12/22/1960 · MORTGAGE · book 37 page 470 doc 6784@37/470

470 KNOW ALL MEN BY THESE PRESENTS: That We, MORRIS NEGUS and MINERVA NEGUS, husband and wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Four Thousand & 00/100 ($4,000.00) 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 MORTGAGE COVENANTS, to secure the payment of the principal and of a certain promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: A certain lot or parcel of land, together with the buildings and improvements thereon, located on the easterly side of Main street in the village of Ninigret, in the Town of Charlestown, County of Washington and State of Rhode Island bounded and described as follows: BEGINNING at the northeasterly corner of the parcel of land hereinafter described as being situated on a lot size of approximately 0.43 acres and said parcel of land being situated as being easterly adjacent to the southeasterly side of Sarah G. [?], whose boundary namely bounded on say Land owner, a distance of 125 feet; thence southerly on a course that is parallel with said Sarah G. [?], a distance of 110 feet; thence westerly by said boundary land owner, a distance of 100 feet, to a distance of 40 feet; thence easterly, bounded southerly by said land owner and northerly by Simon A. Kenyon eq, at a course that is parallel with the first boundary line, a distance of 40 feet to said easterly line; thence southerly to the center of Main Hill Road; thence westerly bounded easterly by said road, a distance of 40 feet to the point and place of beginning. Being the same premises conveyed to the mortgagors by deed of Simon A. Kenyon eq, dated May 28th, 1958 and recorded in Book 36, at page 292 of the Charlestown Land Evidence records. This mortgage is made under the STATUTE CONDITION and under the STATUTORY POWER OF SALE; provided, however, that no foreclosure action of a court of competent jurisdiction shall be brought until a notice published in a newspaper published in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere at the option of the mortgagee, as specified in the notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having been this day received by the mortgagor, the receipt whereof is hereby acknowledged, the said statement being recorded in Land Evidence Book 37, page 470 in Charlestown, R.I. The covenants and agreements are hereby by reference made part of this mortgage, and if default shall be made in the covenants or agreements or otherwise, the same shall be lawful for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we, said mortgagors, release to the mortgagee all right of (dower)(curtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 6th day of December, 1960. Executed in presence of Fred Wagner MORRIS NEGUS MINERVA NEGUS INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Newport on the 6th day of December, 1960, before me personally appeared the above named MORRIS NEGUS and MINERVA NEGUS, to me and known 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 December 22nd, A. D. 1960 at 9:00 o'clock, a. m., and recorded by [Signature] Town Clerk DISCHARGE OF MORTGAGE Industrial National Bank of Providence Rhode Island, having received full payment and satisfaction of the within mortgage, recorded in the (Land Evidence) (Real Estate Mortgages) Records in the Town of Charlestown, R.I. in Mortgage Book 37, at page 470 does hereby cancel and discharge same, and covenants to and with the person Mortgagee referenced that it is paid and discharged and mortgaged. IN TESTIMONY WHEREOF, said Industrial National Bank of Providence has caused these present to be signed, and incorporate seal to be hereunto affixed by its proper officers or representatives thereunto duly authorized, this 14th day of March A. D. 1971. Witness: ALMA M. PESCE INDUSTRIAL NATIONAL BANK of Providence By LILLIAN G. CAS Lillian G. Cas, Manager Received for record March 22nd A. D. 1971 at 1:00 o'clock, p.m., and recorded by [Signature] Town Clerk