10/6/1954 · MORTGAGE · book 34 page 298 doc 4006@34/298

298 KNOW ALL MEN BY THESE PRESENTS: That We, EDWARD E. PERKINS and ELIZABETH PERKINS, husband and wife, of Westerly, Rhode Island, hereinafter called "the mortgagors," in consideration of Five Thousand & 00/100 ($5,000.00) Dollars, to us paid by INDUSTRIAL NATIONAL BANK of Providence, a national banking association organized and existing under the laws of the United States of America, with her 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 hereinbefore, of the following: A certain tract or parcel of land, together with the buildings and other improvements thereon, situated on the south side of the Post Road, so-called, "in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: COMMENCING at the northeasterly corner of said tract at the northeasterly corner of land of Southampton Grange, No. 46, P. of N., at the line of conveyance taking by the State of Rhode Island for highway, of public books lying in a general outing that carries Northern Boulevard as the Post Road, thence running in a general southerly direction that carries Northern Boulevard as the Post Road, thence a distance 200 feet southerly direction, bounded easterly by said highway, to a point in the ground at land of Vernon R. Sessa and Emma R. Butchens; thence running in a general westerly direction, bounded southerly by said highway, to a point in the ground 125 feet, more or less, to the boundary other land of these mortgagors; thence running in a general northerly direction, bounded westerly by said boundary, to a point in the ground, in a line parallel and 125 feet distant westerly from said first mentioned line, a distance of 200 feet, more or less, to said Post Road; thence running in a general easterly direction, bounded northerly along said Post Road, a distance of 125 feet, more or less, to the point and place of beginning. Being the easterly one-half of the same premises conveyed to these mortgagors by deed of Vernon R. Sessa and Emma R. Butchens dated August 18th, 1952, recorded in Book 33, pages 139 and 340 of the Land Evidence Records of said Town of Charlestown. 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 hereof being hereby acknowledged, the exact terms of which are recorded in said Charlestown Land Evidence in Book 34, at page 40. Said covenants and agreements are hereby by 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, release to the mortgagee all right of (down)(curtesy) and all other rights, statutory or otherwise, in the above described premises. IN WITNESS WHEREOF, the mortgagor has executed these presents on the 4th day of October, 1954. EDWARD E. PERKINS ELIZABETH PERKINS Executed in presence of Fred Sayner INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 4th day of October, 1954, before me personally appeared the above named Edward E. Perkins and Elizabeth Perkins to me known and known by me to be the parties executing the foregoing instrument, and acknowledged said instrument by their execution to be their free act and deed. LILLIAN G. COATES Notary Public Received for Record October 6th, A. D. 1954 at 9:45 o'clock, a. m., and recorded [?] Town Clerk (FOR DISCHARGE OF ABOVE MORTGAGE, SEE PAGE 299)