The instrument's own words
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120 Know all men by these presents, That I Oliver D. Clarke of
Charlestown in the State of Rhode Island, in consideration of the sum
of twenty five hundred dollars to be 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 described delineated & bounded as follows (viz)
Northerly by, land of George & Moses Benedict and land of
Samuel Stanton Westerly by, land of Samuel Bennett southerly
by, Salt Pond, Westerly by, land of Samuel B. Norris
I do give and hold the said granted and bargained premises
with the Privileges and appurtenances thereto 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 all lawful claims and demands
of all persons. And I Anna B. Clarke wife of the said
Oliver, in consideration of the sum paid as aforesaid do hereby
release and forever quit claim to the said Savings Bank, their
Successors and assigns all my right of Dower in and to the
aforegranted premises.
The consideration of this deed is such, that whereas the said
Oliver D. Clarke has executed his negotiable promissory note,
bearing upon date horno-warrants, and made payable to the said
Savings Bank or order six months after the date for the sum of
Twenty five hundred dollars, which note is contemplated to
renew from time to time, either for the whole amount of the same
or for a part thereof.
Now therefore I the said Oliver D. Clarke
or any other person for me shall pay said note and all
renewals of the same at maturity, according to the terms thereof, then
this deed shall be void, otherwise shall remain in full force.
Furthermore I the said Oliver D. Clarke do hereby appoint
Simons S. Perry, Treasurer of said Savings Bank, or his successor in
said office, my Attorney irrevocable with full power of substitution and
approvations to sell at public auction the said premises of any
time after said note or notes shall become due and unpaid writing
for the space of ten days first giving notice thereof for at least
three weeks in some public newspaper published in the town
of Westerly April upon such sale shall in my name or in his
name execute good and sufficient deed or deeds of said
premises, with the usual covenants of Warranty so as to suit
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in the purchaser or purchasers, an estate in fee simple in the premises
and may collect and secure the purchase money, and after paying all
costs and expenses of such sale, and all other money due from one
to said Savings Bank to pay the residue to me or my heirs and assigns;
hereby ratifying all things which may be legally done by me
said Attorney, for the purpose aforesaid.
Furthermore, I the said [illegible] do hereby covenant that the
said Savings Bank shall insure against loss by fire for all shall be
felt and maintained upon the buildings on the premises aforesaid
at such office or offices as shall be approved by them, in a sum not
less than five thousand dollars, and that 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 hereto; and in default hereof do hereby agree that the
said Savings Bank may effect such insurance, and the premiums
or premiums paid thereon shall be a further lien upon said
Estate.
In Testimony whereof we have hereunto set our hands
and Seals this twenty fifth day of February in the year of our Lord
one thousand eight hundred and seventy four.
Signed Sealed and delivered
in presence of
Wm. P. Perry
Oliver D. Clarke L.S.
Anna B. H. Clarke L.S.
State of Rhode Island and
Providence Sc. I Wm. Perry Notary Public do hereby certify that on this twenty fifth day of February
1874 Oliver D. Clarke and Anna B. H. Clarke his wife
personally appeared before me and acknowledged that the within
instrument by them signed to be their free and voluntary
act and deed.
Wm. P. Perry
Notary Public
Received for Registry Feb. 6th 1874
at 8 o'clock P.M. and Recorded
by Charles Cross Town Clerk
Westerly September 1st 1869
Having received payment in full of the debt secured by this
Mortgage, the same is hereby discharged
In presence of
Owen Perry Jr.
Westerly Savings Bank
by G. T. Perry Treasurer L.S.
The above discharge recorded Nov 25th 1879
Witness Charles Cross Town Clerk
The page as recorded
