The instrument's own words
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Successors or Assigns, the sum of FIFTY-FIVE HUNDRED Dollars, at its Banking House in Green-
ville ONE YEAR from the date hereof, with interest thereon, at the rate of six per centum per
annum, in advance, payable semi-annually until said principal sum is paid, whether at or after
maturity, and all installments of interest in arrear, whether before or after maturity, to bear
interest at the rate aforesaid until paid; and shall also pay all taxes and assessments of every
kind assessed or imposed at once or in respect of said premises, or upon said Greenville Trust
Company, its Successors or Assigns, in respect of this mortgage or mortgage debt whether under
statutes now in force or that may be hereafter enacted, and shall maintain insurance on said
premises as heretofore provided and pay the premiums therefor on square end, all paid of payments
to be paid at the several times of payment in currency of the United States, then this deed as
all be my promissory note whereby I and the said Mabel F. Hagees said mortgagor promise to pay
Greenville Trust Company or order, the sum aforesaid with interest as aforesaid at the times
aforesaid, shall become and be absolutely void to all intents and purposes whatsoever.
BUT IF DEFAULT shall be made in the payment of the said principal sum or of said interest
at the times and in the manner aforesaid, or of the taxes or assessments aforesaid as the same
first become payable, or of any or either of them or of any part thereof, or if breach shall be
made of the covenants for insurance hereinafter contained, then it shall be lawful for the said
Greenville Trust Company, its Successors or Assigns, to sell, together or in parcels, all or any,
singular or the premises hereby granted, or intended to be granted, or of any part or parts thereof,
the benefit and equity of redemption of us the said mortgagor and of the said Mabel F. Hagees,
our heirs, executors, administrators and assigns therein, at public auction, and to bind the for and
become the purchaser at any such sale, and no other purchaser shall be admissible for the appli-
cation of the purchase money, first giving notice of the time and place of sale, by publishing
the same at least once each week for three successive weeks in some newspaper published in the
City of Providence, with power to adjurne such sale from time to time providing that the publica-
tion of said notice shall be continued, together with a notice of the adjournment or adjournments,
at least once each week in the same newspaper; and such sale to be upon the premises or elsewhere
as specified in such notices and in its or their own name or names, or as the attorney or attorneys
of us the said mortgagor and of the said Mabel F. Hagees (for that purpose by these presents duly
authorized and appointed with full power of substitution and revocation), to make, execute and
deliver to the purchaser or purchasers at such sale or sales, good and sufficient deed or deeds of
the premises sold in fee simple and or to receive the purchase moneys, and therefrom to retain all
sums hereby secured, whether then payable or to become payable thereafter, or the part thereof then
remaining unpaid, and also, the interest due on them as the same, together with all expenses incident
to such sale or sales, and all counsel fees and other expenses, incurred in, or in any way connect-
ed with, the exercise of these powers, and all taxes, and assessments as aforesaid, and all
premiums for insurance, wherefore paid by the said Greenville Trust Company, its Suc-
cessors or Assigns, or then remaining unpaid, rendering and paying the surplus of said purchase
moneys, if any there be over and above the amounts so to be retained as aforesaid, together with
a true and particular account of such sale or sales, expenses and charges to, us the said mortgagor,
my heirs, executors, administrators or assigns, which sale or sales shall forever be a perpetual,
bar both in law and equity against us the said mortgagor, and the said Mabel F. Hagees, our heirs,
executors, administrators and assigns, and all persons claiming said premises sold by, from
or under me, then, or any of them.
And I the said mortgagor, and the said Mabel F. Hagees for ourselves and for our heirs,
executors, administrators and assigns, hereby covenant with the said Greenville Trust Company, its
Successors and Assigns, that we or they upon request execute such deed or deeds confirmatory
of such sale or sales as may be necessary or desirable.
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634
AND FURTHERMORE, I the said mortgagor, for myself and for my heirs, executors, administrators and assigns, hereby covenant with the said Greensville Trust Company, its Successors and Assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid in such office or offices as the said Greensville Trust Company, its Successors and Assigns, shall approve, in a sum not less than a sum not less than FIVE THOUSAND HUNDRED Dollars or in such greater amounts as will prevent the operation of co-insurance clauses contained in such policies of insurance, and that the policy or policies of insurance shall be assigned and transferred, or made payable in case of loss, to the said Greensville Trust Company, its Successors and Assigns, as collateral security hereto, and in default thereof hereby agree that said Greensville Trust Company, its Successors or Assigns, may pay from time to time any premiums which may be necessary to maintain existing insurance or effect new insurance; and the said mortgagor for himself and for his heirs, executors, administrators and assigns agree to repay to the said Greensville Trust Company, its Successors or Assigns, upon demand any premiums paid by it or them, and if not repaid, the same shall be added to said principal sum and shall be a further charge upon said premises granted and secured by those presents, as aforesaid.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this last 1st day of March, A. D. one thousand nine hundred and thirty-seven.
ARTHUR R. MAGEE (L. S.)
MABEL F. MAGEE (L. S.)
Signed, sealed and delivered
in presence of
W. S. SWANS
STATE OF RHODE ISLAND }
County of Providence } sc.
In Providence on the 2nd day of March, A. D. 1937 before me personally appeared the above named grantor Arthur R. Magee and wife Mabel F. Magee, each to me known 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.
WALDO S. SWANS (L. S.)
Notary Public.
Received for record March 4th, A. D. 1937 at 9:16 o'clock, a. m., and recorded by
[Signature]
Town Clerk
The GREENSVILLE TRUST COMPANY in Greensville, having received full payment and satisfaction of the within mortgage, recorded in the Records of Town of Charlestown in Real Estate Mortgage Book 28 page 655 (said Book and Page being the record of the mortgage HEREOF), said Company has caused these Presents to be signed and its Corporate Seal to be hereunto affixed by its Assistant Treasurer duly authorized, this 6th day of December A. D. 1951.
Signed and Sealed
in presence of {
James H. Anderson {
GREENSVILLE TRUST COMPANY (Corporate Seal)
Marion A. Lacey
Assistant Treasurer
Received for record January 11th, A. D. 1952 at 1:25 o'clock, p. m., and recorded by
[Signature]
Town Clerk
The page as recorded
