The instrument's own words
page 1
253
KNOW ALL MEN by THESE PRESENTS: That We, LLOYD L. BREED and JUNE P. BREED, husband
and wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration
of Two Thousand Seven Hundred & 00/100 ($2,700,000) Dollars, to us paid by INDUSTRIAL NATIONAL
BANK of Providence, a national banking association organized and existing under the laws of
the United States of America, with its principal place of business in the City and County of
Providence in the State of Rhode Island, hereinafter called the "mortgagee," the receipt whereof
= is hereby acknowledged, do hereby grant to the mortgagees, its successors and assigns forever,
with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain
promissory note of even date herewith and bearing the serial number herebelow, the following:
A certain tract or parcel of land, with the buildings and improvements
thereon situated in the Town of Charlestown, County of Washington State of
Rhode Island, bounded and described as follows:
BEGINNING at a stone bound set in the ground but at the southerly cornerway of some
of the probate survey cornerway of the northwesterly corner of the northeasterly corner of miles
Howard N. Knudsen and ex trustee running westerly, bounded southerly by said
Knudsen land, until it intersects the center line of a road, on indicating the
entrance running northeasterly, bounded westerly by said Highway, a distance
of 300 feet; thence turning and running northerly, bounded northerly by said
Leon W. Primrose and ex trustee, and maintaining a distance of 300 feet
distant from and parallel to the southerly line of the premises herein conveyed,
to a point early few feet from the intersection of the westerly boundary line of
"Pasquitte Island Trail," so named and called; thence turning and running southerly, in
a straight line, to the point of beginning; bounding or however otherwise the
same may be bound or described.
EXCEPTING from the above described premises, that certain corner to Henry B. Henry
by deed dated September 14th day of 1954, recorded in Book 34, page 278 of the
Land Evidence Records of said Town of Charlestown.
This Mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE;
provided, however, that until such default occurs and Foreclosure sale may be made alternatively
in a public marketplace published in the City of Providence, and that a foreclosure sale may
hold upon the premises or elsewhere at the option of the mortgagee upon due notice.
This mortgage is made subject to the statutory covenants and agreements contained in the
STATUTORY OF COVENANTS AND AGREEMENTS, a copy thereof having this day been received by the
mortgagors, the receipt whereof is hereby acknowledged, the search acts of said covenants and agreements are
in safe Custody of the mortgagors. The mortgagors do hereby covenant and agreements are
hereby reference made part of this mortgage, and if default shall be made in the performance
or observance of any of the covenants, the mortgagee shall be entitled for the mortgage to sell the above described
premises pursuant to said STATUTORY POWER OF SALE.
And for the consideration aforesaid, we, said mortgagors, release to the mortgagee all
right of (power)(dower)(curtesy) and all other rights, statutory or otherwise, in the aforesaid described
premises.
IN WITNESS WHEREOF, the parties have executed this present on the 3rd day of February,
1956.
Executed in presence of
Thomas Sutcliffe
LLOYD L. BREED
JUNE P. BREED
INDIVIDUAL ACKNOWLEDGMENT
STATE OF RHODE ISLAND
County of Washington
In Westerly on the 3rd day of February, 1956 before me personally appeared the above named
Lloyd L. Breed and June P. Breed and known by me to be the parties executing the
foregoing Instrument and acknowledged said instrument by them executed to be their free act
and deed.
HERBERT E. COOKE
Notary Public
Received for record February 4th, A. D. 1956 at 10:10 o'clock, a. m., and recorded by
Town Clerk
INDUSTRIAL NATIONAL BANK of Providence, having received full payment and satisfaction of the
within mortgage, recorded in the Land Evidence Records in the Town of Charlestown in Mortgage
Book 35 at page 107, dated February 3rd, 1956, INDUSTRIAL NATIONAL BANK of Providence Company
has caused these Presents to be signed and its Corporate Seal to be hereunto affixed by its proper
officers duly authorized, this 14th day of September A. D. 1956.
Signed and Sealed in presence of
Ethel B. Sidebottom
INDUSTRIAL NATIONAL BANK
of Providence (Corporate Seal)
Hiram Kendall, Manager
Fred Rayner, Asst. Manager
Received for record September 15th, A. D. 1956 at 3:10 o'clock, a. m., and recorded by
Town Clerk
The page as recorded
