6/17/1953 · MORTGAGE · book 33 page 528 doc 3533@33/528

528 KNOW ALL MEN BY THESE PRESENTS: That We, EVERETT R. GRAICHEN and LUCY GRAICHEN, husband and wife, of Providence, Rhode Island, hereinafter called "the mortgagors," in consideration of Two Thousand five Hundred & 00/100 ($2,500.00) 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 mortgagees," the receipt whereof is hereby acknowledged, do hereby grant to the mortgagees, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: That certain lot of land together, with the dwelling house and other improvements thereon situated in the Town of Charlestown, County of Washington and State of Rhode Island, being shown and designated as Lot Number One (1) in a certain Subdivision Plan No. 1 dated May 1st, 1936 in Charlestown, R. I., belonging to Everett Graichen and Sydney Cohn, C.A. [?] recorded in the Land Evidence Records of said Town of Charlestown reference to which is hereby made and for a more particular description of said land. Being the same Premises conveyed to the mortgagees by deed of Sydney and Helen Cohn dated May 21st, 1952, recorded in Book 33, page 130 of the Land Evidence Records of the Town of Charlestown, and subject to the conditions and restrictions referred to therein. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALES; 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 mortgagees, 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 668. Said covenants and agreements are hereby 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, being husband and wife, release to the mortgagees all of (dower)&(curtesy) and all other rights, statutory or otherwise, in the aforesaid described premises. IN WITNESS WHEREOF, the mortgagor has executed these presents on the 16th day of June, 1953. EVERETT R. GRAICHEN LUCY GRAICHEN Executed in presence of Fred Rayner INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 16th day of June, 1953, before me personally appeared the above named Everett R. Graichen and Lucy Graichen, 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. LILLIAN G. COATES Notary Public Received for record June 17th, A. D. 1953 at 9:30 o'clock, a. m., and recorded by [Signature] Town Clerk (FOR DISCHARGE OF ABOVE MORTGAGE, SEE PAGE 529)