10/25/1960 · MORTGAGE · book 37 page 416 doc 6718@37/416

416 KNOW ALL MEN BY THESE PRESENTS: That We, ANGELO DIPOLENE and DOROTHY M. DIPOLENE, husband & wife, of Westerly, Rhode Island, hereinafter called the "mortgagors," in consideration of Three Thousand Four Hundred $ & 00/100 ($3,400.00) Dollars, to us 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 RESERVATIONS CONVEYED, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date herewith and bearing the serial number, the following: A certain tract or parcel of land, together with the buildings and improvements thereon standing, situated in the Town of Charlestown, in the County of Washington, State of Rhode Island and State of Rhode Island, bounded and described as follows: BEGINNING at a point on the easterly side of the State Highway at the northeasterly corner of the premises herein conveyed and running thence southerly along the division of a 326.20 ft s line to a post; thence southerly, bounded east by the land of the heirs of Rod. B. Fenner, a distance of 77.6 ft; thence easterly, bounded north by the land of the heirs of formally William [?] and west and wife to the aforementioned State Highway; thence northerly, bounding westerly by said State Highway, a distance of 57 feet, more or less, to the point of place and beginning; or however bounded. EXCEPTING however from the above described premises that certain parcel of land conveyed by deed from Bonaventure Erford, at a due sale, July 24, 1952 and recorded in Book 29, at page 416 of the Charlestown Land Evidence Records. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWERS OF SALE provided, however, that publication of notice of a foreclosure sale may be made alternatively in a local newspaper published in the City of Providence or in the Town of Charlestown, or be held upon the premises or elsewhere at the option of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF CONDITIONS AND RECORDING, a copy of which has been received by the mortgagor, the recording of which, wherever it shall be recorded, the terms of which are on record said Charlestown Land Evidence, Book 37, at page 416, whereas it shall be deemed to be a part of this mortgage, and if default shall be made in the performance or observance of any of the same, it shall be lawful for the mortgagee to sell the above described premises in accordance with the provisions of this mortgage. For the consideration aforesaid, we, said mortgagors, release to the mortgagees all the right of (down) (courtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 24th day of October, 1960. Executed in presence of Harold B. Slotevitzik ANGELO DIPOLENE DOROTHY M. DIPOLENE INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 24th day of October, 1960, before me personally appeared the above named ANGELO DIPOLENE and DOROTHY M. DIPOLENE to me and known by me to be the parties executed the foregoing instrument and acknowledged said instrument by them to be their free act and deed. HAROLD B. SLOTEVITZIK Notary Public Received for record October 25th, A. D. 1960 at 9:01 o'clock, a. m., and recorded by [Signature] Town Clerk ---- DISCHARGE OF MORTGAGE Industrial National Bank of Providence, having received full payment and satisfaction of the within mortgage, recorded in the [Land Evidence] (Land Evidence (Real Estate) Mortgage Records in the Town of Charlestown in Mortgage Book 37 at page 416, does hereby cancel and discharge the same, and covenants to and with the person making said payment that it is released from said mortgage. IN TESTIMONY WHEREOF, said Industrial National Bank of Providence has caused these presents to be signed and its corporate seal to be hereunto affixed by its proper officers or representatives thereto duly authenticated, this 31 day of January A. D. 1961. Witnessed by: Heather J. MacDonald INDUSTRIAL NATIONAL BANK of Providence (Corporate Seal) By C. Albert Selbinger Mgrs. By John P. DiVentire Received for record February 2nd, A. D. 1961 at 9:10 o'clock, a. m., and recorded by [Signature] Town Clerk