2/4/1956 · MORTGAGE · book 35 page 253 doc 4840@35/253

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 ($2,700.00) 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 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 the mortgagee 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 stone bound at the southerly cornerline of the poste boundary curve of the [?] boundary line at the northeasterly corner of premises of Howard N. Knudsen et ux; thence running westerly, bounded southerly by said premises of Howard N. Knudsen, on indicated boundary line, on indicated boundary line, thence northerly on indicated boundary line, thence northeasterly, bounded westerly by said Highway, a distance of 300 feet; thence turning and running southeasterly, bounded northerly by premises of Leon W. Primrose et ux, on indicated boundary line maintaining a distance of 300 feet distant from and parallel to the southerly line of the premises hereby mortgaged, to a point exactly few feet from the southerly boundary line of the westerly boundary line of "Pasquitte Trail", so-called; thence turning and running southerly on a straight line, to the stone bound at the beginning; or however else the same may be bound or described. EXCEPTING from the above described premises, that portion conveyed to Henry H. Theaker by deed dated September 14, 1935, recorded in Book 34, page 258 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 a default occurs under this mortgage and foreclosure sale may be advertised 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 time specified in such notice. This mortgage is made subject to the usual covenants of mortgages and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this day been received by the mortgagors, the receipt whereof is hereby acknowledged, the said terms of such covenants and agreements are in full force and effect and are hereby made a part of this mortgage, and all the said covenants 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 said covenants, it shall be lawful 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 mortgagee all right of (dowry)(curtesy) and all other rights, statutory or otherwise, in the aforesaid premises. IN WITNESS WHEREOF, the parties have executed these presents 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 to me known and 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 mortgage within this mortgage, recorded in the Land Evidence Records in the Town of Charlestown in Mortgage Book 35 at page 253 dated February 3, 1956, does hereby DISCHARGE the said mortgage. The Industrial National Bank 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. INDUSTRIAL NATIONAL BANK of Providence (Corporate Seal) Hiram Kendall, Manager Fred Mayer, Asst. Manager Signed and Sealed in presence of Ethel B. Sidebottom Received for record September 15th, A. D. 1956 at 10:00 o'clock, a. m., and recorded by [?] Town Clerk