2/20/1954 · MORTGAGE · book 34 page 52 doc 3752@34/52

52 KNOW ALL MEN BY THESE PRESENTS: That I, CHARLES S. BRIGHTMAN, of Charlestown, Rhode Island, hereinafter called the "mortgagor," in consideration of Three Thousand ($3,000,000) Dollars, to me paid by INDUSTRIAL NATIONAL BANK of Providence, a national banking association organized and existing under the laws of the United States of America, with its principal place of business in the City and County of Providence in the State of Rhode Island, hereinafter called the "mortgagee," the receipt whereof is hereby acknowledged, do hereby grant to the mortgagee, 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 before mentioned, the following: A certain tract or parcel of land with the dwelling house and other improvements thereon, situated on the northerside side of the old Post Road, so called, in the Town of Charlestown, County of Washington and State of Rhode Island, described as bounded as follows:— BEGINNING at an iron pipe set in ground on the northerly line of said old Post Road, said pipe being south of the southeasterly corner of land conveyed by Charles S. Brightman to Frank Crompton and wife by deed Dated September 20th, 1953, recorded in Book 32, page 59 of the land evidence records of said Town of Charlestown, thence running northerly to said bounded westerly by said Crompton land, a distance of 78.85 feet to an iron pipe set in the ground; thence running easterly in a general southeasterly direction a distance of 47.90 foot to an iron pipe set in the ground; thence running in a generally southeasterly direction a distance of 101.10 feet to an iron pipe set in the ground; thence running in a westerly direction, thence running in a southeasterly direction a distance of 231.70 feet, to the point and place of beginning; bounded on the north by land of [?] if enclosed by a fence or if not enclosed by a fence on the east by the right of way leading to the New Post Road; on the south by the old Post Road and land of Charles S. Brightman and Frank Crompton and wife; or however otherwise the same may be bounded or described. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; 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 mortgagee, 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 in Book 34, at page 40. 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. IN WITNESS WHEREOF, the mortgagor has executed these presents on the 19th day of February, 1954. Executed in presence of Thomas Butellefice CHARLES S. BRIGHTMAN INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 19th day of February, 1954, before me personally appeared Charles S. Brightman to me known and known by me to be the party executing the foregoing instrument and acknowledged said instrument by him executed to be his free act and deed. HERBERT E. COOKE Notary Public Received for record February 20th, A. D. 1954 at 9:55 o'clock, a. m., and recorded by [?] Town Clerk (SEE PAGE 53, FOR DISCHARGE OF ABOVE MORTGAGE)