3/30/1911 · DEED · book 17 page 60 doc 6581

312 MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, That we, KURT U. SCHUTAG and DORIS L. SCHUTAG, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island, hereinafter called the mortgagors, for consideration paid, grant to THE WASHINGTON TRUST COMPANY, a corporation created by Act of the General Assembly of the State of Rhode Island, located and having its principal office and place of business in the Town of Westerly, County of Washington and State of Rhode Island, hereinafter called the mortgagee, with MORTGAGE COVENANTS, to secure the payment of FIFTY-FIVE THOUSAND or 55,000.00 Dollars, with interest thereon at the rates specified in a certain negotiable promissory note of the mortgagors of even date herewith, said principal and interest being payable in monthly installments of FOUR-HUNDRED ninety four and 94/100 ($494.94) Dollars each on the 20th day of each successive month commencing August 20, 1960, until whole sum principal and interest are paid in full, all as provided in said note, the following described land, together with all buildings and other improvements now or hereafter erected thereon, all the hereditaments, appurtenances and rights thereunto belong- ing or in any way now or hereafter appertaining, together and with everything and including as part of the realty, all heating and air-conditioning apparatus, plumbing, stoves, doors storm doors and windows, gas, oil and electric fixtures, screens, screen doors, shutters, and other fixtures of whatever kind on said premises or thereafter placed thereon prior to the full payment and discharge of this mortgage, situated in the Town of Charlestown, County of Washing- ton and State of Rhode Island, bounded and described as follows: A certain tract or parcel of land located on the Southerly side of the Shannock-Gurvine Road, then from the Village of Charlestown, Town of Charlestown, County of Washington, State of Rhode Island, with all the buildings and improvements thereon, bounded and described as follows: Siting as follows: Commencing at the Easterly corner of said tract at an iron pipe set in the ground at now bound ory or former line of Farnum et al.; thence running in a general Northeasterly direction beaming nine hundred feet to an iron pipe set in the ground; thence running in a general Southeasterly direction to the ground thence running at an angle of 105° 0' and running in a general Easterly direction along the line of a fence to an iron pipe then the end of a stone wall three courses high running at an angle of 105° 0' and running in a general northeasterly direction to an iron pipe set in the ground; thence running at an angle of 105° or now formerly of Sadie R. Bennett, to an iron pipe set in the ground; thence running at an angle of 105° and running in a general Southeasterly direction to the southeast corner of the subject property thence running at an angle of 105° and running in a general Southwesterly direction to an iron pipe set in the ground; thence running a distance of 100 feet to an iron pipe set in the ground; thence running at an angle of 105° thence running a distance of 100 feet to an iron pipe set in the ground; thence running at an angle of 270° and running in a general Easterly direction in a straight line a distance of 100 feet to an iron pipe set in the ground; thence running at an angle of 105° in a general Northeasterly direction in a straight line a distance of 135 feet to the point and place of beginning. Said tract contains one acre, more or less. Subject to the right of Sadie R. Bennett and Richard S. Rhodes, their heirs and assigns, to take water from the property of the mortgagors for domestic purposes as stated in the trust for the benefit of the pres- mising additions the above described tract on the West. Being the same premises conveyed to said Kurt U. Schutag and Doris L. Schutag, mortgagors herein, by deed of Clara L. Hardy dated December 1, 1959 and recorded in the Land Evidence Records of the Town of Charlestown, R. I., in Book 30, as Page 242. This mortgage is made upon the STATUTORY CONDITIONS and with the STATUTORY POWER OF SALE provided, how- ever, that the foreclosure may be sold upon the premises or elsewhere at the option of the mortgagee as specifi- ed in the notice of such sale. This mortgage is made subject to existing buildings improvements and easements contained in that entitled ADDITIONAL COVENANTS AND RESTRICTIONS OF THE VILLAGE OF SHANNOCK, executed separately by the mortgagors, a copy of which has been delivered by the mortgagors, the covenants thus of which are on record in Town of Charlestown, in Land Evidence Records Book 24 at page 369 and following. All commitments and promises made in the above described instrument shall be kept in the observance or performance of any of the same, all shall be subject to the mortgage on the collateral to describe the above described premises pursuant to STATUTORY CONDITIONS. WITNESS our hand this 20th day of July, 1960. Executed in presence of Raymond M. Holberten KURT U. SCHUTAG DORIS L. SCHUTAG STATE OF RHODE ISLAND County of Washington Before me, on the 20th day of July, 1960, before me personally appeared the above named KURT U. SCHUTAG and DORIS L. SCHUTAG, husband and wife, both to me known and by me known to be the parties executing the fore- going instrument, and they severally acknowledged said instrument to be their free act and deed, going instrument, and they severally acknowledged said instrument to be their free act and deed, ISABELLE W. ROOK (Notarial Seal) Notary Public Received for record July 21st, A. D. 1960 at 9:45 o'clock, a. m., and recorded by Town Clerk