7/18/1961 · MORTGAGE · book 38 page 26 doc 7047@38/26

26 MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, that We, FRANCIS A. PAULL and CHARLOTTE L. PAULL, 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 WESTERLY COMMUNITY CREDIT UNION, a corporation created under the laws of the State of Rhode Island and having a place of business in the said Town of Westerly, hereinafter called the Mortgagee, with MORTGAGE COVENANTS, to secure the payment of SIX THOUSAND and 00/100 ($\text{6,000.00}$) DOLLARS in Fifteen (15) years with interest at Five and one-half ($\text{5}\frac{1}{2}$) per centum per annum, payable monthly, provided in a certain negotiable promissory note of even date herewith, that certain lot or parcel of land, together with the buildings and improvements now or hereafter erected thereon, including any portable or semi-portable buildings, all screens, storm doors and windows, storming, eaves, heating, plumbing, gas and electric fixtures, boilers, air conditioning units, and other equipment of whatever kind necessary or incidental to the property or use thereof, now located on or hereafter placed upon said premises, prior to the full payment and discharge of this mortgage, all of which are declared to be part of the realty, situated in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows, to wit: Shown and delineated as Lot No 38 (thirty-eight) on that certain plan or plat entitled "Westerly's plan FREEHOLD ACRES House No. 1, S. Charlestown, R.I., Scale 1 in = 100 ft." dated June 3, 1961, H. A. Emerson, Civil Engineer," and filed in the Office of the Town Clerk of said Town of Charlestown, R.I., in Book 38, Page 25. Said Lot No. 38 is bounded as follows: NORTHERLY : by Lot No. 37, as shown on said plat, a distance of 232.99 feet; EASTERLY : by Center Street, as shown on said plat, a distance of 125.00 feet; SOUTHERLY : by other land of George S. Short and Gladys A. Short, as shown on said plat, a distance of 266.97 feet; and WESTERLY : by Lakeshore Drive, as shown on said plat, a distance of 125.00 feet. Meaning and intending to mortgage the same premises conveyed to the Mortgagors herein, in and by the Warranty Deed of George S. Short and Gladys A. Short of even date herewith as will appear of record in the Land Evidence records of said Town, in Book [?], Page [?], to which deed and the record therefore of reference hereby is had and made. Together with all rights of way, rights, easements, privileges and subject to all reservations, restrictions and conditions as appear of record in title deeds. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE provided, however, that a foreclosure may be held upon the premises or elsewhere at the option of the Mortgagee, as specified in notice of such sale. This mortgage is made subject to those additional agreements and covenants contained in that instrument entitled, "ADDITIONAL COVENANTS OR MORTGAGES OF WESTERLY COMMUNITY CREDIT UNION," executed herewith by the mortgagors, a copy of which has this day been received by the mortgagors, the exact terms of which are on record in said Town of Charlestown, R.I., in the Land Records thereof in Book No. 38 at pages 21-22. Said agreements and covenants are by reference made part of this mortgage, and if default shall be made in the observance or performance of any of the same, 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 mentioned, We, the said Mortgagors release to the Mortgagee all our right of curtesy and dower and all other rights and/or interest, statutory or otherwise in the aforementioned premises. WITNESS our hands this 14th day of July, A. D. 1961. FRANCIS A. PAULL CHARLOTTE L. PAULL STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly, on the 14th day of July, A. D. 1961, before me personally appeared FRANCIS A. PAULL and CHARLOTTE L. PAULL, 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. CHARLES F. TRUMPETTO Notary Public Received for record July 18th, A. D. 1961 at 2:25 o'clock, p. m., and recorded by [Signature] Town Clerk For Discharge of Mortgage see Book 46 at page 288.