11/5/1955 · MORTGAGE · book 35 page 167 doc 4757@35/167

167 KNOW ALL MEN BY THESE PRESENTS: That We, DONALD R. HALL and PATRICIA A. HALL, husband and wife, of Westerly, Rhode Island, hereinafter called the "mortgagors," in consideration of Seven Thousand & 00/100 ($7,000.00) 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 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 hereof, the following: That certain tract or parcel of land, together with the buildings and other improvements thereon, situated in the Town of Charlestown, County of Washington and State of Rhode Island bonded, described and delineated as follows: BEGINNING at a point on the westerly shore of the Pawcatuck River at the southeasterly corner of the hereby described tract of land; thence northerly to the northeasterly corner of said premises of James Martin; thence northerly following the southerly bank of said River a distance of 300 feet, more or less; thence southerly following said southerly bank of River a distance of 300 feet, more or less; thence bounding northerly by said Rizenman of the same district a distance of 600 feet, more or less, to a stone bound set in the ground; thence southerly a distance of 600 feet, more or less, to another stone bound set in the ground; thence continuing in a straight line to another stone bound being 600 feet south end by a distance of 300 feet, more or less, to a stone bound set in the ground at the southeasterly corner of said premises of James Martin; thence northerly a distance of 300 feet, more or less, to another stone bound set in the ground at land of said Martin; thence bounding southerly by said River a distance of 300 feet, more or less, bounding southerly by said Martin land, a distance of 347 feet, more or less, to the point and place of beginning. Being the same premises conveyed to the mortgagors by deed of Alexine W. Pennell, dated November 18, 1953 and recorded in Book 33 at page 62 of the Charlestown Land Evidence Records TOGETHER with all the rights and subject to all the reservations mentioned therein. This Mortgage is made upon the statutory CONDITION and subject to the STATUTORY POWER OF SALE; provided, however, that publication of notice of a foreclosure sale may be made alternatively in a public newspaper of the settlement area, and that a foreclosure sale may be made alternatively held upon the premises or elsewhere at the option of the mortgagees, as specified in the notice of sale. This Mortgage is also made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS dated November 4, 1955, and signed by the mortgagors, the receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown Land Evidence Records together with this mortgage and agreed to be binding upon the mortgagors and grantees of this mortgage, and if default shall be made in the performance or observance of any of the same, it shall be law for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we, said mortgagors release to the mortgagees all right of (dower)(curtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the parties have executed these presents on the 4th day of November, 1955. Executed in presence of Thomas Sutcliffe DONALD R. HALL PATRICIA A. HALL INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 4th day of November, 1955 before me personally appeared DONALD R. HALL and PATRICIA A. HALL to me known 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 November 5th, A. D. 1955 at 10:21 o'clock, a. m., and recorded by [Signature] Town Clerk Industrial National Bank of Rhode Island having received full payment and satisfaction of the within mortgage, recorded in the Land Evidence Records in the Town of Charlestown, R.I. in Mortgage Book 35 at page 167 hereby cancel and discharge the same. IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be hereunto affixed by its Proper Officers and duly authorized, this 29th day of March A.D. 1966. Signed and sealed in presence of WITNESS: ALMA N. RHODES INDUSTRIAL NATIONAL BANK OF RHODE ISLAND (Corp. Seal) By C. Albert J. LINDSLER C. Albert J. Lindsler Manager Lillian C. Rae Lillian C. Rae Asst. Manager Received for record April 2nd A.D. 1966 at 9:15 o'clock, a.m., and recorded by [Signature] Deputy Town Clerk