7/24/1961 · MORTGAGE · book 38 page 40 doc 7066@38/40

40 STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly, on the 21st day of July 61, before me personally appeared the above named Russell A. Lemihan, President and Treasurer of the Raljo Realty Corporation, to be known and known by me to be the party executing the foregoing instrument on behalf of said corporation, and he acknowledged said instrument, so executed, to be his free act and deed in his said capacities and the free act and deed of said corporation. Patricia L.S. Collins Notary Public Received for record July 24th, 1961 at 9105 o'clock A.M. and recorded by Jean M Clarke Deputy Town Clerk ---- MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS: That we, JOHN W. FRANKLIN and MARY T. FRANKLIN, husband and wife, of Charlestown, Rhode Island hereinafter called the "mortgagors" in Consideration of Five Thousand One Hundred & 00/100 ($5,100.00) Dollars to us paid by INDUSTRIAL NATIONAL BANK OF PROVIDENCE, a national banking association organizing and existing under the laws of the United States of America, with its principal place of business in the City and County of Providence in the State of Rhode Island, hereinafter called the "mortgagee," the receipt whereof is hereby acknowledged, 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 the Town of Charlestown, County of Washington and State of Rhode Island, being shown and delineated as Lot Number Two (2) on Plat number 611, as drawn by "A.W. Snyder, Civil Engineer", Charlestown, R.I., State 1 inch equals 50 feet, Zone 1959, N.M.A. erson, Civil Engineer", recorded in the Charlestown Land Evidence Records, touch plat reference is made to the said plat. Being the same parce l of land conveyed to the mortgagors by deed of the Raljo Realty Corporation, recorded in said Record Land Evidence with the rights and RESERVATION 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 publication of notice of a foreclosure sale may be made alternatively in a public newspaper published in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere at the option of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this date been received by the mortgagors, the receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown in Book 34, at page 40. Said covenants and agreements are hereby by reference made part of this mortgage, and if default be made in the performance or observance of any of the same, it shall be lawful for the mortgagees 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 right of (dower) & (curtesy) and all other rights, statutory or otherwise, in the aforesaid premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 21st day of July, 1961. Executed in the presence of JOHN W. FRANKLIN MARY T. FRANKLIN FREED RAINER INDIVIDUAL ACKNOWLEDGEMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 21st day of July, 1961, before me personally appeared the above named JOHN W. FRANKLIN and MARY T. FRANKLIN, to me known and known by me to be the parties executing the foregoing instrument and acknowledged said instrument by them to be their free act and deed. PATRICIA L.S. COLLINS Notary Public Received for record July 24th, 1961 at 9:06 o'clock A.M. and recorded by Jean M Clarke Deputy Town Clerk