10/4/1956 · MORTGAGE · book 35 page 496 doc 5118@35/496

496 KNOW ALL MEN BY THESE PRESENTS, That WE, John R. ALGIERE and EILEEN B. ALGIERE, husband and wife, of Charlestown, Rhode Island, hereinafter called "the mortgagors," in consideration of Six Thousand Five Hundred & 00/100 ($6,500.00) 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 mortgagee, its successors and assigns forever, WITH MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date heretofore and bearing the serial number hereof, the following: A certain lot or parcel of land with the buildings and improvements thereon situated in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: BEGINNING at a stone wall at the northeasterly corner of the premises herein conveyed, thence going thence and running in a northeasterly direction 275 feet, more or less, following the street lining de Courcey Street, or called, until it comes to the center of said street line, thence running south easterly a line 275 feet, more or less, to a stone wall line, thence running south easterly along said stone wall line, thence southerly along said Stone Hill Road 450 feet, more or less, to a point 50 feet north of a stone wall; thence running east 275 feet, more or less, to a stone wall; thence running with said stone wall a distance of 275 feet, more or less, until it meets another stone wall; thence following said last mentioned stone wall in a north easterly direction 450 feet, more or less, to the point of beginning; otherwise or however the same may be bounded and described. Being the same premises conveyed to the mortgagors by deed of the Sullivan Granite Company, dated August 5, 1946, recorded in Book 30, at page 110 of the Charlestown Land Evidence Records. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE: provided, however, that publication of notice of a foreclosure may be made alternatively in a public newspaper published in the City of Providence and such publication shall be deemed sufficient notice to the mortgagors, as specified in said notice, upon the premises or elsewhere. This mortgage is further subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this day been received by the mortgagors, the receipt thereof acknowledged, and recorded in Evidence Book 34, page 40. Said covenants and agreements are hereby made part of this mortgage by reference to the same, it shall be lawful for the mortgagee in the performance or nonperformance of any of the same, 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 rights of (down)curtesy) and all other rights, statutory or otherwise, in the aforesaid described premises. IN WITNESS WHEREOF, the parties have executed these presents on the 28th day of September, 1956. JOHN R. ALGIERE EILEEN B. ALGIERE Executed in presence of Thomas Sottilire INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 28th day of September 1856, before me personally appeared the above named John R. Algiere and Eileen B. Algiere, 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. BARBARA L. BRIGGS Notary Public Received for record October 4th, A. D. 1956 at 9:45 o'clock, a. m., and recorded by [?] Town Clerk DISCHARGE OF MORTGAGE 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 in Mortgage Book 35 at Page 496 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 Manager, duly authorized, this 24th day of September, A.D. 1971. By: INDUSTRIAL NATIONAL BANK OF RHODE ISLAND (CORPORATE SEAL) LILLIAN C. BAR Manager Signed and sealed in presence of PATRICIA M. CROMLEY Received for record February 22nd, A.D. 1977 at 1:15 o'clock P.M. and recorded by [?] Deputy Town Clerk