1/19/1917 · MORTGAGE DISCHARGE · book 15 page 452 doc 6234

490 (for that purpose by these presents duly authorized and appointed with full power of substitution and revocation) to make, execute and deliver to the purchaser or purchasers at such public sale or sales a good and sufficient warranty deed in the simple, if the premises sold; and to execute and deliver to the purchaser or purchasers a bill of sale for any personal property which shall be required or proposed to be paid; whether then due or to fall due thereafter, or for the part thereof remaining then unpaid and unsold, also and to execute the same on, together with all expenses incident to such sale or sales, and to execute any other instrument or instruments as may be necessary or proper to effect the sale or sales of the premises or any portion thereof, and to execute any nomination concerning the foreclosure thereof, or of said note, or of these presents, and all taxes, assessments, insurance premiums and expenses of repairs, either theretofore paid or hereafter to be paid, and to discharge the same or the persons or parties to whom the same are or may become due, and to release from the mortgage aforesaid money, if any, if the same be not overdue and on the premises above or so amended to be hereafter taken with a true and particular account of such sale or sales, expenses and charges, to the said mortgagee or her assigns; and the said mortgagee hereby covenants that she will warrant her title to the said premises against her heirs, executors and against the said and the said Harold T. Prosser, trustee, their heirs, executors, administrators, executors and assigns and all persons claiming under them, and that the premises are free from all encumbrances except as herein expressed; and the said mortgagor and her assigns, and for her heirs, executors, administrators, executors and assigns, do hereby appoint the Industrial Trust Company as trustee and attorneys for her and her heirs, executors, administrators, executors and request execute such deed or conveyances conditional such of sale or as may be necessary or convenient. and that the said mortgagor and her assigns, and for her heirs, executors, administrators, executors and assigns, do hereby covenant and agree that they will pay the said note and interest thereon as the same becomes due; and covenants and assigns, for the consideration aforementioned and to further increase the security of this mortgage, do hereby covenant and agree to the following: 1. To pay promptly said principal and all of sums of principal and interest due thereon in accordance with the tenor thereof, all taxes and assessments of every nature whatever upon the premises described herein, and to keep the premises insured against loss by fire and other perils as the mortgagee may from time to time request in respect to this mortgage or mortgage indebtedness, whether under any provision of law or present agreements, all premiums for insurance maintained upon said premises, and all water, sewer, tax and other assessments levied against the premises; 2. To maintain the premises in good condition and repair, and to keep the same free by her and her successors and assigns, and for her heirs such particulars, including in form of such and company corporate as the mortgagee or any other holder of the mortgage at any time may from time to time request, and to provide the mortgagee or any other holder of the mortgage with copies of policies of insurance payable in case of loss to the mortgagees by clauses incorporated in said policies or by endorsement to the policies mortgage; and and further agrees that the mortgagee and the mortgagees by clauses incorporated in said policies or by endorsement to the policies mortgage; and and further agrees that the mortgagee and the mortgagees by clauses incorporated in said policies or by endorsement to the policies mortgage; and and further agrees that the mortgagee and deliver to the policies mortgage; and and the said Industrial Trust Company or other holder of the mortgage may at any time from time to time the mortgagor to demand, assign, sell, convey and collect any and all money and all other issues which may accrue under any such insurance and to give evidence thereof to the mortgagor; and further agrees that the mortgagee or any other holder of the mortgage may at any time from time to time foreclose upon, the indebtedness hereunder serviced, whether or not then due, on the premises, or for reimbursement for any taxes, assessments, insurance premiums or other expenses incurred by the mortgagee or any other holder of the mortgage in connection with the building or improvements in the premises. In the event of foreclosure under this mortgage hereon or other transfer of the title to the mortgaged premises in satisfaction of the indebtedness, or any part thereof serviced, the mortgagee or any other holder of the mortgage shall be entitled to receive, and may retain or refuse to remit, any insurance proceeds, or dividends, diversions shall pass to the mortgagee, or the mortgagors may surrender said insurance policies and collect any sums due thereon, or, may at option, transfer its rights upon said note, title or insurance policies to any person or persons. 2. To pay the mortgagee or any other holder of the mortgage any refunds of dividends, otherwise, shall be applied on account of the indebtedness hereunder security and any parsed payments over a surplus on the foreclosures. If the mortgage is discharged before the entire indebtedness is paid, the mortgagor shall pay to the mortgagee or any other holder of the mortgage the balance of the indebtedness so paid because a part of the indebtedness hereunder secured hereby, and shall bear all interest upon the reserves provided upon the principal indebtedness until payment thereof; 3. To permit the mortgagee or any other holder of the mortgage at any reasonable time to enter upon the premises described herein at this mortgage at all times until full payment and discharge be surrendered in as good condition and repair as at the same now are or hereafter may be rentable, so as to enter, in and inspect the premises and the buildings thereon, and to make any changes or alterations in the buildings or improvements, to enter upon the premises and at all reasonable times to view and inspect the same. 4. To pay all taxes, assessments, water rates or insurance premiums not paid by her the mortgagor when due, and all of such sums shall be immediately replenish and until repaid shall be added to the principal of the indebtedness serviced hereby, and shall bear interest at the same rate as the principal indebtedness; and in case of default in such payment the mortgagee may be a further lien upon the premises and accrued by these presents. 5. That if any default shall occur in the payment of any sum hereby covenanted or made an agreement for the benefit of any creditor or pledgee under the terms of this mortgage, or any court of law, or she mortgagee abandon any of said property, then in any of said event the mortgagee is hereby authorized and empowered at its option, without notice and without affecting the lien created by the priority of said lien or any other right of the mortgagee to foreclose upon the premises and accrued by these presents. IN WITNESS WHEREOF, the said mortgagor has hereunto set her hand and seal this 18th day of April A. D. one thousand nine hundred forty-nine her hand Signed, sealed and delivered in presence of Thos. Butelcliffe LAURA W. PROSSER HAROLD T. PROSSER State of Rhode Island ) ss. County of Washington ) In Westerly on the 18th day of April A. D. 19 49 before me personally appeared the above named names Laura W. Prosser and Harold T. Prosser, each and all to them known by me and be the parties executed the foregoing instrument, and severely acknowledged said instrument, by them, to be their free and not deed. Recorded April 19th 19 49 at 9:15 o'clock, a. m., Witness: Town Clerk. Industrial Trust Company, having received full payment and satisfaction of the within mortgage, does hereby cancel and discharge the same. IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be hereunto affixed duly authorized, this fourth day of by its Manager and Asst. Manager August A. D. 19 49 Signed and sealed in presence of Rose M. Pusaro INDUSTRIAL TRUST COMPANY by Hiram Kendall Thomas Sutcliffe Manager Asst. Manager Discharge recorded, August 6th, A. D. 1949 at 9:15 o'clock, a. m., Witness: Town Clerk.