6/14/1958 · DEED · book 36 page 307 doc 5674@36/307

307 Being a portion of the premises described in "SECOND PARCEL," of deed of Sam Ferretti to Sam Ferretti and Margaret I. Ferretti; said deed bearing date of February 20th, 1952 and recorded in the Records of Land Evidence, said Town of Charlestown, Book No. 33 at Pages 14 and 15. this 12th day of June, 1958. WITNESS our hands this 12th day of June, 1958. SAM FERRETTI MARGARET I. FERRETTI No Internal Revenue Stamps required. STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Charlestown, on the 12th day of June, 1958, before me personally appeared Sam Ferretti and Margaret I. Ferretti, husband and wife, both 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. LINTON L. BROWN Notary Public Received for record June 14th, A. D. 1958 at 9:35 o'clock, a. m., and recorded by [signature] Town Clerk ---- KNOW ALL MEN BY THESE PRESENTS, that I, PHYLLIS T. BROWN, of the Town of Charlestown, County of Washington, State of Rhode Island, for consideration paid, grant to SAM FERRETTI and MARGARET I. FERRETTI, husband and wife, both of the Town of Westerly, County of Washington and State of Rhode Island and, ANTONIO FERRETTI, of the Town of New Warwick, County of Kent, State of Rhode Island, as Joint Tenants and not Tenants in Common, meaning to the survivor, with WARRANTY COVENANTS That certain lot or tract of land, together with the buildings and improvements thereon, situated in the Town of Charlestown, County of Washington, State of Rhode Island, bounded and described as follows: Lot Number 538 (five hundred thirty-eight) whole and delineated on that certain map or plat entitled "Map of Beach at Quonochontaug, R. I. Property of S. Ferretti, et al.", filed in the Town Clerk's Office, said Town of Charlestown in Plat Book No. 1 at Page 30. Said Lot Number 538 is more fully described as follows: Beginning at a point found set boul on the ground in the southerly boundary line of Lot 537 as formerly of record; bounded easterly by the southerly boundary line of Lot 536 and the north by the westerly corner of the premises herein conveyed easterly; thence running generally easterly bounded northerly by premises of Lot 536 and northerly a distance of 112.54 feet to a drill hole in a rock marking the northeasterly corner of the premises here conveyed then running generally southeasterly bounded easterly by Beach Road, a distance of those running generally northeasterly bounded easterly by said East Beach Road, a distance of 40.37 feet, or more or less, to a stake in the ground, bounded easterly by said East Beach Road, a distance of 75.94 generally southerly bounded easterly by said East Beach Road, a distance of 75.94 feet to the northeasterly corner of Lot 539 as shown on said plat, a distance of 111.95 feet, running westerly bounded southerly partly by Lot No. 530 and partly by Lot No. 528 as shown on said plat, a distance of 111.95 feet, easterly bounded southerly by said Lot No. 528, a distance of 59.32 feet running northerly bounded westerly, bounded westerly by said Lot No. 528, a distance of 59.32 feet to the point and place of beginning, or otherwise known and described as Lot 538. Being the same premises conveyed by deed of Sam Ferretti and Margaret I. Ferretti to this grantor bearing eyen date with these presents and recorded in the Records of Land Evidence, said Town of Charlestown, in Book No. 36 at Pages 306 and 307. I, Phyllis T. Brown, covenant that I am the WITNESS my hand this 12th day of June, 1958. PHYLLIS T. BROWN No Internal Revenue Stamps required.

308 STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Charlestown, on the 12th day of June, 1958, before me personally appeared Phyllis T. Brown, to me known and known by me to be the party executing the foregoing instrument, and she acknowledged said instrument, by her executed, to be her free act and deed. LINTON L. BROWN Rotary Public. Received for record June 14th, A. D. 1958 at 9:40 o'clock, a. m., a. m., and recorded by [Signature] Town Clerk ---- ADDITIONAL COVENANTS OF OLD COLONY MORTGAGES The undersigned hereby jointly and severally covenant and to make and to with Old Colony Co-operative Bank the following terms, covenants and agreements, which are the "additional terms, covenants and agreements" referred to and incorporated by reference in that certain Mortgage dated June 12, 1958, executed by the undersigned as Mortgagor(s) and whereas said Old Colony Co-operative Bank is named as "Mortgagee" herein: 1. To pay all Indebtedness secured by said Mortgage Deed as provided therein and in the promissory note thereunto secured and to pay all taxes, assessments, respectively because due and payable all mortgages held by Mortgagee upon the mortgaged property or any portion thereof, and before after accrual of interest, penalties, assessments, insurance premiums, water rates, and other charges of every nature assessed, levied or imposed upon or in respect of the mortgaged property, or any portion thereof, in whole or in part, as a lien upon the property or subject to whom or Mortgage in respect of said mortgage or mortgage indebtedness, whether under statutes now in force or hereafter enacted, and all insurance premiums, and all other expenses secured by said Mortgage Deed as therein and in this instrument provided. 2. To maintain such insurance on said property against loss by fire and other hazards as shall be required by Mortgagee from time to time, and in such amount and on such basis, or in no event less than the aggregate of the original principal amount and the interest thereon, as Mortgagee in its sole discretion shall determine to be sufficient as security, nor less than the amount necessary to prevent the impairment of the co-insurance clause(s) and in such form and in such amount and with such companies as may be satisfactory to Mortgagee and the undersigned hereby authorized to effect such insurance through agents such brokers or as may select, and to make all insurance payments, and to pay all premiums, and to execute any and all documents, and to deliver to the polished deliveries those Mortgagor to mortgagees; hereby appointing Mortgagee to be the true and lawful attorney in fact for the undersigned, and in the name of the undersigned, and in the name and style of Mortgagee(s), but in the uncontrolled pressure of dissociation attorney to, demand, sign, set under any policy of insurance, to give discharging Receipts for sums received in settlement of such losses, and to receive any and all checks or other instruments of payment for any uninsured premium of or division on any conveyed the insurance, in whole or in part, as an option of the indebtedness secured by said Mortgage Deed, and in accordance with the provisions of said Mortgage Deed or of this instrument, or upon the cost of replacing or restoring the damaged property. 3. To keep said property in good repair and not to cause or permit waste, major alteration, demolition or removal of any part thereof without the prior written consent of Mortgagee, and to permit Mortgagee and its agents, successors and assigns, to enter upon the property at all reasonable times to view and inspect the same; and, if Mortgagee(s) shall fail to keep said property in good repair, the Mortgagee(s) shall have the right, in its sole discretion, to do so at the cost and expense of Mortgagee(s). 4. That Mortgagee may pay any taxes, assessments, water rates, sewer rates, insurance premiums, expenses of repair and any other sums secured by said mortgage Deed and not paid by Mortgagor(s) when due, that all such sums so paid by Mortgagee shall be paid therefore shall, unless otherwise agreed in writing, be repaid immediately upon demand by Mortgagee(s) and that until such sums shall be paid, the Mortgagee(s) and the sums so expended by Mortgagee(s) shall bear interest at the same rate as said indebtedness and together, with such interest, be due a further lien upon the mortgaged property. 5. That the STATUTORY POWER OF SALE incorporated by reference into said Mortgage Deed shall be and hereby changed, amended and supplemented to read as follows: "BUT IF DEFAULT shall be made in the payments, according to its tenor, of the promissory note of this mortgage, or in the payment of any taxes, or any installment thereof, or in any default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument thereof, and if such default shall continue for the period specified in said instrument