5/31/1902 · DEED · book 14 page 323 doc 5863

346 Know all men by these presents, that we, Thurman F. Eldredge of the town of Charlestown in the County of Washington and State of Rhode Island and Leander Eldredge of the town of Farmington in the County of Hartford State of Connecticut hereinafter called the mortgagors, in consideration of eight hundred $800 Dollars to us loaned by, and paid by Daniel Palmer of the town of North Kingstown in the County of Newington and Natt R. Rhode Island, hereinafter called the mortgagee, the receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey unto said mortgagee and his heirs and assigns forever a certain piece or parcel of land with the buildings and improvements thereon standing situated at Quonochontaug Beach, in the town of Preston County of Newington and known as assumed is referred to plat accompanying set out in southeast corner of said lot, thence running westerly bounded nearby by [illegible] running easterly bounded by Samuel Jessup, to the northwest corner of said lot, thence to the highway, thence running northerly on the highway to the northeast corner of said lot, thence running southerly bounded by [illegible] by Daniel Palmer to the first mentioned point, this land is East of the line of the land running on said Palmer from Thurman F. Eldredge a certain piece of land with the buildings and improvements thereon standing situated at Quonochontaug Beach in the Town of Preston, County and State as above mentioned, and bounded as follows, beginning at the southeast corner of said lot joining land of Daniel Palmer at the beach, thence running northerly on land of Palmer to land of most formerly known as Heere, thence running northerly bounded by [illegible] by land now or formerly of David Atlee 45 rts, thence east to land of Julian G. Beckham to the northeast corner of said lot at the beach, thence southerly bounded westerly on the premises to the first mentioned point, being the westerly half of a rectangle bought by Said Eldredge from Jona B. Brudden To have and to hold the aforegranted premises, with all the priviledges and appurtenances thereunto belonging unto and to the use of the said mortgagee, and his heirs and assigns forever until on the said mortgage, do hereby, for ourselves and for our heirs, executors and administrators, covenant with the said mortgagee and his heirs and assigns that we are lawfully seized in fee simple of the said granted premises, that the same are free from all incumbrances that we have good right full power and lawful authority to sell and convey the same in manner aforesaid that the said mortgage

and his heirs and assigns shall by these presents at all times hereafter hereby and quietly have and enjoy the said premises, and that we the said mortgagees will and our heirs, executors and administrators, shall, warrant and defend the same to the said mortgagor and his heirs and assigns forever against the lawful claims and demands of all persons. And for the consideration aforesaid G. Maude writes late of North Kingstown Rhode Island and my sister, wife of G. Maude hereby release all of our right of dower in and to the said granted premises unto the said mortgagees and his heirs and assigns forever. Provided however, that if the said mortgagor or his assigns more upon the premises conversion, that if the said mortgagor his heirs, successors, administrators or assigns, shall pay unto the said mortgagees or his successors, administrators or assigns the sum of six hundred dollars whereas the said mortgagor having made their negotiable promissory note for said sum, aggregate sum, bearing even date with these presents, and made payable to the owner of mortgage six months from the date hereof, sum with interest thereon at the rate of 6 per centum per annum, payable quarterly and annually until said principal sum is paid, whether at or after maturity, and all installments of interest in arrears, whether same or after maturity, to be paid interest at the rate aforesaid until paid and shall also pay any and all taxes and assessments of every kind levied or assessed upon him or in respect of said premises, then this deed, as also said promissory note, shall become and be absolutely void to all intents and purposes whatsoever. But if default shall be made in the payment of the said note, or of said interest, at the time or times and in the manner above or if the taxes or assessments aforesaid at the same become payable or if any excise of them, or of any part thereof, or of each shall be made of the covenant for maintenance hereafter contained, then I shall be lawful for the said mortgagee, his successors, administration or assigns, to sell, either as a piece, all and singular, the premises purely granted or intended to be granted, or any part or grants thereof and the benefit and security of redemption of the said mortgagor and their heirs, successors, administration and assigns therein as public auction upon the premises and it shall be for and become the purchase or purchases at any such sale, and in no other purchase or purchases shall be admissible 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 newspaper published in Eastly Rhode Island, with power to adjourn such sale from time to time, provided that the fulfillment of said notice shall be construed together

348 with a notice of the adjournment or adjournments, at least once each week in the same newspaper, and in his or her own name or names, or as the attorney or attorneys of the said mortgagee (for that purpose by these presents duly authorized and appointed with full power of substitution and revocation,) to make deeds and deeds to the purchasers or purchasers at such sale, a good 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 such costs as evenly incurred, whether then due or to fall due hereafter, or the part thereof then remaining unpaid, and also the interest then due on the same, together with all expenses incident to such sale or sales, or for making said deeds however, and for counsel and attorneys, and all costs or expenses incurred in the exercise of said power, and all taxes, assessments and insurance for insurance if any either subsequently paid, or by the said mortgagee his successors, administrators or assigns in their remaining unpaid, upon said granted premises, incurring and paying the sum or sums of money of any tree over and above the amount to be retained as aforesaid together with one and one quarter per cent account of such sale or sales expenses and charges to the said mortgagee, his successors, administrators or assigns, which sole or sales made as aforesaid shall be a judicial sale both in law and equity against the said mortgagor, their heirs, executors, administrators and assigns, and all persons claiming said premises by way, form or under them or of any thing and one, the said mortgagee, for himself and for his heirs, executors administrators and assigns hereby covenant with the said mortgagor and their heirs, executors, administrators and assigns that they will upon request execute such deed or deeds conformably said sale as may be required. And furthermore, the said mortgagor, for himself and for his heirs, executors, administrators and assigns hereby covenant with the said mortgagee and his successors, administrators and assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises erased in such office or offices as the said mortgagee and his successors, administrators or assigns shall appoint, in a sum not less than six thousand dollars, and that the policy or policies of such insurance shall be assigned and transferred in such manner payable in case of loss to the said mortgagee his successors, administrators or assigns as collateral security debts, and in default thereof hereby agree that the said mortgagee his successors, administrators or assigns, may effect such insurance in the name of the

paid mortgages and their heirs and assigns payable in case of loss to the said mortgagees, and his executors, administrators & assigns, and that the premiums or premiums paid therefore shall be a further charge upon said granted premises secured by these presents. In witness whereof, we have hereunto set our hands and seals this 24th day of April in the year of our Lord one thousand nine hundred and sixteen. Signed and sealed in presence of Lawrence E. Riske [signature] John H. Ryan C.P.A. & Not. State of Rhode Island ss County of Providence On this 24th day of April AD 1916 before me personally appeared Thurman T. Eldridge and E. Amanda Eldridge husband and wife to me known and known by me to be the parties executing the foregoing instrument and severally acknowledged said instrument to be their specialty, to be their free act and deed. Lawrence E. Riske Notary Public LS State of Connecticut ss County of New Haven Washington April 24, 1916 Personally appeared Laversor Eldridge and Mary Eldridge his wife known known by me to be the signers and sealers of the foregoing instrument and acknowledged the same to be their full act and deed. Before me Elias B. Blakeslee Notary Public LS Received for record April 24 1916 at 9 oclock AM and recorded by George Co. Coons Town Clerk For transfer of foregoing mortgage see Book No 20 page 289