The instrument's own words
page 1
60 Know All men by these Presents, that we
Rufus B. Bullock and Marie E. Bullock his wife and in
their right, both of Atlanta in the County of Fulton and State
of Georgia hereinafter called the mortgagors in consideration of
Twenty five hundred Dollars to us paid by Kingston Savings
Bank, a corporation created by the General assembly of the
State of Rhode Island, located and doing business in state
of Rhode Island in the County of Washington in said last named State,
hereinafter called the mortgagee, the receipt whereof is hereby
acknowledged, do hereby give, grant bargain, sell and convey
unto the said mortgagee its successors and assigns forever,
a certain right or parcel of land situated in the town of Charlestown
in said County of Washington, bounded Northerly on the Post Road,
so called, Easterly on land now or late of John B. Browning,
Southerly partly on land of Benjamin B. Green and partly on
land formerly of George H. Ward, and Westerly on the hull
Brook so called, containing by estimation forty (40) acres more
or less with a dwelling house, barn and other buildings and
improvements thereon. Also other certain tract of
land situated in said Charlestown containing twenty five
acres more or less bounded Northerly by land formerly of
George H. Ward and Benjamin B. Green, Easterly on land
of said Green and Southerly and Westerly on the salt pond
however otherwise said tract of land may be bounded, being
the same premises formerly owned by said George H. Ward
and the same premises described in a mortgage given to
the Kingston Savings Bank by said George H. Ward bearing
date of June 6, 1871 and recorded in the Town Clerks Office in
said Charlestown in Book 282 page 282 of the records of
mortgages of real estate. [illegible] have to and to
hold the aforementioned premises, with all the privileges and
appurtenances thereto belonging, unto and to the use of
the said mortgagee its successors and assigns forever,
And we the said mortgagors, do hereby for ourselves and for our
heirs, executors and administrators, covenant with the
said mortgagee its successors and assigns that we are
lawfully seized in fee simple of the said granted premises
that the same are free from all encumbrances That we
have good right full power and lawful authority to sell
and convey the same in manner as aforesaid, That the
said mortgagee its successors and assigns shall by these
presents all times hereafter peaceably and quietly
have and enjoy the said premises and that the
said mortgagee will and our heirs, executors and
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administrator shall warrant and defend the same to the said
mortgagee its successors and assigns forever against the lawful
claims and demands of all persons
Provided, nevertheless, and this conveyance is made upon the express
condition, that if the said mortgagor or their heirs, executors, administrators
or assigns, shall pay unto the said mortgagee its successors or assigns
the sum of twenty five hundred (2500) dollars, whereas, the said mortgagor
have made their respective promissory note for said mortgage sum,
being seen date with these presents and made payable to the order
of said Kingston Savings Bank in one year from the date hereof
with interest thereon at the rate of six per centum per annum payable
semiannually in advance until said principal sum is paid,
whether before or after maturity and all installments of interest in
arrear whether before or after maturity, to bear interest at the
rate aforesaid until paid full, and shall also pay all taxes and other
assessments of every kind levied or assessed upon or respect
of said premises then this deed as also said promissory note shall
become null and absolutely void to all intents and purposes
whatsoever,
But if default shall be made in the
payment of the said promissory note or of said interest at the
time or times and in the manner aforesaid, or of the taxes or
assessments aforesaid, as the same became payable, or of any
of either of them, or of any part thereof or breach shall be made
of the covenants for insurance hereinafter contained then it
shall be lawful for the said mortgagee its successors or assigns
to sell, together or in parcels, all and singular the premises
hereby granted or intended to be granted or any part parts or parts
thereof and the benefit and equity of redemption of the
said Rufus B. Bullock and Marie E. Bullock and their heirs
executors, administrators and assigns thereof at public
auction upon the premises, and to bid for and become
the purchaser or purchasee at any such sale (and no other
purchaser or purchasee shall be answerable for the application
