The instrument's own words
page 1
248
note and all revenue of the same at maturity according
to the tenor thereof then this deed shall be void; otherwise shall
remain in full force.
Furthermore the said
Rhodes T. Potter and Evelyn A Potter do hereby appoint the said
Savings Bank its successors and assigns their attorney irrevocable
with full power of substitution and of revocation to sell at public
auction the said premises, at any time after said Note or Notes
or the interest thereon shall become due and remain unpaid for
the space of ten days, first giving notice thereof for at least three
weeks in some public newspaper published in the town of
Providence, And upon such sale shall in their or in its name
execute good and sufficient deed or deeds of said premises with
the usual covenants of warranty so as to vest in the purchaser
or purchasers an estate in fee simple in the premises, and may
collect and secure the purchase money, and after
paying all costs and expenses of such sale, and all other
money due from them to said Savings Bank, to pay the
residue to them or their heirs and assigns, hereby ratifying
all things which may be legally done by their said Attorney
for the purpose aforesaid.
Furthermore the
said Rhodes T. Potter and Evelyn A Potter do hereby covenant
with the said Savings Bank that Insurance against loss
by fire shall be kept and maintained upon the buildings
on the premises aforesaid at such office or offices as shall
be approved by them, in a sum not less than three thousand
($3000) dollars and the premiums thereon duly paid and
the policy or policies of such insurance shall be assigned
and transferred to the said Savings Bank as collateral
security hereto, and in default thereof, do hereby agree
that the said Savings Bank may effect such Insurance
and the premium or premiums paid therefor shall be a
further lien upon said estate.
In testimony whereof we have hereunto set our hands
and seals this fifteenth day of August in the year of our
lord one thousand nine hundred and one
Signed, sealed and delivered
in presence of
Rhodes T. Potter L.S.
Evelyn A Potter L.S.
Having B. Agard
State of Rhode Island ss
Providence, S.S.
On this 15th day of August
1901 before me personally appeared Rhodes T. Potter and
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