5/21/1960 · MORTGAGE · book 37 page 249 doc 6498@37/249

249 KNOW ALL MEN BY THESE PRESENTS: That We, WILLIAM JOHN RICHARDSON and LILLIAN H. RICHARDSON, husband & wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Two Thousand Seven Hundred & 00/100 ($2,700.00) Dollars, to be paid by INDUSTRIAL NATIONAL BANK of Providence, a national banking association organized and existing under the laws of the United States of America, with its principal place of business in the city and County of Providence in the State of Rhode Island, hereinafter called the "mortgagee," the receipt whereof is hereby acknowledged, do hereby grant to the mortgagee, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date hereinabove and bearing the serial number hereunder, the following: That certain parcel or tract of land, together with the buildings and improvements thereon, situated on the west side of West East Beach Road, Charlestown, in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows:— BEGINNING at the northeast corner of the premises described at a drill hole in the stone wall on the east side of the west side of the East Beach Road from the center of the road or formerly of Leo Baker, thence a stone wall running in a southeasterly direction for 158 feet to a stone wall marker, a distance of 172 feet along a stone wall running in a southeasterly direction for 158 feet to a stone wall marker, thence 172 feet along a stone wall to a drill hole in the stone wall at a point wall now or formerly owned by Alfred Burdick, a distance of 85 feet running in a southeasterly direction for 158 feet to a stone wall marker, thence 172 feet along a stone wall to a drill hole in the stone wall at a point in the walls running in an easterly direction for 118 feet to the stone wall and the center of the East Beach Road, thence 118 feet along the wall on the west side of East Beach Road, thence running in a northerly direction along said East Beach Road, a distance of 518 feet to the point of beginning, the remaining distance running in a northerly direction for 518 feet along East Beach Road, thence west and by west land now or formerly of J. Alfred Burdick and on the north by land now or formerly of Leo Baker. Being the same premises conveyed to the mortgagors by deed of the Grand Lodge of the Ancient Order of United Workmen of North Dakota, dated January 29, 1945, recorded in Book 377 of the Charlestown land evidence Book records; This mortgage is made upon the STATUTE CONDITION and with the STATUTORY POWER OF SALE provided, however, that payment of a notice of a foreclosure sale may be made substitutively in a public newspaper published in the City of Providence, and that a foreclosure sale may be held by appointment on the premises or elsewhere at the option of the mortgagee or a substitute trustee. This mortgage is made subject to those additional covenants and agreements contained in a separate STATUTORY CONDITION AND AGREEMENTS, a copy thereof having this day been received by the mortgagor, the receipt whereof is hereby acknowledged, the said covenants and agreements are contained in Book 37, page 249 of the Charlestown land evidence Book records and covenants and agreements are by reference made part of this mortgage and shall in default be made in the performance of any of the covenants and agreements shall be lawful for the mortgagee to foreclose the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we said mortgagors, release to the mortgagee all the right of (downer)s (curtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagors have executed the presents on the 10th day of May, 1960. Executed in presence of Fred Rayner WILLIAM JOHN RICHARDSON LILLIAN H. RICHARDSON INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 10th day of May, 1960, before me personally appeared the above named WILLIAM JOHN RICHARDSON and LILLIAN H. RICHARDSON, to me known and by me to be the parties executing the foregoing instrument and acknowledged said instrument by them executed to be their free act and deed. LILLIAN G. COATES Notary Public Received for record May 21st, A. D. 1960 at 9:10 o'clock a. m., and recorded by [Signature] Town Clerk DISCHARGE OF MORTGAGE Industrial National Bank of Rhode Island, having received full payment and satisfaction of the within mortgage, recorded in the (Land Evidence) (Real Estate Mortgage) Book here in the Town of Charlestown, in Mortgage Book, 37 at page 249, does hereby cancel and discharge the same, and covenants to and with the person having made said payment that this is the present secure waiver of said mortgage. IN TESTIMONY WHEREOF, said Industrial National Bank of Rhode Island has caused these presents to be signed and its corporate seal to be hereunto affixed by its proper officers or representatives thereto duly authorized, this 5th day of September A. D. 1963. Witness: ALMA T. BEDDES INDUSTRIAL NATIONAL BANK of Rhode Island (Corp Seal) By: C. ALBERT JELENK, Manager By: FRED MAURER, Assistant Manager Received for record January 25th A. D. 1965 at 9:00 o'clock, a.m., and recorded by [Signature] Deputy Town Clerk