premiums or water rates hereinafter specified, or of any other sum of money the payment of which is hereby or by said note required or secured, or of any portion thereof at the time or times when due as herein or therein provided, and such default shall continue for three (3) months, or if breach shall
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