5/16/1958 · MORTGAGE · book 36 page 285 doc 5648@36/285

285 KNOW ALL MEN BY THESE PRESENTS: That I, ROBERT H. HUTCHINS, of Charlestown, Rhode Island, hereinafter called the "mortgagor," in consideration of Five Thousand & 00/100 ($5,000.00) Dollars to me 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 mortgagees, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note by the mortgagor of even date heretofore and bearing the serial number below, the following: A certain tract of parcel of land, together with the buildings and other improvements thereon located, on the easterly side of the Quonocutonaug Beach Road, zon called, in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: COMMENCING at a concrete post set in the ground near the easterly edge of sand Quonocutonaug Beach Road at the southwesternly corner of the tract herein described at a point which is south 21 degrees 15 minutes west 125 feet, from a stone wall from which stone wall is the southeasterly boundary of land now or formerly owned by a point, thence running south 15 degrees 30 minutes west 150 feet, in a straight course bounded northerly by land of Vernon H. Hutchins et ux., in a distance of 304 feet more or less, to a concrete post set in the ground which is the southeasterly corner of land of Vernon H. Hutchins et ux., thence running in a general westerly direction in a straight course bounded easterly by said Hutchins in a distance of 303 feet, more or less, to a concrete post set in the ground, thence in a general westerly direction in a straight course, bounded southerly by land of Vernon H. Hutchins et ux. in a distance of 150 feet, more or less, thence running in a general northeasterly direction to a concrete post set in the ground near the easterly edge of said Quonocutonaug Beach Road to reach in a straight course bounded northerly by land of Vernon H. Hutchins and others, and then north along said road, thence in a straight course bounded westerly by the beach to a distance of 100 feet to the point and place of beginning. Being the same premises conveyed to the mortgagor by deed of Vernon H. Hutchins et ux. dated May 25th, 1951 and recorded in Book 31, page 453 of the Charlestown Land Evidence Records, being a part of Lot 10, Plat 1, bounded westerly by main line fences. 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 widely circulated newspaper published in the County of Providence. That the foreclosure sale may be held upon the premises or elsewhere at the option of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF CONDITIONS and AGREEMENTS, dated May 16th, 1958, which is made part of this mortgage receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown in Book 36, at page 285, and the parties hereto agree that the terms and conditions of said statement of conditions shall in default shall be made in the performance or observance of any of the same, and it shall be lawful for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER. And for the consideration aforesaid, I, Barbara Hutchins, wife of the mortgagor, release to the mortgagees all right of (dower) (curtesy) and all other rights statutory or otherwise, in the aforesaid premises. IN WITNESS WHEREOF, the parties have executed these presents on the 16th day of May, 1958. Executed in presence of Thomas Saltcliffe ROBERT H. HUTCHINS BARBARA HUTCHINS INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 16th day of May, 1958, before me personally appeared the above named Robert H. Hutchins and Barbara Hutchins to me known and by me known to be the parties executing the foregoing instrument and acknowledged said instrument by them executed to be their free act and deed. MARGARET A. SERRA Notary Public. Received for Record may 16th, A. D. 1958 at 10:22 o'clock, p. m., and recorded by [Seal] Town Clerk DISCHARGE OF MORTGAGE Industrial National Bank of Rhode Island having received full payment and satisfaction of the whole mortgage recorded in the (Land Evidence) (Real Estate Mortgage) Records in the Town of Charlestown in Mortgage Book 36 at page 285, does hereby cancel and discharge the same, and covenants to and with the person making said payment that it is the present owner of said mortgage. IN TESTIMONY WHEREOF, said Industrial National Bank of Providence has caused these presents to be signed and its corporate seal to be hereunto affixed by its proper officers or representatives thereto duly authorized, this 5th day of February A.D. 1976. INDUSTRIAL NATIONAL BANK of Rhode Island (Corporate Seal) By DONALD J. BERGERSON By Donald J. Bergerson, Official Assistant Received for record, February 23rd A.D. 1976 at 10:35 o'clock A.M. and recorded by