4/8/1960 · MISC · book 37 page 203 doc 6432@37/203

203 ADDITIONAL COVENANTS AND MORTGAGES OF PEOPLE'S SAVINGS BANK IN PROVIDENCE The following is a statement of additional covenants and agreements to be made by all mortgagors which are referred to in, and by reference hereto are made a part of all mortgages executed to PEOPLE'S SAVINGS BANK IN PROVIDENCE, a savings bank organized under the laws of the State of Rhode Island and operating under the laws of the State of Rhode Island, having its principal place of business in the City and County of Providence and in said State. The mortgagor makes the following additional covenants and agreements which are referred to in, and by reference are made a part of, a mortgage executed and delivered to PEOPLE'S SAVINGS BANK IN PROVIDENCE, hereinafter called the "mortgagee" for the purpose of these covenants: 1. To pay the mortgagee in indebtedness with the amount of the term or note of any mortgages other than titles and assessments of every nature lawful or levied to be assessed and taxed on the property, in full payment of all such indebtedness and in the event of any such assessments or taxes for future law, all premiums for insurance maintained upon said premises, and all water rates and other expenses newly secured as herein provided. 2. To keep and maintain insurance against loss by fire and by other hazards causable, summaries and contingencies, in an amount sufficient for the benefit of the mortgagee and the mortgagor, as may be required of the mortgagor or other holder of the mortgage at any time and from time to time and specify, and to pay promptly due when the insurance is due and maintain the insurance in full force and effect so long as the mortgage is a lien on the property satisfactory to it and deliver the policies to the mortgagee; and the mortgagee or the holder of this mortgage or any other mortgage shall be entitled to the benefit of such insurance and to the proceeds thereof in the event of the apply of the mortgagor to amend, adjust, sum for, compensate and correct any losses and all any contingencies which may occur under this mortgage or any other mortgage on the property, and the mortgagee shall be entitled to apply the insurance money by the mortgagee, or to the cost of repairing or replacing the damaged buildings or improvements. In the event of foreclosure of this mortgage or any other mortgage on the property, the mortgagee shall be entitled to the proceeds of the mortgage indebtedness, or any part thereof, all right, title and interest of the mortgagor in and to any insurance policy, right or interest of the mortgagor in and to any insurance proceeds, and the mortgagee shall be entitled to apply said proceeds to the payment of the mortgage indebtedness, and the mortgagor summons aid policies and contingent as any sums due thereon, and at its option, any interest to any insurance policy, right or interest of the mortgagor in and to any insurance proceeds, and the mortgagee shall be entitled to apply said proceeds on the payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies on payment of rides, summons, or otherwise, or otherwise, shall be applied on account of the mortgage indebtedness, and any remaining sums shall be paid to the mortgagor, provided that any sum received as said policies