8/29/1956 · MORTGAGE · book 35 page 456 doc 5073@35/456

456 MORTGAGE DEED We, FRANK CROMPTON and MARION E. CROMPTON, husband and wife, both formerly of the Town of Westerly, County of Washington and State of Rhode Island, now of the Town of Charlestown in said County and State, hereinafter called the mortgagors, for consideration paid, grant to THE WASHINGTON TRUST COMPANY, a corporation created by act of the General Assembly of the State of Rhode Island, located and having its principal office and place of business in the Town of Westerly, County of Washington and State of Rhode Island, hereinafter called the mortgagee, with the MORTGAGE COVENANTS, to secure the payment of Eleven thousand five hundred ($11,500.00) Dollars on demand after the date hereof, with interest thereon at the rates specified in a certain negotiable promissory note of the mortgagors, of given date herewith payable semi-annually in advance until said principal sum is paid in full, all as provided in said note, the following described land, together with all buildings and other improvements now or hereafter erected thereon, all the hereditaments, appurtenances and things thereunto belonging or on any wise now or hereafter appertaining, and together with and including as part of the realty, all heating and air-conditioning apparatus, plumbing, stoves, store doors and windows, gas, oil and electric fixtures, screens, screens door, awnings, and other fixtures of whatever kind on said premises or hereafter placed thereon prior to the full payment and discharge of this mortgage, situated in the Town of Charlestown, Rhode Island, on the north side of the new layout of the Post Road, and bounded and described as follows: Beginning at a point on the northerly line of the highway known as Post Road, said point being a bolt on the northerly line of said highway, bound thence running in a westerly direction along said highway line a distance of 155.85 feet to the southwest corner of these premises; thence turning an angle of 90 degrees and running northerly to the south zone line of the colony of these premises; thence turning 90 degrees running in a northeasterly direction a distance of 100.64 feet, more or less, to a point marked by an iron nail driven in the ground; thence turning an angle of 100 degrees running in a southeasterly direction a distance of 134.47 feet to a point on the corner of a 10" x 10" concrete wall; thence turning an angle of 115.57 feet to a point marked by an iron pipe driven in the ground; thence turning in a westerly direction a distance of 78.85 feet to a point and thence running in a southerly direction a distance of 100.00 feet to a point on the northerly line of the Post Road and marked by an iron pipe; and thence running in a southwesterly direction along said highway line a distance of 60' and running in a southeasterly direction along said highway line a distance of 177.10 feet to the point and place of beginning. Being the same and all the same premises conveyed to said Frank and Marion E. Crompton by Charles S. Brightman by a deed dated September 20, 1951 recorded in the Evidence Books of Charlestown, Rhode Island, in book 32, page 358 respectively, placed thereat by a fence extending westerly and referenced having a frontage of 100 feet on said new layout of the Post Road. Together with all of the fixtures and equipment located in the building on said building on said premises and used in connection with the business of said mortgagors, and including all additions thereto or replacements thereof, an itemized statement of which fixtures and equipment is attached hereto and marked "Exhibit A" and the same is made a part of these presents. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, that a foreclosure may be had upon the premises or elsewhere at the option of the mortgagee, as specified in the note this mortgage is to secure. This mortgage is made subject to those additional agreements and covenants contained in that instrument outlining the terms of the loan made by THE WASHINGTON TRUST COMPANY to the mortgagors hereby with the mortgagors, a copy of which has this day been delivered to the mortgagors, recorded in the land evidence records of Charlestown, in Land Evidence Book 33 page 369 and 370. Said agreements and covenants are by reference made part of this mortgage, and if default shall be made in any covenant or promise contained in any part of this mortgage, and if default shall be made in any covenant or promise contained in said loan agreement, it shall be lawful for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for and the consideration aforesaid, we, the said mortgagors, release to the mortgagee all our right, title and interest in said land and all other rights, statutory and otherwise, in the aforesaid described premises. WITNESS our hands this 28th day of August 1956. Executed in presence of Alfred C. Baker FRANK CROMPTON MARION E. CROMPTON STATE OF RHODE ISLAND County of Washington In the Town of Westerly on the 28th day of August 1956, before me personally appeared the above named FRANK CROMPTON and MARION E. CROMPTON, to me known and known by me to be the parties executed the foregoing instrument, and they acknowledged said instrument by them executed to be their free act and deed. ELEANOR R. HALL (Notarial Seal) Notary Public. Received for record August 29th, 1956 at 9:10 o'clock a.m., and recorded by [?]