of the purchase money,) first giving notice of the time
and place of sale by publishing the same at least once each
week for three successive weeks in some public newspaper
published in said County of Washington Rhode Island with
power to adjourn such sale from time to time, provided
that the publishing of said notice shall be continued together
with a notice of the adjournment or adjournments, at least
once each week in the same newspaper, and in or
their own names or names as the attorney or attorneys of
the said Rufus B. Bullock and Marie E. Bullock (for
that purpose by these presents duly authorized and
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appointed with full power of substitution and revocation) to
make, execute and deliver to the purchaser or purchasers at
such sale agood and sufficient deed or deeds of said premises
in fee simple, and to receive the proceeds of such sale or sales
and from such proceeds to retain all sums hereby secured,
whether they are due or to fall due thereafter, or in part thereof their
remaining unpaid and also the interest due on the same,
together with all expenses incident to such sale or sales, or
for making said sale necessary, and for fees of counsel and attorney,
and all costs or expenses incurred in exercise of said powers,
and all taxes, assessments and premiums for insurance of said
any, whether the same paid by the said mortgagees its successors
or assignees, or their remaining unpaid, until said premises,
rendering and paying the surplus of said proceeds of sale if any
there be, over and above the amounts so to be retained as aforesaid,
together with a true and particular account of such sale or
sales, expenses and charges, to the said Rufus B. Bullock and
Marie E. Bullock their heirs, executors, administrators or
assigns, which sale or sales made as aforesaid shall forever
be a perpetual bar both in law and equity against the
said Rufus B. Bullock and Marie E. Bullock, their heirs,
executors, administrators and assigns, and all persons
claiming said premises as such, by, from or under them
or any of them. And we the said mortgagors for our-
selves and for our heirs, executors, administrators and
assigns, hereby covenant with the said mortgagees its
successors and assigns, that we and they will upon
request execute such deed or deeds confirmatory of said
title or sales as may be required.
And furthermore, we the said mortgagors, for ourselves and
for our heirs, executors, administrators and assigns, hereby
covenant with the said mortgagees its successors and assigns,
that insurance against loss by fire shall be kept and
maintained on the buildings on the premises aforesaid in
such office or offices as the said mortgagees and its successors
or assigns, shall approve, in a sum not less than twenty
five thousand dollars, and that the policy or policies of such
insurance shall be assigned and transferred, or made payable
in case of loss to the said mortgagees its successors and assigns
as collateral security hereto, and in default thereof, hereby
agree that the said mortgagees its successors or assigns, may
effect such insurance in the name of the said mortgagors
and their heirs and assigns payable in case of loss to
the said mortgagees its successors and assigns, and that
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the premium or premiums paid therefor shall be a further charge upon
said granted premises recounted by these presents.
Or witness whereof, we have hereunto set our hands and
seals this seventeenth day of October in the year of our Lord one
thousand eight hundred and ninety nine,
Signed and sealed in presence of
Jonathan B. Lewis
H. J. Cushing
Revenue Stamps
75c
State of Rhode Island ss
County of Washington ss
On South Kingstown on the seventeenth day
of October A.D. 1899 before me personally appeared Rufus B.
Bullock and Fannie E. Bullock his wife each to me known,
and known by me to be the parties executing the foregoing
instrument and severally acknowledged said instrument by
them executed, to be their free act and deed,
Jonathan B. Lewis
Notary Public
Received for record Oct 18 1899 at 11 oclock A.M.
and recorded by George Blows from clerk
We the undersigned having received full payment
and satisfaction of the within mortgage recorded in
the records of land evidenced in the Town of Charlestown
in the State of Rhode Island in Book Annibley 4 at
page 60 v. we hereby cancel and discharge the same,
And we covenant to and with the person making
said payment that we are the present owners of
said mortgage. Or witness whereof
we have hereunto set our hand and seal this
12 day of September A.D. 1904
Kingstown Savings Bank
M. F. Perry Treas L.S.
The page as recorded
