6/26/1961 · MORTGAGE · book 37 page 645 doc 7004@37/645

645 hereby acknowledge, do hereby grant to the mortgagee, its successors and assigns forever, with MORTGAGE COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: That certain tract or parcel of land, together with the buildings and improvements thereon, situated in Charlestown, Rhode Island, in the County of Washington and State of Rhode Island, being shown and delineated as Lot Number Sixteen (16) on that plat entitled, "The White Water Improvements, Charlestown, Rhode Island, B. I. Scale 1 inch equals 50 feet, July 16, 1959, B. A. Emerson, Civil Engineer", recorded in the Charlestown Land Evidence Records, to which the mortgagors hold fee simple and unencumbered title. Being the same premises conveyed to the mortgagors by the deed of The Balne Realty Corporation, with mortgage in said RECORDS; together with the RIGHTS and SUBJECT to the conditions more particularly described therein. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE, provided, however, that the public officer of a foreclosure sale may have said sale advertised in one generally published newspaper in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere as specified in the option of the mortgagee. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND CONDITIONS, a copy thereof having been this day received by the mortgagor, the receipt of which is hereby acknowledged and the tenor of which is known to the mortgagors, and the mortgagors hereby bind themselves and their heirs, executors, administrators, and assigns to the performance of the covenants and agreements are hereby by reference made part of this mortgage, and if default shall be made in the performance or observance of any of hereby by reference made part of this mortgage, it 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 of our right (of dower)[courtesy] and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 23rd day of June, 1961. Executed in presence of Fred Rayner EARL W. BANKS ROSE BANKS INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 21st day of June, 1961, before me personally appeared the above named EARL W. BANKS and ROSE BANKS, to me known by name and be they persons exactly executing the foregoing instrument and acknowledging by them executed to be their free act and deed. MARGARET A. SERRA Notary Public. Received for record June 26th, A. D. 1961 at 9:21 o'clock, a. m., and recorded by [?] Town Clerk DISCHARGE OF MORTGAGE Industrial National Bank of Rhode Island, having received full payment and satisfaction of the within mortgage, recorded in the (Land Evidence) Records in the Town of Charlestown in Book 37, at page 645, does hereby cancel and discharge the same, and demands and to end with the person making said payment that it is the present owner of said mortgage. IN TESTIMONY WHEREOF, said Industrial National Bank of Rhode Island has caused these presents to be signed and its corporate seal to be hereunto affixed by its proper officers or representatives therefore duly authorized, this 26 day of Nov, A. D. 1965. INDUSTRIAL NATIONAL BANK of Rhode Island (Corp Seal) By C. Albert Gibson, C. Albert Gibson, Manager Lillian G. Lee, Lillian G. Lee, Assistant Manager witness: ALMA N. RHODES Discharge received for re-cord November 26, 1965 at 9:15 o'clock, a.m. and recorded by [?] Town Clerk ---- MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, That We, EARL W. BANKS and ROSE BANKS, husband and wife, of Charlestown, Rhode Island for consideration paid, grant to the RALCO REALTY CORP, a corporation duly organized and existing under the laws of the State of Connecticut, and having a place of business in the Town of Westerly, Rhode Island, with MORTGAGE COVENANTS, to secure the payment of ONE THOUSAND NINE HUNDRED FIFTY & 00/100 ($1,950.00) Dollars payable as provided in a certain negotiable promissory note of even date herewith. (Description, and Incumbrances, if any) That certain tract or parcel of land, together with the buildings and improvements thereon, situated in the Town of Charlestown, County of Washington and State of Rhode Island, being shown and delineated as Lot Number Sixteen (16) on that plat entitled, "Columbia Plan, Ralco Realty Corporation Plan No. 1, Columbia Heights, Charlestown, R. I. Scale 1 inch equals 50 feet, July 16, 1959, B. A. Emerson, Civil Engineer", recorded in the Charlestown Land Evidence Records, to which the mortgagors hold fee simple and unencumbered title. Being these premises conveyed to the mortgagors by the deed of mortgagors, recorded in said records; TOGETHER with the rights and SUBJECT to the conditions contained therein. This mortgage is also SUBJECT to a prior mortgage of record to the Industrial National Bank of Providence.