The instrument's own words
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218 Know all men by these presents, that
I, Charles J. Eldredge, a widower, of the town of Charlestown,
County of Washington, and state of Rhode Island,
(hereinafter called the mortgagor,) in consideration of
six hundred ($600.00) dollars to me paid by Industrial
Trust Company, a corporation created by the General
Assembly of the state of Rhode Island, said trust located and
conducting business in the City and County of Providence
in said state, the receipt thereof is acknowledged,
do hereby grant bargain, sell and convey unto said
Industrial Trust Company its successor and assigns
forever, a certain lot of land, situated in said town
of Charlestown with a dwelling house and other
improvements thereon standing located at the junction
of the highways extending westerly from the Post Road
to Broadford Rd. and bounded and described as follows:
to north by South St. and bounded by the highway known as the Post
Road, Easterly by said highway extending westerly to
Broadford Rd. westerly and northerly by land belonging to
Ethaniel cannedall and others, if however otherwise
the same may be bounded or described,
To have and to hold the aforementioned premises,
with their appurtenances unto and to the use of said
Industrial Trust Company its successor and assigns
forever, and I the said mortgagor, as hereby bind
myself and my heirs, executed and administrators
covenant with said Industrial Trust Company its
successor and assigns, that I am lawfully seized
in fee simple of the said granted premises, that the
same are and free from all encumbrances that I have
good right full power and lawful authority to sell
and convey the same in the manner as aforesaid, that
said Industrial Trust Company its successors and
assigns, shall by these presents at all times hereafter
peaceably have and enjoy the said premises, and that
the said mortgagor shall and my heirs executors and
administrators shall warrant and defend the same
to said Industrial Trust Company its successor
and assigns forever, against the lawful claims and
demands of all persons whatsoever and also to pay
the taxes, assessments and other expenses
hereby assumed or hereinafter provided.
Provided nevertheless, that if I the said mortgagor
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or my heirs, executors, administrators or assigns, shall pay unto
said Industrial Trust Company, its successors or assigns, the
sum of six thousand (6000) dollars in six months from the
date hereof, with interest thereon at the rate of six per centum
per annum, payable semi annually in advance until said principal
sum is paid, whether at or after a month's date and all installments
of interest in arrear, whether legal or after maturity, to bear
interest at the rate aforesaid until paid, and shall also pay
all taxes and assessments of any kind levied or assessed upon
or in respect of said premises, or upon said Industrial Trust
Company, its successors or assign, in respect of this mortgage
or mortgage debt, whether under statutes now in force or that
may be hereafter enacted, that in this deed, as also may promissory
note whereat I the said mortgagor promise to pay said Industrial
Trust Company or order the sum aforesaid with interest as
aforesaid at the times aforesaid which become and be absolutely
good will notes and promises whatever therefore
But if default shall be made in the payment of
the said sum of six thousand at the times and in the
manner aforesaid, or of the taxes or assessments aforesaid
as the same became payable, or of any or either of them,
or of any part thereof, or if breach shall be made by the covenants
for insurance hereunder contained, then it shall be
lawful for said Industrial Trust Company its successors
or assigns to sell together or in parcels all and singular
the premises hereby granted, or intended to be granted,
or any part or parts thereof, and the benefit and equity
of redemption of the said mortgage by his heirs, executors,
administrators and assigns at their election at public auction,
and to bid for and be the purchaser the premises at any such
sale, and no other purchaser shall be admitted for the
application of the purchase money, first giving
notice of the time and place of sale by publishing
the same at least once each week for three successive
weeks in some newspaper published in the town of
westerly in said county of Washington with power to
adjourn such sale from time to time, and such sale
shall upon the premises as aforesaid, as specified in
such notice, and in its or their own name or names
or as the attorney or attorneys of the said mortgagor
(so that such purchase by their trustee duly authorized
and appointed with the full power of substitution and
revocation) to make execute and deliver to the purchaser
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220 or purchaser at such sale or sales, good and sufficient
title or titles of said premises in fee simple, and to receive
the purchase money, and therefrom to retain all sums
secured, whether then due or to fall due thereafter
or the part thereof remaining unpaid, and also the
interest due there on the same, together with all expenses
incident to such sale or sales, and all annual taxes and
other charges incurred in or in any way connected with
the expense of their process, and all fees and assessments
as accrued, and all premiums for insurance, either
then paid by said Industrial Trust Company, its
successors or assigns, or then remaining unpaid, returning
and paying the surplus of said purchase money, if any
there be over and above the amounts to be retained as
aforesaid, together with a true and particular account of
such sale or sales, expenses and charges, to the said
mortgagor, their heirs, executors, administrators or assigns,
which sale or sales shall be a perpetual bar with
law and equity against the said mortgagor, his heirs,
spectors, administrators and assigns, and all persons
claiming said premises no matter from or under them
or any of them. And I the said mortgagor, for
myself and for my heirs, executors, administrators and
assigns hereby covenant with said Industrial Trust
Company, its successors and assigns that I or they
will upon request execute such deeds and covenants
of such sale or sales as may be necessary or desirable,
and further more, I the said mortgagor, for myself
and for my heirs, executors, administrators and
assigns, hereby covenant with said Industrial Trust
Company, its successors and assigns, that insurance
against loss by fire shall be kept and maintained
on the buildings on the premises aforesaid in such
office or offices as said Industrial Trust Company, its
successors and assigns shall appoint, in a sum
not less than six hundred (600) dollars and that all
policies of insurance on said building, shall be
assigned and transferred, or made payable in case of
loss to said Industrial Trust Company its successors
and assigns as collateral security both, and in
absence thereof, hereby agree that said Industrial
Trust Company, its successors or assigns may
effect such insurance either in its or their own name
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221
or in the name of said mortgagor my heirs & assigns, and that
the promissory premises paid therefor shall be a further charge upon
said granted premises secured by these premises as aforesaid.
In witness whereof I have hereunto set my hand
and seal this twenty first day of April AD one thousand
nine hundred and nineteen.
Signed, sealed and delivered
in presence of
Eleanor E. Roche Charles F. Elbridge
State of Rhode Island
County of Washington Ss
In Westerly, on the 21st day of April AD,
1919, before me personally appeared the above named Charles
F. Elbridge to me known and known by me to be the party
securing the foregoing instrument and severally acknowledged
said instrument by him executed to be his free act and
deed.
Eleanor E. Roche
Notary Public L.S.
Received for record April 22 1919 at 9 oclock A.M.
and recorded by George La Course Town Clerk
Industrial Trust Company, having received full payment
and Satisfaction of the within mortgage, recorded in the recorder
of North Kingstown R.I. in Real Estate Mortgage book number 18 Page 248
does hereby cancel and discharge the same.
In testimony whereof, said company has caused these
presents to be signed and its corporate seal to be hereunto
affixed by the Vice President and Secretary thereof duly authorized
this 24th day of April AD, 1922
Signed and sealed in presence of Industrial Trust Company
Loylode A. Rines Ward E. Smith Vice Pres.
Harry La Cron, Secretary L.S.
Recorded April 24, 1922
by George La Course Town Clerk
The page as recorded
