4/18/1956 · MORTGAGE · book 35 page 284 doc 4883@35/284

284 KNOW ALL MEN BY THESE PRESENTS, that HENRY G. JACKSON, JR. and JEANNE P. JACKSON, husband and wife, both of the Town of Charlestown, County of Washington, in the State of Rhode Island, hereinafter called the mortgagors, in consideration of the sum of Two Thousand (2,000) Dollars, to be paid by PLANTATIONS BANK OF RHODE ISLAND, a Corporation organized and existing under the laws of the State of Rhode Island, with a place of business at Town of Westerly, hereinafter called the mortgagee, the receipt whereof is hereby acknowledged, do hereby grant, give, bargain, sell and convey unto the said mortgagee, and its successors and assigns forever, a certain lot, with a dwelling house and other improvements thereon, situated, to the easterly side on the Quonquutset East Beach Road, in the town of Charlestown, in said County, bounded and described as follows, to wit: Beginning at the southwesterly corner of the parcel hundred twenty eight (280) feet, more or less, on the northeasterly corner of the parcel herein described converted at a stone wall at other hand of Charlestown State Beach Rd., thence northerly along the said State Beach Road one (1) hundred (100) feet, more or less, to the northeasterly corner of the parcel herein conveyed thence at right angles in a line parallel with the parcel described four hundred eighty (480) feet, more or less, to the northeasterly corner of the parcel herein conveyed thence westerly at right angles from the first described course two hundred eighty eight (280) feet, more or less, to the northeasterly corner of the parcel herein conveyed thence southwesterly corner pointed on the easterly side of Quonquutset East Beach Road thence southerly along the easterly side of Quonquutset East Beach Road one hundred (100) feet, more or less, to the point and place of beginning. Said parcel is bounded north easterly by State Beach Road, southerly by lands of Donna B. Jackson and Quonquutset East Beach Road, southerly by lands of Donna B. Jackson and easterly by land now or formerly of Charlestown State Park, Inc. and now known as Lot 268 on plat 104, Town of Charlestown, R. I. owned by the Quony Realty Corporation, Scale one equals 80 feet, surveyed September 1936 by Leon I. Solland, R. E. Being the same premises conveyed to these mortgagors by deed of said Charlestown Estates Inc., dated April 10, 1950, and recorded in Charlestown Land Evidence Book 32 at p. 67, together with the rights and privileges and appurtenances therein mentioned. TO HAVE AND TO HOLD the aforementioned premises, with all the privileges and appurtenances thereto belonging, unto and to the use of the said mortgagee, and its successors and assigns, forever. AND they, the said mortgagors, do hereby, for themselves and for their heirs, executors, and administrators, covenant with the said mortgagee, its successors and assigns, that they are lawfully seized in fee simple of the said granted premises; that the same are free from all encumbrances except as above mentioned, that they have good right, full power and lawful authority to sell and convey the same in a manner as aforesaid; that the said mortgagee, and its successors and assigns, shall by these presents at all times hereafter peaceably and quietly have and enjoy the said premises, and that they, the said mortgagee, governors, and their heirs, executors, administrators, shall, warrant and defend the same to the said mortgagee, and its successors and assigns forever, against the lawful claims and demands of all persons. And for the consideration aforesaid said mortgagors, interchangeably in the estates of each other, do hereby release all their rights of dower or courtesy and any or all other statutory rights which they may have in and to the said granted premises unto the said mortgagee, and its successors and assigns, forever. PROVIDED, NEVERTHELESS, that this conveyance is made upon the express condition, that if the said mortgagors, their heirs, executors, administrators or assigns, shall pay unto the said mortgagee or its successors or assigns, the sum of Two Thousand (2,000) Dollars, whereof the said mortgagors have made their negotiable promissory note, for said aggregate sum, bearing even date with these presents, and made payable to the ORDER of PLANTATIONS BANK OF RHODE ISLAND in installments, with interest, as provided in said note, and shall also pay all taxes and assessments of every kind levied or assessed upon or in respect of said premises, and any and all other indebtedness now due and owing from the Mortgagor(s) or which may become due and owing during the continuance of this Mortgage from the Mortgagor(s) to the said Plantations

