The instrument's own words
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Know all men by these presents that I Joseph Stanton of North Kingstown
in the State of Rhode Island in consideration of the sum of one hundred
and twenty five dollars to me paid by the westerly Savings Bank in
Rhode Island, do bargain and sell to the said Savings Bank their
successors and assigns a certain tract or parcel of land situated in said
North Kingstown with a dwelling house & other improvements thereon
standing, and bounded as follows (see) it being the same estate which
the said grantor purchased of Benjamin Thomas by deed dated
May 24th 1869 & is recorded in land evidence of said Charlestown
Book 24 p 49 and page 342 reference being made to said deed
for the bounds of said premises hereby conveyed and the same
made to present these premises
To have and to hold the said granted and bargained
premises with the privileges and appurtenances thereunto to the said
Westerly Savings Bank, their Successors and assigns forever, and
I do hereby covenant with the said Savings Bank, that the
above granted premises are free from all encumbrances and
that I will warrant and defend the same to the said Savings
Bank, their Successors and assigns against the lawful claims
and demands of all persons
And I Patience Stanton wife of said Joseph Stanton
do in consideration of the sum paid as aforesaid do hereby release
and forever quitclaim to the said Savings Bank their
successors and assigns all my right of dower in and to
the aforementioned premises
The condition of this deed is such that whereas
the said Joseph Stanton has executed his negotiable promissory
note, bearing under date herewith and made payable to the
said Savings Bank on order one year after date for the sum
of one hundred and twenty five dollars which note it is
contemplated to renew from time to time either for the whole
amount of the same or for a part thereof I see therefore if
I the said Joseph Stanton or any other person for me shall
fail paid said note and all renewals of the same as lastly according
to the tenor thereof This Deed shall be void, otherwise said shall
remain in full force
Furthermore I the said Joseph Stanton do hereby
appoint Samuel D. Perry trustee of said Savings Bank or
his successor in said office, my attorney irrevocable, with full
power of substitution and revocation to sell at public auction
the said premises if at any time of said note or notes shall
become true and remain unpaid for the space of ten days past
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72
giving notice thereof for at least three weeks in some public places—
thereof published in the town of Westerly and upon such sale shall in
no wise or in his name operate good and sufficient clear title or deeds
of said premises with the usual covenants of warranty so as to vest in
the purchaser or purchasers estate in fee Simple in the premises
and may collect and secure their purchase money, and after paying all
taxes and other expenses of such sale and costs money due from me
to said Savings Bank pay the residue to me or my heirs and assigns
according to law returning all things which may be legally done
by my said attorney or attorneys in the premises aforesaid
[Signature]
And I the said Joseph Stanton do hereby warrant
and with the said Savings Bank that Insurance against loss by fire
shall be kept and maintained upon the buildings on the premises
offered at such office or offices as shall be determined thereby, in a
sum not less than five hundred dollars and the assessments thereon
duly paid, and the policy or policies of such insurance shall be
assigned and transferred to the said Savings Bank as collateral security
therefor, and in default thereof do hereby agree that the said Savings
Bank may effect such insurance, and the premises or premises
part thereof shall be a further lien upon said estate
Eli Putnam witness our hands we hereunto set our hands and seals this
13 day of July in the year of our lord one thousand eight hundred
and forty eight
Signed Sealed and delivered
in presence of
Samuel H. Coes
H. Coes
State of Rhode Island & Pro
Washington Co.
Westerly S.S.
I in Westerly this 13d day of July A.D. 1848
Joseph Stanton personally appeared and acknowledged the within
assignment by his hand signed to be his free act and deed
Samuel H. Coes Court Clerk
State of Rhode Island & Pro
Washington Co. In Charleston on this 6th day of July
A.D. 1892 before me Patience Stanton wife of Joseph Stanton, one of the
induces to the foregoing instrument, being examined separately and apart
from her said husband acknowledged the same to be her free act and
deed, and stated she did not wish to retract the same
before me Chas. Coes Court Clerk
Received for record July 5th 1892 at 1 oclock P.M. and recorded by
C. Coes Court Clerk
[Vertical margin text]:
Westerly town book—Westerly page 147. No. 1895
Memorandum of payment of purchase money of said Joseph Stanton to said Savings Bank of Westerly July 13th 1848.
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