10/15/1877 · MORTGAGE · book 10 page 356 doc 4543

356 KNOW all men by these Presents That John Johnson of North Kingstown County of Washington in the State of Rhode Island in consideration of the sum of One hundred Hundred Dollars to me paid by the Ashaway Savings Bank of Ashaway in Rhode Island do grant sell and set to the said Savings Bank their successors and assigns three certain tracts or parcels of land situated in said North Kingstown with all the buildings and improvements thereon standing The first two tracts are those described in a certain indenture made and entered into by Abraham Eldred landscapes Harriet Larkin their being dated January 21 AD 1844 is recorded in Land Evidence of said North Kingstown Book 20 at page 13 reference being here made to said indenture for the bounds of said premises and the same are made a part of these presents The third lot or parcel is that some parcel which was conveyed to Harriet Larkin by deed from Silas Saunders bearing date February 20th AD 1844 is recorded in Land Evidence of said North Kingstown Book 20 at 25 page reference to said lot being here made for the bounds of said premises & the same are made a part of these presents And we do also hereby convey the marsh belonging & being in Charlestown legally State aforesaid & described in the said indenture hereby mentioned To have and to hold the said grant and bargained premises with privilege and appurtenances Thereof to the said Ashaway Savings Bank their successors and assigns forever and to hold the same conveyed with the said Savings Bank that the above granted premises are free from all manner incumbrance 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 Johnny Johnson prop[ri]etor of said premises in consid eration of the sum paid as aforesaid do hereby release clear and forever quitclaim to the said Savings Bank their successors land assigns all my right of Dowry in the aforesaid premises The condition of this Deed is such that whereas the said John Johnson has executed his negotiable Promissory note bearing even date herewith and made payable to the said Savings Bank or order six months after date for the sum of twelve hundred dollars which it is contemplated to renew from time to time either for the whole amount of the sum or if a part thereof Now Therefore if the said John Johnson or any other person for me shall pay said note and all renewal of the same at maturity according to the Tenor

thereof, then this Deed of trust shall be void, otherwise shall remain in full force. Furthermore, I the said John Johnson do hereby appoint Gen. R. Langworthy the Treasurer of said savings Bank, or his successor in said office, my Attorney irrevocably, with full power of substitution and of revocation, to sell at Public Auction the said premises, at any time after said Note or notes shall become due and remain unpaid for the space of ten days, past giving notice hereof for at least three weeks in some public news papers published in the County of Washington, where upon such sale shall, in my name or in his name, execute a good and sufficient Deed or Deeds of said premises, with the same of warranty so as to invest the Purchaser or purchasers an estate in fee simple in the premises, and may collect and receive the purchase money, and after paying all the costs and expenses of such sale, and all the money due from me to said Savings Bank, to pay the residue to me or my heirs and assigns hereby releasing solely in all things which may be legally done by paying all Money for the purpose aforesaid, Furthermore, I the said John Johnson do hereby covenant with the said Savings Bank, that Insurance against loss by fire shall be kept and maintained upon the Buildings on the Premises at such price or prices as be approved by them, 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 hereunto, and in default thereof hereby agree that the said savings Bank may effect such Insurance, and the premium or premiums paid therefore shall be a further lien upon said estate. In testimony whereof, we have hereunto set our hands and seals this fifteenth day of May in the year of my Lord One thousand Eight Hundred and Twenty six Signed sealed and delivered In the presence of John Johnson L.S. O. Langworthy John R. Langworthy Emily Johnson L.S. State of Rhode Island & Providence Plantations S.S. Before me and acknowledged the within Instrument by him signed to be his free and voluntary act and deed Edward J. Kendall Notary Public Recorded in Land Evidence of westerly Received for record Oct 18 1826 at the office Book 13 Page 357 Money Recd R. Langworthy Agent Recorded by Geo. C. G. [illegible] Sept 1st 1826