285 Bank of Rhode Island whether any of said other indebtedness or advances are otherwise secured or not, then this deed, as also said promissory note, shall become and be absolutely void to all intents and purposes whatso ever. BUT IF DEFAULT shall be made in the payment of said note or of any installment or installments of said principal sum or of said interest at the time or times or in the manner required by said note or of the taxes aforesaid as the sums become payable, or of any or either of them or any part thereof, or if breach shall be made of the covenant for insurance or of any other covenant herein before contained, or if breach shall be made of any covenant or condition contained in any prior mortgage on said premises, or any part thereof, then it shall be lawful for the said mortgage, its successors or assigns, to sell together or in parcels, all and singular, the premises hereby granted or intended to be granted, or any part or parts thereof and, the benefit and equity of redemption of the said mortgagees and their heirs, executors, and administrators and assigns, therein, at public sale upon the premises, and to bid and become for the purchaser or purchasers at any such sale (and no other purchaser or purchasers shall be answerable for the application of the purchase money), first giving notice of the time and place of sale by publishing the same at least once each week for three successive weeks in any newspaper published or circulated in said Towns of Westerly or Charlestown with power to adjourn said sale from time to time, provided that the publishing of said notice shall be continued, together with a notice of the adjournment or adjournments, at least once each week in the same newspaper; in its or in their own name or as the attorney of the said mortgagees (for that purpose by these presents duly authorized and appointed with full power of substitution and revocation), to make, execute and deliver to the purchaser or purchasers at such sale a good and sufficient deed or deeds of said premises in fee simple, and to receive the proceeds of such sale or sales, and from such proceeds to retain all sums hereby secured, whether due then or to fall due thereafter, or the part thereof remaining unpaid, and also the interest hereby secured together with all expenses incident to such sale or sales for making deeds hereunder, and if for fees of counsel and attorneys, and all costs or expenses incurred in the exercise of such powers and all taxes, assessments and premiums for insurance, if any, either heretofore paid by the said mortgagees, its successors and assigns, or then remaining unpaid, upon said granted premises, and apply said proceeds in payment of said sums, rendering and paying the surplus of said proceeds of sale, if any there be, over and above the amounts so to be retained and applied as aforesaid, together with a true and particular account of such sale or sales, expenses and charges, to the said mortgagees, their heirs, executors account, administrators or assigns, which sale or sales made as aforesaid mortgagees, their heirs, executors, administrators and assigns, and all persons claiming said premises, so sold, by from or under them, or any of them are. AND the said mortgagors, for themselves and for their heirs, executors, administrators and assigns, hereby covenant with the said mortgagees, and its successors and assigns, that they will upon request execute such deed or deeds confirmatory of sale or sales as may be required; AND FURTHERMORE, the said mortgagors, for themselves and for their heirs, executors, administrators and assigns, hereby covenant with the said mortgagees, and its successors and assigns, that insurance against loss by fire shall be kept and maintained upon the buildings on the premises aforesaid, in such office or offices as the said mortgagees, and its successors and assigns shall approve, in a sum not less than Two Thousand (2,000) Dollars and that the policy or policies of such insurance shall be assigned and transferred, or made payable in case of loss, to the said mortgagees, or its successors or assigns, as collateral security hereto and, in default thereof, hereby agree that the said mortgagees, or its successors or assigns, may effect such insurance in the name of the said mortgagors, and their heirs, and assigns, payable in case of loss to the said mortgagees, and its successors or assigns, and that the premium or premiums paid therefor shall be a further charge upon said granted premises, secured by these Presents.

286 AND FURTHERMORE, the mortgagors, for themselves and for their heirs, executors, administrators and assigns, hereby covenant with the mortgagee, its successors and assigns, that in the event of the purchase by the said mortgagee of any prior mortgage on the premises, such sums as may be expended by said mortgagee its successors or assigns, in securing said prior mortgage in excess of the amount secured by said prior mortgage shall be secured by this mortgage. IN WITNESS WHEREOF, they have hereunto set their hands and seals this 11th day of April in the year of our Lord one Thousand nine hundred and fifty-nine six. Signed and Sealed in presence of: John W. Dunn. HENRY G. JACKSON, JR. (SEAL) JEANNE P. JACKSON (SEAL) STATE OF RHODE ISLAND, &c. County of Washington } In Town of Westerly on the 11th day of April, A. D. 1956 before me personally appeared Henry G. Jackson, Jr. and Jeanne P. Jackson, husband and wife, both to me known and by me known and by me to the parties executing the foregoing instrument, and they acknowledged said instrument by them executed, to be their free act and deed. JOHN W. DUNN Notary Public Received for record April 18th, A. D. 1956 at 3:35 o'clock, p. m., and recorded by Town Clerk [Signature] Town Clerk Received for record March 1st, A.D. 1962 at 3:55 o'clock p. m., and recorded by [Signature] KNOW ALL MEN BY THESE PRESENTS, THAT the Plantations Bank of Rhode Island does hereby release and discharge a certain mortgage from Henry G. Jackson and Jeanne P. Jackson, husband and wife, to the Plantations Bank of Rhode Island, dated 4/11/1956 and recorded in the Land Evidence Records of the Town of Charlestown, County of Washington, State of Rhode Island, in Book 35, Vol. at Page 284, to which reference may be had. IN WITNESS WHEREOF, said Plantations Bank of Rhode Island has caused these Presents to be signed and its Corporate Seal to be hereunto affixed by its Vice President and its Assistant Secretary duly authorized, this 13th day of February, 1962. Signed, Sealed and delivered in presence of: Pauline Lauter Pauline Lauter STATE OF RHODE ISLAND } County of Providence } Personally appeared Clark F. Richardson, Vice President, and Milton L. Henry, Assistant Secretary Signed, Sealed and Delivered the foregoing instrument, and they acknowledged the same to be their free act and deed the free act and deed and the free act and deed of said corporation some re. Providence, February 13, A. D. 1962 PLANTATIONS BANK OF RHODE ISLAND (Corporate Seal) By Clarke E. Richardson Its Vice President Milton L. Henry Its Assistant Secretary FRED DUO BENNO (Notarial Seal) Notary Public ******************* DISCHARGE OF MORTGAGE 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 284 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 hereunto affixed by its proper officers and duly authorized this 11th day of May A.D. 1961 Signed and sealed in presence of CAROLINE L. MCNULTY (seal affixed) INDUSTRIAL NATIONAL BANK of Providence By: LEROY G. WHITFORD, Manager HUDSON G. SCOTTGOOD, Asst. Mang. Received for record May 11th A.D. 1961 at 2:15 o'clock P.M. and recorded by [Signature] Deputy Town Clerk