11/13/1956 · MORTGAGE · book 35 page 533 doc 5166@35/533

533 We, FRANK MILLS and wife DEA MILLS, of Charlestown, Rhode Island, for consideration paid, grant to the NARRAGANSETT ELECTRIC EMPLOYEES' CREDIT UNION, a Rhode Island corporation, located in Providence, Rhode Island, with MORTGAGE CONVEYANCE, to secure the payment of Four Thousand and 00/100 Dollars ($4,000.00), with interest thereon, and to secure the payment of taxes and insurance premiums on the granted premises, principal, interest, taxes, and insurance being payable in monthly installments, all as provided in a promissory note of date herewith entered, and also to secure the performance and observance of all covenants and agreements herein contained, that real estate, together with all buildings and improvements now or hereafter erected thereon, and all plumbing, heating, lighting and other fixtures, equipment and articles now or hereafter attached thereto, situated in the Town of Charlestown, Rhode Island, and described as follows: Beginning at a point on the northerly line of the Old Post Road at a House Island Highway bound starting at Station 32+00, thence running westerly bounding south- easterly on said Old Post Road 140.04 feet; thence running northerly at an interior angle of 80° 56' with the last distance 135.11 feet to a stake; thence running south- easterly on said House Island Highway at an interior angle of 92° 25' 147.04 feet; thence running southerly at an interior angle of 80° 51' with the last distance 140.04 feet; thence running westerly bounding southerly on said Old Post Road 4.21 feet to the point of beginning, the premises containing one acre of land more or less, bounded boundedly, westerly, and easterly by land now or lately of W. Monroe Hozzle, Jr., et al Together with a right of way from the described premises to Charlestown Pond as set forth in Deed in Book 29 at page 536. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE, provided, however, that publication of notice of a foreclosure sale may be made alternatively 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, as specified in said notice. The mortgagors make the following additional covenants and agreements: That the mortgagors shall keep the mortgaged premises covered by insurance in sum both and in such company or companies as may be satisfactory to the mortgagee in an amount approved by the mortgagees; and including insurance against such casualties and contingencies as the mortgagee shall require. That all policies of insurance shall be made payable in case of loss to the mortgage shall require. That all policies of insurance shall be made payable in case of loss to the mortgage shall require. That the mortgagors shall keep all buildings upon the mortgaged premises in good repair, and shall not cause or permit waste, desolation or removal. That in the event that the title to the premises or any part of the mortgaged premises shall for any reason become clouded from the owner of the premises without the written consent of the mortgagee, then the mortgagees may, at its option, immediately declare the entire sum due and payable to the mortgagors may, at its option, immediately declare the entire sum due and payable to the mortgagees. Notice of the exercise of any option granted herein or, in the note secured hereby, is not required to be given. The covenants herein contained are binding, and the benefits and advantages shall inure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Wherever in the agreement herein contained the plural is used, the plural the plural the singular, and the use of any gender shall be applicable to all genders. And for the consideration aforesaid we, Frank Mills and wife Dea Mills, release to the mortgagee all our right of curtesy and dower and all other rights, statutory or otherwise, in the aforedescribed premises. WITNESS our hands this 7th day of November, 1956. FRANK MILLS DEA MILLS Z. Ashworth STATE OF RHODE ISLAND County of Washington In Charlestown, on the 7th day of November, 1956 before me personally appeared Frank Mills and Dea Mills, to me known and known by me to be the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed, to be their free act and deed. Z. ASHWORTH Notary Public Received for record November 13th, A. D. 1956 at 9:30 o'clock, A. M., and recorded by [Signature] Town Clerk (FOR DISCHARGE OF ABOVE MORTGAGE, SEE PAGE 534)