11/6/1957 · RELEASE · book 35 page 166 doc 4756@35/166

166 KNOW ALL MEN BY THESE PRESENTS: That We, W. MONROE HOXSIE and ELIZABETH B. HOXSIE, husband and wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Three Thousand Five Hundred & 00/100 ($3,500.00) 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 mortgagee, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: A certain lot or parcel of land, with the buildings and other improvements thereon standing, situated on the south side of the State Highway known as the Post Road, in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: BEGINNING at a point in the southerly line of said State Highway at the northeasterly corner of the parcel herein described, said point being a point in the northeasterly corner of other land now or formerly owned by George Young, in a line running northeasterly or by the southerly line and with the southerly line of said State Highway a distance of 119 feet to an iron pin and thence running southerly 46 1/2 degrees west 45.00 plus or minus as shown on said Plat of State Roads, Plat #20, Sheet #5 filed 1925 in the office of the Town Clerk of Charlestown, Town of Charlestown, Rhode Island, turning an interior angle of 150 degrees and running in a southeasterly direction a distance of 200 feet to the State Line and running in an easterly direction a distance of 200 feet and returning to the State Line and running in a northerly direction a distance of 119 feet to a stake driven into the ground in the center thereof turning an interior angle of 135 degrees and running in a northeasterly direction through the center of a wall, a distance of 200 feet to the point and place of beginning. Bounded northerly, by said State Highway; easterly, by land of George Young and westerly by land of these mortgagors; or however otherwise the same may be bounded or described. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that the public notice of any such sale may be made by advertising the same in a public newspaper published in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere at the option of the Mortgagee, at a public auction. This mortgage is subject made to the usual statutory covenants and agreements containing a STATEMENT OF CONSIDERATION; a copy thereof having this day been received by the mortgagors, the receipt whereof is hereby acknowledged, the usual form of such statement to be recorded with Charlestown, Rhode Island, in Land Evidence Book 35, page 166. Said covenants and agreements are hereby by reference made part of this mortgage and, if default shall be made in the payment of any sum due hereunder, the Mortgagee may foreclose the mortgage on the premises or sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we, said mortgagors release to the mortgages all right of dowry(courtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the parties have executed these presents on the 3rd day of November, 1955. Executed in presence of Thomas Sutcliffe W. MONROE HOXSIE ELIZABETH B. HOXSIE INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON On this Tuesday the 3rd day of November, 1955, before me personally appeared the above named W. MONROE HOXSIE and ELIZABETH B. HOXSIE, to me known and known by me to be the parties executing the foregoing instrument and acknowledged said instrument by them to be executed to be their free act and deed. BARBARA L. BRIGGS Notary Public. Received for record November 5th, A. D. 1955 at 10:20 o'clock, a. m., and recorded by [signature] Town Clerk Industrial National Bank of Providence, having received full payment and satisfaction of the within mortgage, recorded in the Land Evidence Books in the Town of Charlestown in Book 35 at page 166 does hereby cancel and discharge the same. IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be annexed thereto affixed by its proper officers duly authorized, this 4th day of November A. D. 1957. INDUSTRIAL NATIONAL BANK of Providence (Corporate Seal) Signed and sealed in presence of Margaret A. Serra By Hiram Kendall, Manager Thomas Sutcliffe Asst. Manager Received for record November 6th, A. D. 1957 at 9:00 o'clock, a. m., and recorded by [signature] Town Clerk