10/6/1955 · DEED · book 34 page 531 doc 4283@34/531

MORTGAGE DEED 433 KNOW ALL MEN BY THESE PRESENTS, That We, JAMES E. REAY, JAMES E. REAY, and SHIRLEY A. REAY, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island, hereinafter called the mortgagors, for consideration paid, grant to THE WASHINGTON TRUST COMPANY, a corporation created by Act of the General Assembly of the State of Rhode Island, located and having its principal office and place of business in the Town of Westerly, County of Washington and State of Rhode Island, hereinafter called the mortgagee, with MORTGAGE COVENANTS, to secure the payment of SIX THOUSAND nor/100 ($6,000.00) Dollars, with interest thereon at the rates specified in a certain negotiable prom- issory note of the mortgagors, of even date herewith, said principal and interest being payable in monthly installments of THIRTY-NINE and 60/100 ($39.60) Dollars each on the 10th day of each successive month commencing Sept. 10, 1956, until said principal and interest are paid in full, in all as provided in said note, the following described land, together with all buildings and other improvements now or hereafter erected thereon, all the hereditaments, appurtenances and rights thereunto belonging or in any wise now or hereafter appertaining, and together with and including as part of the realty, all heating and air-conditioning apparatus, plumbing, stoves, doors and windows, gas, oil and electric fixtures, screens, screen doors, swings, and other of whatever kind or whateer skin of praised premises or hereafter placed thereon prior to the full payment and discharge of this mortgage, situated in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: Those certain lots or parcels of land, together with any and all buildings and improvements located thereon, situated in the Town of Charlestown, County of Washington, State of Rhode Island, shown as designated as Lots Number 10, 11 and 12 on a "Map of the Sea-Shore Lots, Rhode Island", owned and developed by Thomas P. Reilly, Scale 1" = 100 feet, dated July 25, 1954, K. W. Leighton, Civil Engineer Exhibit "A", and recorded and filed in the Office of the Town Clerk, said Town of Charlestown. Said lots form one tract bounded as follows: NORTHERLY : by Green Hill Road, as shown on said Map, One Hundred (100) feet, more or less; EASTERLY : by Lot 8, as shown on said Map, 148.22 feet, more or less; SOUTHERLY : by Lots 48, 49, 50 and 51, a distance of One Hundred (100) feet, more or less; and WESTERLY : by Lot 13, as shown on said Map, a distance of 158.82 feet, more or less. Subject to restrictions as contained on said Map. Together with paving privileges with the mortgagors herein by Emmanuel H. Marshall, being the dame premises conveyed to the mortgagors herein by Emmanuel H. Marshall, by deed dated December 11, 1955, recorded in the Land Evidence Records of the Town of Charlestown, R. I., in Book No. 33 at Page 683. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that a foreclosure may be held upon the premises or elsewhere at the option of the mortgagee, as specified in the statute of frauds. This mortgage is made subject to those additional covenants and agreements contained in said instrument entitled ADDITIONAL COVENANTS OF MORTGAGORS OF THE WASHINGTON TRUST COMPANY, executed concurrently with the mortgage, by the mortgagors, and delivered by the mortgagors, the exact terms of which are on record in said Town of Charlestown in Land Evidence Records Book 34 at pages 353 and following. Said premises are insured for the sum of $5,000.00 and in the event that a default shall be made in the observance or performance of any of the same, it shall be lawful for the mortgagees to sell the above described premises pursuant to said STATUTORY POWER OF SALE. WITNESS our hand this 10th day of August 1956. JAMES E. REAY SHIRLEY A. REAY Executed in presence of James H. STATE OF RHODE ISLAND County of Washington. In Westerly on the 10 day of August 1956, before me personally appeared the above named James E. Reay and Shirley A. Reay, husband and wife, both to me known and known by me to be the parties executing the foregoing instrument, and they severally acknowledged said instrument by them executed to be their free act and deed. ADELAIDE E. WHITE (Notarial Seal) Notary Public Received for record August 16th, A. D. 1956 at 11:15 o'clock, a. m., and recorded by Town Clerk (FOR DISCHARGE OF ABOVE MORTGAGE SEE BOOK 40, PAGE 186)