The instrument's own words
page 1
175
we do authorize said attorney to receive the amount the same may be
sold for, and, after the payment of all the expenses incident to such sale or
sale, to apply and appropriate the residue thereof to the payment of the
amount of principal and interest of said note hereby secured, and we hereby
agreeing that in case of a sale for deficit in the payment of said
principal the payment of said note shall be deemed rec'd and payable
on the day of such sale as accounting to us or our heirs and assigns
for all sums over and above the amount thereof we hereby ratifying
and confirming such sale as may be made or caused to be
made by our said heir.
Furthermore we the said grantor for ourselves, and for our heirs,
executors, administrators and assigns, do hereby covenant with the
said grantee his heirs and assigns that whereas insurance against loss by fire
shall be kept and maintained upon the buildings on the premises
aforesaid, in a sum not less than two hundred fifty dollars and
that the policy or policies of such insurance shall be assigned and
transferred to the said grantee and assigns as collateral security
therefor and in default thereof we do hereby agree that the said grantee
or assigns may effect such insurance, and the premiums so paid upon
said premises shall be a further lien upon the said estate added to
the amount of said note and secured by these presents.
In testimony whereof we have hereunto set our hands and
seals this 6 day of May AD 1897.
Signed, sealed and delivered
In presence of
George L Coarse
Daniel L Babcock SS
Lohanne H Babcock & SS
State of Rhode Island
Washington SS
In Columbia town this 6th day of May 1897
Daniel L Babcock and Lohanne H Babcock to me known and
known by me to be the parties who executed the foregoing instrument
formally appeared before me and acknowledged the foregoing
instrument by their signs to be their free and voluntary act and deed
George L Coarse
Notary Public
Received for record February 12, 1897 at 9 o'clock P.M.
and recorded by George L Coarse Inn Clerk
September 18th 1907
Full satisfaction and payment having been received
for said mortgage the same is hereby discharged
Edmund R Greene
By Henry R Shuman Attorney
Recorded March 1913
By George L Coarse Town Clerk
The page as recorded
