The instrument's own words
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1. To pay all indebtedness hereby secured in accordance with the tenor of said note, all taxes and assessments of every nature levied or to be levied upon said premises or upon the mortgages, its successors or assigns, in respect to this mortgage or note; and to perform under statutes now in force or that may hereafter be enacted, all premiums for insurance maintained upon said premises, and all other covenants hereby expressly or impliedly herein provided.
2. To keep and maintain insurance against loss by fire upon the buildings upon said premises, and payable in case of loss to said mortgages and its successors and assigns, in at least such amount, not less than Sixty-four hundred dollars ($6400.00) Dollars and no cents, as may be necessary to prevent the orphanage of the mortgage or insurance clauses, and in such fons and in such company or companies as shall be satisfactory to said mortgage, its successors and assigns, recording that the mortgage who are hereby authorized to effect insurance through such agents or brokers as they may select; all insurance effects upon said premises, and all policies thereof, either now or hereafter executors, administrators and assigns, or whether not required by the mortgage, its successors and assigns, shall be assigned to and the policies thereof shall be delivered to, said mortgage, its successors and assigns hereby making, constituting and appointing the mortgage, its successors and assigns for the time being, constitutes WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, or its successors, their true and lawful attorney or attorneys at law, for them and in their name and same it shall have the uncontrolled discretion of said attorney, to demand, adjust, sue for, compromise and settle any and all claims for loss or damage, and to execute any such releases, give discharging receipts for any and all sums received in settlement of loss thereon and to said attorney is authorized to receive such sums (including any reasonable attorney's fees) incurred in connection therewith, and to deliver the remainder thereof to said mortgage, its successors and assigns, and we shall apply the same to any and unrepaid premium of or dividend upon any canceled insurance policy, notwithstanding any claim of any holder of any subsequent lien upon said premises, at its option election to apply such sums to the installments of the indebtedness hereby secured, whether or not then due, or in reimbursement of advances, for taxes, assessments, insurance premiums, etc., or upon the cost of repairing or restoring the damaged buildings or improvements.
3. To maintain all buildings upon said premises in good repair, and not to cause or permit walls, doors, or windows to be removed without first making the written consent of the mortgage, its successors and assigns.
4. That all mounts advances by the mortgage, its successors and assigns for the payment of taxes, assessments, and 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 secured by these presents.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 16th day of November, A. D. one thousand nine hundred and fifty-three.
Signed, Sealed and Delivered
in presence of
Henry Harris
Loretta Mich
LOUIS R. BALESTRACCI, JR. (SEAL)
HELEN N. BALESTRACCI (SEAL)
STATE OF CONNECTICUT }
} SC.
COUNTY OF NEW LONDON }
In Pawcatuck, on the 16th day of November, A. D. 1953, before me personally appeared Louis R. Balestracci, Jr., and, Helen N. Balestracci, both to me and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument, by them executed, to be their free act and deed.
HENRY HARRIS (Notarial Seal)
Notary Public
Received for record November 17th, A. D. 1953 at 3:08 o'clock, p. 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 thereto affixed by the Treasurer hereof duly authorized, this 24th day of April, 1962.
In presence of
JAMES J. MORRISON
WESTERLY SAVINGS FUND AND LOAN ASSOCIATION
By A. Angela Meighan, Treasurer (Corporate Seal)
Received for record April 25th A.D. 1962 at 9:20 o'clock A.M. and recorded by
[Signature]
Deputy Town Clerk
The page as recorded
