5/17/1963 · RELEASE · book 37 page 529 doc 6848@37/529

529 MORTGAGE DEED KNOW ALL MEN by THESE PRESENTS, That We, JAMES E. REAY and SHIRLEY A. REAY, 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 TWO THOUSAND and 00/100 ($2000.00) Dollars, with interest the term at 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 TWENTY-FIVE and 00/100 ($25.00) Dollars each on the 10th day of each successive month commencing April 10, 1961, until said principal and interest are paid in full, 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 thereto belonging or attaching in any way now or hereafter appertaining, storey and apartment, and windows, gas, oil and electric furnaces, screens, screens doors, screens, awnings, and other fixtures of whatever kind in or on said premises, or hereafter placed thereon prior to the full payment and discharge of the mortgagors, situated in the Town of Charlestown, County of Washington and State of Rhode Island, and bounded and described as follows: Two certain tracts or parcels of land, together with the buildings and improvements thereon, situated in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: FIRST TRACT Beginning on said [?] on the southerly side of the Post Road, so called, said point being 75 feet West of the westerly boundary line of said Post Road, a distance of 75 feet precisely from Henrietta Moore's line thence running westerly, bounded southerly by said Post Road, a distance of 75 feet thence running northwesterly a distance of 300 feet to the westerly boundary line of the [?] of Lord Percival of said [?] thence running south between 300 feet westerly the westerly boundary line of said Post Road, a distance of 250 feet, to the point END precise beginning, or however otherwise the same may be bounded or described. SECOND TRACT Beginning at a point on the northerly side of said Post Road at the northwesterly corner of the premises herein described and at the northeastern corner of the above described FIRST TRACT, a distance of 295 feet, more or less, to a stone wall; thence running westerly, bounded northerly by premises formerly of Henrietta Moore's, a distance of 75 feet stone wall; thence running westerly, bounded northerly by premises formerly of Henrietta Moore's, a distance of 75 feet from and parallel to the westerly line of said First Tract, a distance of 295 feet or more, less, to said Post Road, a distance of 75 feet to the point and place of beginning, or however otherwise the same may be bounded or described. This conveyance is subject to fence agreements of record. Meaning and intent to convey the same premises conveyed to the mortgagors hereby by Shirley A. Reay by deed dated January 29, 1959 recorded in the Land Evidence Records of the Town of Charlestown, R. I. in Book No. 36 at pages 521 and 522. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE, provided, however, that a release of the same may be held upon the payment or payments of the notes of the mortgagors, as specified in the notice of such sale. This mortgage and the covenants hereby contained and covenants contained in this instrument entitle ADDITIONAL SUBSTITUTES OF MORTGAGEES of the WASHINGTON TRUST COMPANY executed hereinafter by the mortgagors, a copy of which has this day been received by the mortgagors, the exact terms of which are recorded in said Town of Charlestown, R. I. in Land Evidence Records Book 34 at pages 369 and 370. And said substitutes are by reference made hereto and by this mortgage as if fully set forth herein. In the event of any default in performance of any of the same, it shall be lawful for the mortgagees to sell the above described premises pursuant to said STATUTORY POWER OF SALE. WITNESS our hands this 3rd day of March, 1961. JAMES E. REAY SHIRLEY A. REAY Executed in presence of Robert G. Robertson STATE OF RHODE ISLAND County of Washington, In Westerly, on the 3rd day of March, 6rd. 1961, before me personally appeared the above named JAMES E. REAY and SHIRLEY A. REAY, husband and wife, and proved to me by known and known by me to be the parties executing the foregoing Mortgage instrument and they severally acknowledged said instrument by them executed to be their free and voluntary act and deed. ELEANOR E. KENTIG (Notarial Seal) Notary Public By Commission Expires June 30, 1963 Received for record March 6th, A. D. 1963 at 9:15 o'clock, a. m., and recorded by [?] Town Clerk ---- DISCHARGE OF MORTGAGE THE WASHINGTON TRUST COMPANY of Westerly, Rhode Island, having received full payment and satisfaction of the mortgage given to it by James E. Reay and Shirley A. Reay in the Land Evidence in the Town of Charlestown, R. I. in Book Number 37 page 529 does hereby cancel and discharge the same IN TESTIMONY WHEREOF, said Company has caused these presents to be signed and sealed in presence of Robert G. Robertson to be hereunto affixed with its seal and to be authorized, this 16th day of May, A. D. 1963. THE WASHINGTON TRUST COMPANY (CORP SEAL) Signed and sealed in presence of: Virginia M. Algier By Raymond W. Holbert Treasurer Its [Signature] Deputy Town Clerk Received for record May 17th A. D. 1963 at 9:00 o'clock, a.m., and recorded by [?]