6/20/1957 · MORTGAGE · book 36 page 27 doc 5356@36/27

27 STATUTORY FORM OF MORTGAGE I, Anne C. Grainger, of the Village of Pawcatuck, Town of Stonington, County of New London and State of Connecticut, for consideration paid, grant to The Stonington Savings and Loan Association, Incorporated, a corporation organized by and under the laws of the State of Connecticut, and having its principal place of business and being located in the Town of Stonington, County of New London and State of Connecticut, with MORTGAGE COVENANTS To secure the payment of Five Thousand ($5,000.00) Dollars, with interest at five and one-half (5 1/2) per centum per annum, said principal and interest to be paid in equal monthly installments of Fifty-four and 27/100 ($54.27) Dollars each, as provided in a certain negotiable promissory note of even date herewith, which note, with all provisions therein contained, is hereby a part of this mortgage. That certain lot or parcel of land with all buildings and improvements thereon, situated in the Town of Charlestown, County of Washington, State of Rhode Island, known and delineated as Lot Number Nineteen (19) on that Plat entitled "Section No. 1, SHOD HARSON in Charlestown, R. I., Belonging to Everett Grainger & Sydney Conn. Cliff Road, P. District", dated June 17, 1936, said Plat being recorded June 17, 1936, said Plat being filed in the Records of Land Evidence, said Town of Charlestown, in Plat Book No. 2. Being the same premises conveyed to the Mortgagor by deed of R. Scott P. Scott et ux, dated February 1, 1957, recorded in the Charlestown Land Evidence Book 35, page 607, and subject to the restrictions, conditions and privileges therein contained. This is a construction loan mortgage on buildings and improvements or premises in process of construction or repair, or to be erected or improved hereafter; and it is agreed that the loan shall be paid over to the Mortgagor in installments as the works progress, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on said discretion and work progresses, the time and amount of each advancement to be at the sole discretion of the Association, and the Association shall have the right to see that all the work or on 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