2/20/1939 · MORTGAGE · book 27 page 540 doc 34@27/540

541 respect of said premises, or in respect of said mortgage, which said Wakefield Trust Company, its successors or assigns, may be called upon to pay, whether assessed under statutes now in force or that may be subsequently enacted, 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 the said principal sum or of said int- erest at the same times or times and in the manner aforesaid, or of the taxes or assessments afore- said, said, as the same become payable, or of any or another of them, or of any part thereof, or if breach shall be made of the covenant for insurance hereinafter contained, then it shall be law- ful for said Wakefield Trust Company, its successors or assigns, to sell, toggle, other or in par- cels, all and singular, the premises hereby granted, or intended to be granted, or any part or parts thereof, and the benefit and equity of redemption of said mortgagors, their heirs, executors, administrators and assigns, therein, at public auction, and to bid for and become the purchaser or purchasers at any such sale, (and no other purchaser or purchasers shall be answer- able for the application of the purchase money), first giving notice of the time and place of sale by publishing the same at least once each week for three successive weeks in some newspaper published in Washington County, state of Rhode Island, with power to adjourn such sale from time to time, provided that the publishing of said notice shall be continuous, together with a notice of the adjournment or adjournments, at least once each week in the same newspaper; and said sale to be upon the premises or premises as otherwise or specified in such notices; and its or their own name or names, or as the attorney or attorneys of the said mortgagors (for that purpose by these presents duly authorized and appointed with full power of substitution and revocation), to make, execute and deliver to the purchaser or purchasers at such sale or sales a good and suffi- cient deed or deeds of sale of premises in fee simple; and to receive the proceeds of such sale or sales, and therefrom to retain all sums hereby secured, whether then due or due to fall due in the after, or after the term postponed remaining unpaid, and also, the interest thereon due on the same, to- gether with all expenses incident to such sale or sales, and all counsel fees and other expenses, incurred in, or any way connected with the exercise of those powers, and all taxes, and asses- ments as aforesaid, and all premiums for insurance, if any, either therefore paid or payable by said Wake- field Trust Company, its successors or assigns, or then remaining unpaid, rendering and paying the surplus of said proceeds of sale, if any there be, over and above the amounts so to be retained as aforesaid, together with a true and particular account of such sale or sales, expenses and charges, to the said mortgagors, their heirs, executors, administrators or and in equity assigns, which sale made as aforesaid, shall forever operate a perpetual bar both in law and in equity against the said mortgagors, their heirs, executors, administrators and assigns, and all persons claiming said premises, so made, by us, from under them, or by any of them. AND WE, the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Wakefield Trust Company, its successors and assigns that we or they will upon request execute such deed or deeds confirmatory of such sale or sales as may be necessary or advisable. AND FURTHERMORE, we, the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Wakefield Trust Company, its successors and assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Wakefield Trust Company, its successors and assigns, shall approve, in a sum not less than Four Hundred and 30/100 ($400.30) Dollars, and that the policy or policies of such insurance upon said building shall be assigned and transferred, and made payable in case of loss, to said Wakefield Trust Company, its successors and assigns, as col- lateral security hereto, and in default thereof, hereby agree that said Wakefield Trust Company, its successors and assigns, may effect such insurance either in its or their own name, or in the name of GEORGE W. GREENE and ANNIE M. GREENE, the said mortgagors, their heirs or assigns, and in equity