7/18/1961 · MISC · book 38 page 21 doc 7042@38/21

21 Bathhouse land, a distance of 175 feet, more or less, until it comes to the northerly boundary line of the Town Highway that leads easterly from the State Highway, commonly known as the Route 1 Highway until it comes to the junction of said Town Highway and said State Highway; bounded then northerly by said Town Highway until it comes to the junction of said Town Highway and said State Highway; bounded then easterly running northerly, bounded easterly by said Town Highway until it comes to the southeasterly boundary of said Jackson land; bounded then easterly running again easterly, bounded northerly by said Jackson land, a distance of 200 feet, more or less, to the southeasterly corner of said Jackson land; bounded then southerly running easterly, bounded northerly by said Bathhouse land, a distance of 200 feet, more or less, to the point and place of beginning of, wherever otherwise the same may be bounded or described. The aforementioned premises being a portion of the premises conveyed by deed of Grafton M. Wilson and Maxine T. Wilson to those of the same name, dated 1953 and recorded in the Records of Land Evidence, town of Charlestown, Book No. 37 at Pages 345-349. WITNESS our hands this 18th day of July, 1961. WALLACE E. BURDICK GLENNA M. BURDICK (DOCUMENTARY STAMPS, $7.85) STATE OF RHODE ISLAND ) County of Washington ) In Charlestown, on the 18th day of July, 1961, before me personally appeared Wallace E. Burdick and Glenna M. Burdick, husband and wife, both to me known and 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. LINTON L. BROWN Notary Public Received for record July 18th, A. D. 1961 at 11:30 o'clock, a. m., and recorded by [Signature] Town Clerk ---- ADDITIONAL COVENANTS OF MORTGAGORS OF WESTERLY COMMUNITY CREDIT UNION All persons and corporations (hereinafter called the "mortgagors") who execute and deliver to Westerly Community Credit Union, of Westerly, Rhode Island, (hereinafter called the "mortgagee") a mortgage or mortgages, covering property owned by them, in addition to all the rights, agreements, covenants set forth or referred to in said mortgage or mortgages, in the note or notes securing said mortgage or mortgages, the following agreements and covenants, which are referred to in, and are by reference made part of any mortgage made by them to the mortgagee. The undersigned mortgagors hereby agree 1. To pay promptly when due all taxes, assessments and sewer rate assessments, and sums of every kind heretofore or hereafter assessed or imposed upon or in respect of the mortgaged property or upon said mortgage, in respect of said mortgage or mortgages, and all premiums for insurance maintained upon said property. 2. To keep the mortgaged property insured against loss or damage by fire and other hazards, and in such amounts and forms, and in such Company or Companies, as the mortgagee may from time to time find satisfactory, the policies of insurance to be assigned to the mortgagee and delivered to the mortgagee in case of loss to, and delivered to the mortgagee as collateral security for said note, and if the mortgagors fail to provide such insurance, the mortgagee may at its option, and at the cost of the mortgagors, effect such insurance, and if the mortgagors fail to repay such premiums to the mortgagee on demand, the same shall be added to the sums secured by said mortgage and bear interest at the rate provided in said mortgage. 3. The mortgagors hereby irrevocably appoint the mortgagee their attorney, in their name, but not in the uncontrolled discretion of said mortgagees, at the option of the mortgagees, to demand, sue for, compromise, and collect any and all losses which may occur under any insurance policy or policies on the mortgaged property, and to apply any proceeds thereof, first to the cost of replacing or restoring the damaged buildings and improvements; and to apply any balance thereof to the cost of replacing or restoring the damaged buildings and improvements; and to apply any balance thereof remaining to the mortgagees. In case of foreclosure under said mortgage, all right, title and interest of the mortgagors in any such insurance policy, or in any proceeds, claims, sums or dividends thereon, shall pass to the mortgagee, to be applied by it on account of the mortgage and indebtedness and any surplus paid over as a surplus to the mortgagors. 3. To keep the interior and exterior of all buildings and other improvements upon the mortgaged premises in good and workmanlike condition and repair, and to make no structural change or alteration thereto without the prior written consent in writing of the mortgagees has been first obtained. 4. To permit the mortgagee, and its officers, agents and servants, at reasonable times to enter upon and inspect the mortgaged property; and if, in the opinion of the mortgagee, the security of said mortgage is impaired, unnamed, then, at its option, make repairs, and the costs of said repairs shall become a part of the indebtedness hereby secured.

22 5. In case the mortgagors shall be declared bankrupt or shall make an assignment for the benefit of creditors or in case they or the mortgaged property shall be placed in the custody or under control of any court, or if said mortgaged property shall be attached or liened and said attachment or lien shall not be removed, within thirty (30) days after the date of such attachment or lien, or the date of such bankruptcy or assignment, then, in any of such events, the mortgagee is hereby authorized and empowered at its option, without notice and without delay, and before the life estate in the mortgaged property is terminated, or any other right of the mortgagee, to declare immediately due and payable all sums secured by said mortgage. 6. In case the title or right to possession or all or any part of the mortgaged property shall for any reason be taken from the mortgagors, or in case rentals or any part thereof arising from said property shall be assigned without the written consent of the mortgagee, then said mortgage, or any part of it, may be set off, immediately declare the entire mortgage debt due and payables provided, however, that leasing or rental of the premises to others shall not be deemed to fall within the last named contingency or the meaning of this covenant. 7. Whenever used herein, the terms mortgagors shall be construed to refer to the mortgagors, its successors or assigns; the term mortgagees shall be construed to refer to the mortgagors or mortgagors, their heirs, assigns, executors, administrators, successors and assigns and the term mortgaged property or the premises or the property shall be deemed to refer to the singular, wherever the circumstances shall require or permit and the terms "property" or "premises" shall be deemed to include the land and all the improvements thereon and shall be construed to include cover personal property as well as real estate to the extent that the same is included in the mortgaged premises. Dated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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