4/1/1961 · MORTGAGE · book 37 page 549 doc 6873@37/549

549 MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, That We, DAVID I. SMITH and LORETTA W. SMITH, 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 the MORTGAGE COVENANTS, to secure the payment of FIFTY-FIVE HUNDRED and 00/100 ($5500.00), 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 THIRTY-SEVEN EVEN and 63/100 ($37.63/100 Dollars each on the 1st day of each successive month commencing May 1 1961 until said principal and interest are paid in full, all as provided in said note, the following described land, together with all buildings and improvements now upon and hereafter erected thereon, with and including as part of the realty, all heating and air-conditioning apparatus, plumbing, stoves, storm doors and windows, gas, oil and electric fixtures, screens, screens doors, awnings, and other fixtures of whatever kind on said premises or hereafter placed thereon prior to the full payment and discharge of this mortgage, situate in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: Two certain tracts of real estate, together with the buildings and improvements thereon, situate in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows: FIRST TRACT: Beginning at the southeast corner of said tract at a corner of a wall; thence running northerly to the wall; thence the wall now stands 143 feet to the end of a wall; thence running 8 6/10 feet S 48° E, in a straight line to the Pawcatuck River stream boundary, thence following the opposite side of said stream to the boundary of property of Samuel Coon; thence easterly on said boundary to the boundary of property of Samuel Coon and land formerly of Robert P. Todd, thence easterly on said boundary to the boundary of property of Frederick M. Smith, thence southerly on said boundary to a wall on land formerly of Alfred J. Richard; thence westerly boundary then southerly on land formerly of Samuel S. Greene to Eugene Young and Annie Young as Joint Tenants duly deeded July 26, 1930 and recorded in the Land Evidence of Town of Charlestown, Book 23, Page 21, Parcel 10, then northerly on said boundary, however, from this conveyance that tract of land conveyed by deed of Eugene Young to Frederick W. Tetten, also excepting from this conveyance that tract of land conveyed by Annie Young to Frederick W. Tetten et ux dated May 19, 1947 and recorded in Land Evidence, said Town in Book 37, Page 431. SECOND TRACT: Beginning at the end of a wall at the southeast corner of said tract; thence running northerly a distance of 143 feet to a stone bound in the ground; thence from said stone bound continuing in the same direction northerly 8 6/10 feet S 48° E, to the south wall; thence running east on the wall and west by land formerly of Alfred J. Richard and on the east by land formerly of Eugene Young, the same being the premise conveyed by deed from Eugene Young and Annie Young to Eugene Young, being the same premises conveyed by deed from Samuel S. Greene to Eugene Young and Annie Young, said Town of Charlestown, Book No. 23 at Pages 292 and 297). This conveyance is made subject to rights of way and easements then and hereafter may agree that may operate therof. Reference is hereby made to Warranty Deed of Bernice S. Flint et alia, as the mortgagors dated January 20, 1961 and recorded in Charlestown Land Evidence Record Book 37 at pages 511-512 and to Quit-Claim Deeds by Bernice S. Flint et alia, to these mortgagors dated March 4, 1961 and by Elwood Young et alia, to these mortgagors dated March 12, 1961 and said quit-claim deeds will power of record in Land Evidence Records of the Town of Charlestown. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE provided, that in event of a default in the payment of any sum due hereunder by the mortgagors, as is specified in the notice of such sale. This mortgage is made subject to additional covenants and agreements contained in the instrument entitled ADDITIONAL COVENANTS OF MORTGAGORS OF THE WASHINGTON TRUST COMPANY executed by the mortgagors, a copy of which has this day been delivered by the mortgagees, the exact terms of which are on record in said Town of Charlestown, R. I., in Land Evidence Record Book 37, Page 548, said covenants being considered a material and inducing part of this mortgage, and if default shall be made in the observance or performance of any of the same, it shall be sufficient for the mortgagees to sell the above described premises pursuant to said STATUTORY POWER OF SALE. WITNESS our hands this 31st day of March, 1961. Executed in presence of DAVID I. SMITH LORETTA W. SMITH STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Hopkinton, on the 31st day of March, 1961, before me personally appeared the above named DAVID I. SMITH and LORETTA W. SMITH, husband and wife, both to me known and known by me to be the parties executing the foregoing instrument, and they severally acknowledged said instrument by them executed to be their free act and deed. STEPHEN J. KIZIARZEWSKI Notary Public Received for record April 1st, A. D. 1961 at 10:00 o'clock, a. m., and recorded by [Signature] Town Clerk