The instrument's own words
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(for that purpose by these presents duly authorized and appointed with full power of substitution and appointment) to make, convey and
deliver to the purchaser or purchasers at sale or sales a good and sufficient indenture of deed or deeds, in fee simple of the premises sold, at the
receive the purchase money and tenderments or retain all sums hereby secured or required to be paid, whether due then or due to fall
due thereafter, and to apply the same first towards expenses incurred in empirical, and also the interest due on the same, together with all expenses incident to such
sale or sales, and all other costs and expenses first, and the balance towards the payment of the principal of the mortgage, and in the same manner, with the surplus of any such
extension thereof the endowment, or the sail of, or sale of, not of these presents, and of all taxes, assessments, insurance premiums and
expenses of repayment of expenses, either before or after the maturity of the mortgage, or on foreclosure of this mortgage or any subsequent mortgage, his
remunerating and paying the surplus of such payments, if any there be, or any excess and amount to be retained as a forecasted, together with his
a reasonable commission for such sale or sales, and the balance to be paid to the Industrial Trust Company, or its successors and assigns, as administrator, executors or assigns, while sole or assigns shall forever be a perpetual bar in law both in and of equity against the mortgagor suit,
and the estate of Lillian E. DeAngelis, her heirs, executors, administrators, successors and assigns, and any other person or persons, his
assigns, and all persons claiming said premises as sold by, from, or under
any of the above named persons, their heirs, executors, administrators, successors and assigns, whether they be corporeal, or they will upon
their heirs, executors, administrators, successors and assigns, be forever barred from any claim whatever in and to the said premises.
And FURTHERMORE, the mortgagor, said John R. Algiere, for himself and for his heirs, executors, administrators, successors,
and assigns, and Lillian E. DeAngelis, for herself and for her heirs, executors, administrators, successors and assigns, to secure the payment of this mortgage, do hereby covenant and
agree to and with the mortgagee, its successors and assigns, as follows:
1. That they and their heirs, executors, administrators, successors and assigns, will forever with the tenor hereof, all taxes and
assessments of every nature levied upon or to the levied prior to the full payment and discharge of said mortgage upon said premises or any portion thereof,
whether now due or which may hereafter become due, including any assessments for street opening, whether under any present law or future provision, all
premiums for insurance maintained upon said premises, all water rates and other rates and taxes assessed or levied on said premises in any manner.
2. That the mortgagor will maintain the premises now and hereafter insured by fire and casualty loss by such and other hazards, insurance contracts and contingencies, in sums sufficient, in
such form, period in such form and in such amount as the mortgagee may from time to time require, and shall deliver to the mortgagee the policies of insurance in such
form, period and in such amount, and to prompt delivery when due an application for such insurance premiums; to make insurance policies of casual insurance payable in case of loss to the
mortgagee, by its endorsement, and to prompt delivery when due an application for such insurance premiums; to make insurance policies of casual insurance payable in case of loss to the
holder of this mortgage for the time being his house made, constructed and appointed with the sole and trustworthy law and lawful attorney irrevocable of the mortgage;
and to prompt delivery when due an application for such insurance premiums; to make insurance policies of casual insurance payable in case of loss to the
releases for any and all sums now reduced in settlement of such losses, and to apply the same, after deducting any expenses incurred in connection therewith
to the insurance company or companies, the balance to the payment of the principal of the mortgage, and for any other purpose, including insurance premiums incurred in connection
or other sums paid by the mortgagor, but to the mortgage, or to the expense of repairing or rebuilding the damages or improvements rendered in the effect.
3. That the mortgagor, said John R. Algiere, and Lillian E. DeAngelis, shall not without the consent of the mortgagee, in writing, first obtained, and to permit any insurance, or to any insurance premiums, or any
dividend, split sale and right, title and interest of the mortgagor in and to any insurance policies, or any return or return of premiums or
dividends paid upon such policies, and any other sums which may be paid by any insurance company or companies, to be applied to the payment of the principal of the mortgage, as
option on the trustee, right and title of interest in and said policies and the proceeds thereof to be applied towards the purchase of any mortgaged property; the first priority
of the indebtedness hereby secured shall not be impaired, and the mortgagor shall not without the consent of the mortgagee, in writing, first obtained, sell or convey any portion of the indebtedness hereby
secured and any surplus paid over on a sale in preference to the mortgage. If the mortgagor fails to provide such insurance or to pay the premiums, the mortgagee may
effect such insurance and pay the premiums, and any sums so expended shall be added to the principal of the mortgage and shall become a part of the indebtedness hereby
secured, secured, both and bear interest at the same rate provided upon the principal indebtedness until payment and discharge.
4. That the mortgage, its successors and assigns, may execute a release of this mortgage, and the premises described in the premises and described in this mortgage at all
times until full payment and discharge hereby, as so good condition and repair as now exists, or are not permitted to be let or leased without the consent of the mortgagee, in writing, first obtained, and to permit said
Industrial Trust Company, its successors and assigns, and its officers and agents, to enter upon the premises, and to make such inspections as they may deem necessary.
4. That the mortgagors, with the insurance, its successors and assigns, may pay all taxes, assessments, water rates or insurance premiums not paid by the
mortgagor, and that all such and all of such sums shall be immediately recoupable and repaid until said repayment shall be added to the principal of the
indebtedness hereby secured and shall bear interest at the same rate provided upon the principal indebtedness until such sums shall be paid and discharge and such sums shall be
a further lien upon the premises and secured by these presents.
That the mortgage, its successors and assigns, may execute a release of this mortgage or an assignment for the benefit of any creditor or be placed under the
control of any court of any court, or if the mortgagor abandons any or of said property, then in any of said events the mortgage is hereby
authorized to execute and deliver a deed of release of the mortgage or an assignment for the benefit of any creditor or be placed under the
right of the mortgagee to foreclose the premises at their option, and the indebtedness immediately due and payable.
IN WITNESS WHEREOF, the grantors have hereunto set their hand and seal this 3rd
day of August, A. D. one thousand nine hundred fifty-one.
Signed, sealed and delivered
Thos. Sutcliffe
DONALD DEANGELIS
LILLIAN E. DEANGELIS
State of Rhode Island, sc.
County of Washington k
in Westerly on the 3rd day of August, A. D. 1951
before me personally appeared the above named and witnessed,
Donald DeAngelis and Lillian E. DeAngelis, husband and
wife,
to me known and by them to be their heirs executing the foregoing instrument, and severally acknowledged said instrument, by its
them, executed, to be their free act and deed.
HERBERT E. COOKE
Notary Public.
Recorded August 6th, A. D. 1951 at 9:10 o'clock, a. m.
Witness:
Town Clerk.
Industrial Trust Company, having received full payment and satisfaction of the whole mortgage, does hereby cancel and discharge the same.
IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be herunto affixed
by its Manager or Assistant Manager
authorized this 22nd day of
April A. D. 1953
INDUSTRIAL TRUST COMPANY
Signed and sealed in presence of
Doris B. Davis
By Hiram Kendall Manager
Thomas Sutcliffe Asst. Manager
Discharged recorded April 23, 1953 at 1:00 o'clock, p. m.,
Town Clerk.
The page as recorded
