11/13/1956 · MORTGAGE · book 35 page 535 doc 5169@35/535

535 KNOW ALL MEN BY THESE PRESENTS: That We, DAVID P. NORTHUP and BEVERLY H. NORTHUP, husband and wife, of Charlestown, Rhode Island state, hereinafter called the "mortgagors," in consideration of Eight Thousand Seven Hundred & 00/100 ($8,700.00) 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 herewith and bearing the serial number hereinbefore, the following: A certain lot or parcel of land or parcel of land, together with the buildings and other improvements thereon, situated in the Town of Charlestown, State of Rhode Island, in Washington County, Rhode Island, being known and identified as Lot Number 7 (Seven) on plat entitled, "Ocean View Subdivision, Charlestown, R.I., by Wm. A. Williams Civil Engineer," said plat being recorded in the Town Clerk's Office of the Town of Charlestown, and said plat is on record in the Town Clerk's Office of said Town of Charlestown in Plat Book 2, page 34 and 35. Said lot is bounded as follows: Northerly 100 feet by Lot Number 36, on said plat; easterly 189.92 feet, more or less, by Lot Number 6, on said plat; southerly 100 feet, more or less, by the Post Road; and westerly 189.92 feet, more or less, by the remainder of said plat. Being the same premises conveyed to these mortgagors by deed of Grace G. Davitt, dated April 4, 1953, recorded in the Charlestown Land Evidence Records; EXCEPTING the right of way to use Bluegrass Road and Pine Road for ingress and egress. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE, provided, however, that any request of notice of foreclosure sale may be made alternatively in a public newspaper published in the City of Providence, or a foreclosure sale may be conducted upon a public sale of the premises, at the request of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and conditions specified in the attached STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this day been given to the mortgagors and the mortgagee, and which covenants and agreements are incorporated herein by this reference and are on record in said Land Evidence Records of the Town of Charlestown, in Book 34, at page 40. Said covenants and agreements are hereby acknowledged to be a part of this mortgage, and in the performance or observance or non-observance 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 right of ownership (fee simple) and all other rights, statutory or otherwise in the aforementioned premises. IN WITNESS WHEREOF, the parties have executed these presents on the 9th day of November, 1956. Executed in presence of Thomas Sutcliffe DAVID P. NORTHUP BEVERLY H. NORTHUP INDIVIDUAL ACKNOWLEDGEMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 9th day of November, 1956, before me personally appeared the above named David P. Northup and Beverly H. Northup 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. ALMA W. RHODES Notary Public Received for record November 13th A. D. 1956 at 1:05 o'clock, P. M., and recorded by [Signature] Town Clerk ---- DISCHARGE of Mortgage INDUSTRIAL NATIONAL Bank of Rhode Island, having received full payment and satisfaction of certain mortgage made by David P. Northup and wife, Beverly H. Northup to Industrial National Bank of Providence Dated November 9, 1956 in the amount of Eight thousand seven hundred and no/100 Dollars and recorded in the Town of Charlestown in Mortgage Book No. 35, Page 535 does hereby cancel and discharge the same. And said Industrial National Bank of Rhode Island hereby covenant to and with the person making said payment that it is the present owner of said mortgage. IN TESTIMONY WHEREOF, Industrial National Bank of Rhode Island has caused its corporate name and seal to be hereunto affixed by its proper officer(s) Thereunto duly authorized this 14th day of Part [?]. INDUSTRIAL NATIONAL Bank of Rhode Island By JUNE P. McRILLIS (Corp Seal) Official Assistant Received for record April 18th A. D. 1975 at 3:35 o'clock, p.m., and recorded by [Signature] Town Clerk