The instrument's own words
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KNOW ALL MEN BY THESE PRESENTS: That we, WALTER E. SWEERNOR and JOSEPHINE C. SWEERNOR, husband and wife, both of the City of Cranston, in the State of Rhode Island (hereinafter called the mortgagors) in consideration of THREE THOUSAND ($3000.00) Dollars to us paid by the Old Colony Co-Operative Bank, a corporation legally incorporated and established and transacting business in the City of Providence in the State of Rhode Island, the receipt whereof is acknowledged, do hereby grant, bargain, sell and convey unto the said Old Colony Co-Operative Bank (hereinafter called the mortgagee), its successors and assigns, forever,
That certain tract or parcel of land, situated in the Town of Charlestown, in the State of Rhode Island, and described as follows:
Beginning at the most easterly outer corner of the premises hereby conveyed, at a point in the Town boundary, which said point is the most northerly northeast corner of lot no. 1 nearby, and running thence southwesterly, one hundred twenty three feet (123'), more or less, southeasterly on said Vance land, one hundred twenty three feet (123'), more or less, southerly, on the land of James A. [?] and heirs, one hundred twenty turning and running northeasterly, bounding southeasterly on said Vance land, forty five (45') feet, more or less, to land now or lately owned by Daniel E. Palmer, turning thence northerly, one hundred twenty three feet (123'), more or less, bounding northeasterly on said Palmer land, one hundred twenty five (125') feet, more or less, to a point in said boundary line, thence turning and running northwesterly, bounding northeasterly on said boundary line, forty five (45') feet, more or less, to a point and place of beginning.
Said premises are conveyed together with and subject to rights of ways of record, and subject to restrictions of record.
Together with all buildings and improvements now or hereafter erected thereon or elsin any the appurtenances, easements, rights and privileges thereto belonging or in any wise 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 for 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; except as aforesaid; that they have good, right, full power and lawful authority to sell and convey the same in manner as 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 the said mortgagee, and its successors and assigns, forever, against the lawful claims and demands of all persons, except as aforesaid
And for the consideration aforesaid, we, said mortgagors, do hereby release all our rights of curtesy and dower and all other rights, statutory or otherwise, in and to the said granted premises unto the said mortgagee, and its successors and assigns, forever.
PROVIDED, NEVERTHELESS, and this conveyance is made upon the express condition that, if said mortgagors, or their heirs, executors, administrators or assigns, shall not pay the said mortgagee, or its successors or assigns, the sum of Three Thousand ($3000.00) Dollars, together with the interest thereon, in [?] monthly installments of Thirtyone and 20 ($31.20) Dollars together each payable on the 16th day of each and every subsequent month succeeding the date hereof, all in the manner and according to the terms of a certain promissory note of the said mortgagors bearing even date herewith; and shall also pay all taxes, assessments, insurance premiums, water rates and other sums, the payment of which are hereby secured, as and 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 and administrators, consign 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 due as aforesaid, or of the taxes, assessments, insurance premiums or water rates hereinafter specified, or of any other sum of money the payment of which is hereby or by said note required or secured, or of any portion thereof at the time or times when due as herein or therein provided, and such default shall continue for three (3) months, or if breach shall
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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.
KATHERINE M. RYAN
Notary Public.
Received for record June 18th, A. D. 1952 at 511 o'clock, p. m., and recorded by
[signature] Town Clerk.
----
The OLD COLONY CO-OPERATIVE BANK, having received full payment and satisfaction, does hereby cancel and
discharge and discharge said Mortgage Deed recorded in the Land Records of the Town of Charlestown,
Sc. State of Rhode Island in Mortgage Book 33 at Page 38, dated 27th day of April, 1949. Said
bank has caused these Presents to be signed on its behalf by its Assistant Secretary and by its
Assistant Secretary, under the corporate seal, and further affixed by its Assistant Secretary, all here-
unto duly authorized, this 27th day of April A. D. 1955.
Signed, Sealed and Delivered
in presence of
Mary A. Falchini
}
} OLD COLONY CO-OPERATIVE BANK (Corporate Seal)
} By Robert H. Reid
} Assistant Secretary
}
} Katherine M. Ryan
} Assistant Secretary
Received for record April 28th, A. D. 1955 at 2:50 o'clock, p. m., and recorded by
[signature] Town Clerk
----
Know all men by these presents that whereas, Shelter Harbor Corporation, a corporation
organized under the laws of the State of Rhode Island and having its office and principal place
of business in the Town of Westerly, Washington County in said State of Rhode Island, did on the
31st day of December, A. D. 1931 make, execute and deliver its certain deed of mortgage of that
date, conveying the premises hereinafter described to Samuel Nardone and Company, Incorporated, a
corporation organised under the laws of the State of Rhode Island and having its principal place
of business and office in said Westerly to secure the payment of sixteen (16) negotiable prom-
issory notes, six (6) of which were for the sum of one thousand ($1000) dollars and payable to
the order of said Samuel Nardone and Company, Incorporated, on the first day of March, April,
May, June, July and August, A. D. 1932, respectively and ten (10) of which were for the sum of
two thousand ($2000) dollars each and payable to the said Samuel Nardone and Company, Incorporated,
or order on the first day of September, October, November, December, 1932 and the first day of
January, February, March, April, May and June, A. D. 1933, respectively with interest on all said
notes at the rate of six (6) per cent per annum from January 1, A. D. 1932, as by reference to
said deed of mortgage on record in the Land Evidence of said Westerly for recording mortgages of
real estate, Book No. 25, page 366, will fully appear and whereas the said Shelter Harbor Corpo-
ration, did, in and by its said deed of mortgage appoint said Samuel Nardone and Company, Incor-
porated, it's successors or assigns, it's attorneys, irrevocable, with full power of substitution
and revocation for it in its name or in their names or in their name on or at any time, in case default
should be made in the payment of any of its said notes or of the interest due on any of said
notes, and in case of default should initiate for a term of ten (10) days, to sell at Public Auction,
the premises described in said deed and hereinafter described, first giving notice of the time
and place of sale by publishing the same at least once a week for three (3) successive weeks in
the Westerly Sun, a public newspaper, printed and published in said Town of Westerly, and in "its
name, or in its name, or in their names to make and deliver to the purchaser of said premises any deed or
deeds that might be necessary to vest in such purchaser an estate in fee simple therein, as more
clearly appears in and by said mortgage deed;
And whereas, default was made in the conditions of the said deed in this, that the semiannual
interest due on all of said notes and the principal due on to wit: twelve (12) of said notes
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