3/31/1888 · MORTGAGE · book 11 page 511 doc 5079

State of Rhode Island Washington Ss On this twenty fifth day of April 1888 personally appeared the Mechanics Savings Bank by Thomas Vincent its Treasurer and the same time and place Mechanics Savings Bank by B. Foster its Treasurer and acknowledged the aforegoing instrument by them signed to be their free act and deed! Before me E.B. Rendellson Notary Public Received for record April 18th 1888 at 11 oclock A.M. and recorded by george a lewis Town Clerk To all People to whom these presents shall come I Idicron, L. Dummer of South Kingstown, county of Washington in the state of Rhode Island aforesaid called the grantor deed sending Know all, that I the said grantor for and in consideration of the sum of One hundred and fifty dollars to me in hands before the executing hereof well and truly paid by George W. Magee and Albert H. Magee copartners as Dr & Mrs Olea of said South Kingstown hereinafter called the grantees the receipt whereof I do hereby acknowledge and am therewith fully satisfied contracted and paid; and thereof and of every part and parcel thereof as separate as if and and discharge the said grantees their heirs executors and administrators forever by these presents have given granted bargained sold aliened enfeoffed conveyed and confirmed and thereby by these presents do fully binding and absolutely give grant bargain sell aliened enfeoff convey forever to the said grantees their heirs and assigns and coheirs with the said grantees their heirs and assigns forever certain tract of land situated in said South Kingstown containing twenty acres more or less with a dwelling house and other buildings thereon bounded as follows In the North to the highway on the East by the land of formerly of Thomas Regard on the South by the land now held in trust on the West by the land of Elizabeth Baker or however otherwise bounded to have and to hold the said granted and bargained premises with all the appurtenances privileges and commodities to the same belonging or in any wise appertaining to the said grantees their heirs and assigns forever to them and their only proper use benefit and behalf forever And I the said grantor for myself my heirs executors and administrators do covenant promise grant and to and with the said grantees their heirs and assigns that ut and before the executing hereof I was the true sole and lawful owner of the above described premises and was lawfully seized and possessed of the same in my own proper right a good perfect and absolute

estate of inheritance in fee simple; and have in myself good right full power and lawful authority to grant bargain sell convey and confirm the said bargained premises in a manner as aforesaid. And that the said grantees their heirs and assigns shall and may from time to time, and at all times forever have by force and virtue of these presents lawfully peaceably and quietly have, hold, use, occupy, possess and enjoy the said bargained and bargained premises with the appurtenances free and clear, and fully and clearly acquitted liberated and discharged of and from all and every manner of former or other gifts grants bargaining sales leases mortgages wills entails jointures dower judgments spears inds and encumbrances of what name or nature whatsoever, that might in any measure in degree obstruct or make void this present deed. Furthermore the said grantor for myself my heirs executors and administrators do covenant and engage the above demised premises to the said grantees their heirs and assigns against the lawful claims or demands of any person or persons whatsoever, forever to warrant secure and defend by these presents, The condition of this deed is such that whereas I the said [illegible] do acknowledge have executed my negotiable promissory note for the sum of one hundred and fifty dollars bearing with date herewith and made payable to the order of George M. and Robert H. Hopkins fie years from date, with interest at the rate of six per centum per annum payable semiannually till said principal sum is paid, whether all or a part maturely, and all installments of interest in arrear when either before or after maturity to bear interest at the rate aforesaid till paid. Now therefore if the said grantees or my heirs executors administrators or assigns or any other their person for me or for them shall pay said note at maturity together with the interest thereon according to the tenor thereof then this deed shall be void, otherwise shall be and remain in full force and effect. Furthermore, I the said grantor do hereby constitute and appoint the said grantees their executors administrators and assigns my Attorneys irrevocable, with full power of substitution and revocation for me and in my name or in their name or names, at any time, in case any default shall be made in the payment of my said note or of the promised interest due thereon, or a breach shall be made of the covenants of insurance hereinafter contained, and such default or a breach shall continue for the term of ten days after public notice the grantees dispose of and pay handfuls thereof they having after the expiration of said term of ten days given notice of such sale in some one of the public newspapers printed in this state, and in my name or in their name or names, to make, specify execute seal acknowledge and deliver to the purchaser or purchasers thereof any deed or deeds that

may be necessary to vest in such purchasers a full and absolute estate in fee simple therein, and on sale thereof granting unto my said Attorney power to continue or adjourn such sale from time to time) I do further say my said Attorney to receive the amount the same may be held for you and after the payment of all the expenses incident to such sale or sales to apply and appropriate the residue thereof to the payment of the amount of principal and interest of said note hereby secured (and hereby agreeing that in case of a sale for default in the payment of said principal or annual interest or for breach of such covenants of insurance, the principal of said note shall be deemed due and payable on the day of such sale) accounting to me or my heirs and assigns all sums over and above the amount thereof, hereby ratifying, approving and confirming such sale or sales as my said Attorney may effect or caused to be made by virtue hereof. Furthermore I the said grantor for myself and for my heirs, executors, administrators and assigns, do hereby covenant with the said grantee his heirs & assigns, that Insurance against loss by fire shall be kept and maintained from time to time on the buildings on the premises aforesaid in a sum not less than one hundred and fifty dollars, and that the policy or policies of such Insurance shall be assigned and transferred to the said grantee their heirs and assigns, as collateral security hereby, that in default thereof we do hereby agree that the said grantee their heirs or assigns may effect such Insurance, and premium or premiums paid thereon shall be a further lien upon the said estate added to the amount of said note and secured by these presents. In testimony whereof I have hereunto set my hand and seal this 21st day of March in the year of our Lord one thousand eight hundred and eighty eight. Signed, sealed and delivered in presence of George E. Coxes Gideon L. Simmons L.S. State of Rhode Island ss County of Washington ss On this 21st day of March 1888 Gideon L. Simmons personally appeared before me and acknowledged that foregoing instrument but him signed to be his free and voluntary act and deed. George E. Coxes Anthony Babbitt Notary Public Received for rend March 31 1888 at 4 oclock P.M. and recorded by George E. Coxes Law Clerk Having received full payment of the note secured by the within mortgage the principal and interest are hereby discharged the same null Witness my hand and seal this 19th day of May 1890 In presence of Jos M. Hopie L.S. Albert F. Hopie L.S.