The instrument's own words
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insurance premiums and expenses of repairs, either therefore paid by the said mortgagees or
then remaining unpaid, rendering and paying the same with a reasonable sufficient purchase money, and if any there
be remaining after the amount of the mortgage and interest be discharged, to be retained as a true and particular
account of such sale or sales, expenses and charges, to be paid to the said mortgagees, their heirs,
executors, administrators and assigns, and all persons claiming said premises to be sold, by from
unruly [?] any of the said mortgagees.
And the said mortgagees, for themselves, and for their heirs, executors, administrators
and assigns, hereby covenant with the said mortgagees, and its successors and assigns, that they
will use the said premises in a manner that will not decrease in value said premises or sale or salvage value there-
essery or advisable.
AND FURTHERMORE, the said mortgagees, for themselves, and for their heirs, executors,
administrators and assigns, for the consideration aforesaid and to further increase the security of
this mortgage, do hereby covenant and agree to and with the said mortgagees, and its successors
and assigns, as follows:
1. To pay all indebtedness hereby secured in accordance with the tenor of said note,
all taxes and assessments of every nature levied or assessed, levied upon said premises
of upon the mortgagees, and in the event of default in respect to this covenant, the
mortgage indebtedness, whether under statutes now in force or that may be hereafter,
enacted, shall become immediately due and payable with said premises, and all water
rates and other expenses hereby secured as herein provided.
2. To keep and maintain in insurance against loss by fire the buildings upon said premises
payable, in case of a loss or loss of said mortgagees, its successors and assigns, in a sum
not less than the amount of the mortgage debt ($9000.00 Dollars), and not less than
the amount necessary to prevent the operation of covenants foreclosure clauses, and in such
form as shall be satisfactory to the said mortgagees, its successors and assigns, and to
authorize the said mortgagees, its successors and assigns, to effect such insurance through
such agents as they may deem proper, and the premiums therefor effected such insurance
by the mortgagees, or their heirs, executors, administrators and assigns, whether or not
recorded by them, shall be a lien upon said premises, with said mortgagees, its successors
and assigns; whereby the said mortgagees, its successors and assigns, may at their option,
the policies referred to be delivered to WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, or its successors, their
true and lawful attorney in fact, to act for them and in their name, place and stead, and in
the uncontrolled discretion of said attorney to stand, adjust, demo, adjure, for compromise,
and conclude any and all claims for loss, and to receive any such insurance, and to issue dis-
charging receipts for any and all sums received in settlement of such losses, to re-im-
burse himself therefore with all expense (including reasonable attorneys fees) incurred in
such adjustment and settlement, and the amount so reimbursed therefore to said mort-
gagee, its successors or assigns, who shall apply the same and any unearned premium
or any unused insurance policy, to the payment of the principal and interest of any
of subsequent lien upon said premises, at its option or their election in whole or in
part, using and satisfying the same, and the cost of such insurance, and any deficiency
due, or in reimbursement of advances for taxes, assessments or insurance premiums
once, or the cost of recording and registration of said insurance premiums, once or
mortgage, its successors and assigns.
3. To maintain all buildings upon said premises in good repair, and not to cause or
permit waste, or demolition or removal without first obtaining the written consent of
the mortgagee, its successors and assigns.
4. That all amounts advanced by the mortgagees, its successors and assigns, for the
payment of taxes, assessments, water rates or insurance premiums shall be repaid
upon demand, and until repaid, shall bear interest at the same rate as principal indebtedness,
and when not so repaid shall bear interest at the same rate as said indebtedness, and
together with such interest, shall be a further lien upon the premises secured by these
present.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 24th day of April
A. D. one thousand nine hundred and forty seven.
Signed, Sealed and Delivered
in presence of
BETTY D. ADAMS
HENRY HARRIS
EDWARD J. PATNOAD (SEAL)
LILLIAN I. PATNOAD (SEAL)
STATE OF CONNECTICUT }
County of New London } Ss.
In Pawcatuck, on the 24th day of April, A. D. 1947, before me personally appeared
the above named EDWARD J. PATNOAD and LILLIAN I. PATNOAD, husband and wife, each and all to
me known by me to be the same persons being parties executing the foregoing instrument, and severally
acknowledged said instrument, by them executed, to be their free act and deed.
HENRY HARRIS
Notary Public.
Received for record April 25th, A. D. 1947 at 9:10 o'clock, a. m., and recorded by
[Seal]
Town Clerk
THE WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, having received full payment of all sums due
on this Mortgage deed hereunto set and discharge the same. In testimony whereof, said Associa-
tion has caused its corporate seal to be hereto affixed and the signature of the Treasurer thereof duly
authorized, this 21st day of February 1957.
WESTERLY SAVINGS FUND AND LOAN ASSOCIATION (L. S.)
By John Findlay, Treasurer
In presence of
Henry Harris
Received for record February 23rd, A. D. 1957 at 11 o'clock, a. m., and recorded by
[Seal]
Town Clerk
The page as recorded
