10/25/1915 · MORTGAGE · book 18 page 297 doc 7000

Know all Men by these presents, that I, Inacolin Kenyon, of Rehoboth town, County of Washington and State of Rhode Island hereinafter called the mortgagor, in consideration of One Thousand ($1000.00) dollars to me paid by Industrial Trust Company a corporation created by the General Assembly of the State of Rhode Island, and located and conducting business in the City and county of Providence in said State, the receipt whereof I acknowledge, do hereby grant bargain, sell and convey unto said Industrial Trust Company, its successors and assigns forever, certain piece or parcel of land, situated on the north side of Enos Avenue, south of called, located in the town of Rehoboth town, County of Washington and State of Rhode Island, owned and claimed as follows, to wit: beginning at the Northeast corner, [path at the right of the gate running from highway to house], thence running Northerly and Northeasterly as a stone wall adjoining land of William H. Kenyon to the Half Pole, thence running Southerly bounded westerly, say void, to at the Southwest corner of said land near a brook, said wall running Easterly bounded Southerly by land of Albert A. Babcock at the road now closes to the highway and thence on the highway to the first mentioned stone or place of beginning Being the same premises conveyed to the grantor by Smith M. Thayer, by deed dated October 6th 1708, and recorded in the land records of said Rehoboth town in Book 14, page 173. Reference to the same being had and made a part of these presents To have and to hold the aforementioned premises, with their appurtenances with unto and to the use of said Industrial Trust Company, its successor and assigns, forever, and I the said mortgagor, do hereby, for myself and for my heirs, executors and administrators, covenant with said Industrial Trust Company, its successor and assigns, that I own lawfully seized in fee simple of the said granted premises, that the same are full from all incumbrances that I have good right full power and lawful authority to sell and convey the same in manner as aforesaid, that said Industrial Trust Company, its successor and assigns, shall by these presents at all times hereafter peacefully have and enjoy the said premises, and that the said mortgagor will 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, and also to pay the money, taxes, assessments and other expenses hereunto

298 recovered as heir at law provided, and for the consideration mentioned I Lucinda H. Gunn, wife of the said Malcolm Gunn do hereby release all my right of dower in and to the said granted premises unto said Industrial Trust Company, its successors and assigns forever. Provided, nevertheless, that I said mortgagor, or any heirs, successors, administrators or assigns, shall pay unto said Industrial Trust Company, its successors or assigns, the sum of one thousand (1000.00) 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 maturity, and all installments of interest in arrears, whether before or after maturity, and shall also pay all taxes at the rate aforesaid until paid, and shall also pay all taxes and assessments of every kind void or assessed upon or in respect of said premises or upon said Industrial Trust Company, its successors or assigns in respect of this mortgage or mortgage debt whether under titles now or in future or that may be hereafter enacted, thus their aid, as also my promissory note on said Industrial Trust Company or order, the sum aforesaid with interest as agreed, at the times aforesaid, shall become and be absolutely void to all intents and purposes whatsoever. But if default shall be made in the payment of the said sum or of said interest at the times and in the manner aforesaid, or of the taxes or assessments aforesaid as the same become payable, or either of either of them, or of any part thereof, or if breach shall be made of the covenant for insurance hereinabove 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 granted, or intended to be granted, or any part or parts thereof, and the benefit and equity of redemption of this said mortgage and by the said said H. Gunn, her heirs, executors, administrators and assigns then, as public officers, and to bid for and become the purchaser at any such sale, and not the said purchaser shall be responsible 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 said Washington County, with power to adjourn such sale from time to time, and such sale to be upon the premises or elsewhere

or specified in such notice, and in its or their own name or names, or as the attorney or attorneys of the said mortgagor and of the said Beulah S. Sumner, for that purpose they are fully duly and authorized and appointed with full power Substitution and Revocation, to make, execute, sign and deliver to the purchaser or purchasers, at such sale or sales, good and sufficient deed or deeds of said premises as the same shall be, and to receive the purchase moneys, and to transfer to retain all sums newly received, whether then due or to fall due thereafter, on the part halves of their remaining unpaid, and also any interest due on the same, together with all expenses incident to such sale or sales, and all corneal fees and other preferences incurred in a way any way connected with the sale of these property, and all the fees and assessments aforesaid, and all premiums for insurance, either therefore paid in said Industrial Trust Company, its successor or assigns, or their arranging such rendering and paying the sum of said purchase money, if any they may be over had over the amounts to be retained as aforesaid, together with a true and particular account of such sale or sales, payment and charges, to the said mortgagor their heirs, executors, administrators or assigns, which sale or sales shall prove to be perpetual bar both in law and equity against the said mortgagor, and the said Beulah S. Sumner, her heirs, executors, administrators and assigns, and all persons claiming said premises by root leg, 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 deed or deeds confirmatory of such sale or sales as may be necessary or desirable. And Furthermore, I the said mortgagor, for myself and for my heirs, executors, administrators and assigns hereby covenant with said Industrial Trust Company its successor and assigns that insurance against loss by fire shall be kept and maintained on the buildings or the premises aforesaid in such office or offices at said Industrial Trust Company, its successor and assigns shall appoint, in a sum not less than five thousand ($5000) dollars and that all policies of insurance upon 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 hereby and in default thereof hereby agree that said Industrial Trust

300 Company, its Successor or assigns, may effect such insurance either in its or his or her name, or in the name of said mortgagor their heirs or assigns, and that the premium or premiums paid therefor shall be a further charge upon said granted premises deemed to be these presents as aforesaid. In witness whereof, we have hereunto set our hands and seals this eighteenth day of October A.D. one thousand nine hundred fifteen. Signed, sealed and delivered in presence of Liam Stanton ingalcolm Gunner L.S, Leila Gunner L.S. arcane Haufe 25 State of Rhode Island County of Washington Ss I, Notary on the 18th day of October A.D. 1715* before me personally appeared the above named Malcolm Gunner and Leila H. Gunner, husband and wife each and all to me known, and known by me to be the parties executing the foregoing instrument and severally acknowledged said instrument as theirs executed, to be their act and deed. C. A. Magoon Notary Public L.S Received for record October 25 1915 at 10 oclock A.M. and released by George G. Corell Town Clerk [Vertical text on left margin]: No 21944’s mortgage from Malcolm & Leila Gunner to The New England Fire Insurance Co. of Providence, R.I. voided by payment in full. [Bottom section]: Provident Land Company, Holy mount paid full payment and satisfaction of the note and mortgage given by them with the company of George Shaddell and Paul E. Endicott Mortgage Book Number 18, Page 297 and hereby cancel and discharge the sum. To Lewis Stamp, said Company, has caused President to be signed and the Corporate Seal to be affixed hereunto by the Manager and Asst Manager of the company Lewis Stamp, duly authorized. the 2nd day of Jan AD 1944. Provident Land Company (Seal) Signed and sealed Hans Kendall, Manager in presence of Thomas D. Dette Asst Manager Lester B. Corte Monson B. Bailey