The instrument's own words
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503
KNOW ALL MEN BY THESE PRESENTS: That we, Roland E. DEMONRANVILLE and MATILDA IRENE DEMONRANVILLE, husband and wife, both of the Town of Charlestown, in the County of Washington and State of Rhode Island, (hereinafter called the mortgagors) in consideration of Two thousand ($2,000.00) Dollars to us paid by the WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, a corporation legally incorporated, and established and transacting business in the Town of Westerly, in the County of Washington, and State of Rhode Island, the receipt whereof is acknowledged, do hereby grant, bargain, sell and convey unto the said Westerly Savings Fund and Loan Association (hereinafter called the mortgagee), its successors and assigns, forever,
a certain parcel of land, with the buildings and with all the other improvements appurtenances thereon, located in the Town of Charlestown, County of Washington, Commonwealth and State of Rhode Island Jones, bounded and described as follows:
Beginning at the junction of the Road present the East and the West Quonnoqu متش Road beach road; thence running southeasterly, bounding southerly by said West Quonnoqu متش Road beach Road, above aforesaid, a distance of 1,000 feet, more or less to a stone wall; thence running easterly along said wall to a corner, bounding southerly by said Road aforesaid, and bounding northerly, now of Jennie S. Day and Edwin F. Bliss; thence running northerly along a stone wall to the Post Road, bounding southwesterly by said Road aforesaid, and bounding northerly by said Bliss; thence running northerly bounding northerly by said Post Road, to the point of beginning; and or however otherwise the same may be bounded or described.
Being the same premises conveyed to said Roland E. Demonranville and Matilda Irene Demonranville by Charles S. Brightman, as Administrator, of the Estate of Alice M. Brightman, deceased, by a deed dated July 2, 1942, recorded in the Land Evidence Records of said Town of Charlestown in Book 28, page 576.
Together with all buildings and improvements now or hereafter erected thereon, all the hereditaments, appurtenances and rights thereunto belonging or in any way 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; that they have good right, full power and lawful authority to sell and convey the same in the manner as above 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 and the said mortgagee, its successors and assigns, forever, against the lawful claims and demands of all persons.
PROVIDED, NEVERTHELESS, that this conveyance is made upon the express condition that, if said mortgagors, or their heirs, executors, administrators or assigns, shall pay unto the said mortgagee, or its successors or assigns, the sum of Two thousand ($2,000.00) Dollars, together with the interest thereon, in One hundred forty-four (144) monthly installments of Eighteen and 50/100 ($18.50) Dollars, each payable on the second day of each and every month succeeding the date hereof, all monthly installments in arrears to bear interest at the rate of two (2%) per cent monthly until paid, all in the manner and according to the terms of a certain promissory note of the said mortgagors bearing even date herewith; and shall perform all the terms of a collateral agreement of even date herewith made by said mortgagors with said mortgagee; and shall also pay all taxes, assessments, insurance premiums, water rates and other sums, the payment of which is hereby secured, and as 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, administrators and assigns, 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 during due as aforesaid, or of the taxes, assessments, insurance premiums or
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not required by the mortgagees, its successors and assigns, to be payable to,
and the policies thereof to be delivered to, said mortgagees, its successors
and assigns; hereby making, covenanting and agreeing that the presidential se-
cretary for the time being of said Westerly Savings Fund and Loan Association,
or its successors, shall have power to adjust, compromise or otherwise settle,
in their name and stead but in the uncontrolled discretion of said attorney,
to extend, bind the said mortgagees, its successors and assigns to any agreement
and all sums received in settlement of such losses, successors to reimburse themselves
off for all expenses incurred in the adjustment and any uninsured loss incurred
therein, and to deliver to the remainder said to mortgage its, successors
and assigns, any insurance proceeds, any salvage and any uninsured loss or
dividend upon any cancelled insurance, notwithstanding any claim of any holder
of any subsequent lien, or any other person or persons claiming rights redemptions
or in part upon any installments of the indebtedness hereby secured, whether
or not due, or any other person or persons claiming rights redemptions for taxes, assessments for insurance premiums, or upon the cost of replacing or restoring the damaged
building or improvements.
3. To maintain all buildings upon said premises in good repair, and not to cause
or permit waste or demolition or removal without first obtaining the written
consent of the mortgagees, its successors and assigns.
4. That all amounts advanced by the mortgagees, its successors and assigns, for
the payment of taxes, assessments, water or rates insurance premiums shall be
repaid upon demand, and until repaid shall be added to the unpaid principal of
the indebtedness hereby secured, and shall bear interest at the same rate as
said indebtedness, and, together with such interest, shall be a further lien upon
the premises described in the preceding presents.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 15th day of May, A. D.
one thousand nine hundred and fifty-three.
Signed, Sealed and Delivered
In presence of
Henry Harris
ROLAND E. DEMONARVILLE (SEAL)
MATILDA IRENE DEMONARVILLE (SEAL)
STATE OF CONNECTICUT }
County of New London } SC.
In Pawcatuck, on the 15th day of May, A. D. 1953, before me personally appeared the
above named Roland S. Demonarville and Matilda Irene Demonarville, both to me known and known by
me to be the parties executing the foregoing instrument, and they severally acknowledged said
instrument, by them executed, to be their free act and deed.
HENRY HARRIS (Notarial Seal)
Notary Public
Received for record May 16th, A. D. 1953 at 11:10 o'clock, a. m., and recorded by
[Signature]
Town Clerk
The WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, having received full payment of all sums due
on this mortgage, does hereby cancel and discharge the same. In testimony whereof, said
Association has caused its corporate name and seal to be hereto affixed by the Treasurer thereof
duly authorized, this 31 day of October 1955.
In presence of
Henry Harris
WESTERLY SAVINGS FUND AND LOAN ASSOCIATION (Corporate Seal)
By John B. Findlay, Treasurer
Received for record November 1st, A. D. 1955 at 2:00 o'clock, p. m., and recorded by
[Signature]
Town Clerk
The page as recorded
