The instrument's own words
page 1
Know all men by these presents that I John
Robinson of New London town of Richmond in the county of Washington and
State of Rhode Island called the mortgagor in consideration
of the sum of fifteen hundred (1500) dollars to be paid by the Federal
Land Bank of Springfield a corporation established under the laws
of the United States of America and having in several states its offices
established in the county of Hampden and com nor residents of
Massachusetts in council and said sum was received under loan (hereinafter
called the mortgage) the estate of which is every year increased
do hereby grant sell and convey sole and convey unto the said
mortgagee and its successors and assigns forever all that piece
with the privileges and appurtenances thereunto belonging situated in the
town of Richmond in the county of Washington in the state of Rhode
Island bound on the east on a piece of
land of mine with all buildings and improvements thereon which had
in the field of December 1790 county of Washington and State of
Rhode Island containing by measurement about 50 acres and
and one piece with a boundary building with and with the river
and any way and a way in my way along the river
from the frosting from the road and boundary running on the north
partly by land of some person of said town’s boundary and partly
by day and now so formally by 17 feet 6 inches perches in the north line and now
now so formally of five feet four inches of the south line and now
so formally of five feet 11 inches perches in the south line by quest North
50 east eleven feet and now so formally of thirteen feet
88 feet whereas those in the south and partly and of wind
Charles P 17 feet while it comes to the edge of highway
at the settlement and until it arrives along the same
premises conveyed by my deed of selling description to John Robinson
dated February 17 1795 and executed in the presence of said
residents to me and now so formally in 45 feet a piece
To have and to hold the aforesaid premises with
all the privileges and appurtenances thereunto in perpetuity
unto and to the use of the said mortgagee and its successors
and assigns forever and the said mortgage broker says
hereby for myself and for my heirs executors and administrators
covenant with the said mortgagee and its successors and
assigns that he is lawfully and by right the sole owner of the said
premises that the same is free from all
encumbrances that he has good and full power and
lawful authority to sell and convey the same in manner
as aforesaid that the said mortgage and its successors
and assigns shall quiet enjoy the same without any interruption what so ever
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hereafter peaceably and quietly have and enjoy the said premises; and
that the said mortgagor will, and his heirs, executors and administrators
shall, warrant and defend the same to the said mortgagee and its
successors and assigns forever against the lawful claims and
demands of all persons whomsoever. And for the consideration
aforesaid, I, Sadie M. titration, wife of said William P. titration hereby
release all my right of tenure in and to the said granted premises
unto the said mortgagee and its successors and assigns forever,
Provided, however, that this conveyance is made upon the
following conditions, that if the said mortgagor or his heirs, executors,
administrators or assigns, shall pay unto the said mortgagee or
its successors or assigns, the sum of fourteen thousand (14,000)
dollars with interest thereon at the rate of five and one half
per centum (5 1/2%) per annum, in accordance with the terms of
a mortgage promissory note made by the said mortgagor bearing
each date with these presents and made payable to the over
of said mortgagee, provided that the principal sum and interest are
made payable semi-annually on announcements known as therein
provided, all default payments to be interest at the rate
of six and one quarter (6 1/4%) per annum until paid; provided however,
that after five years from the date hereof the said mortgagor, his
heirs, executors, administrators or assigns upon any regular
interest payment date may make additional payments in sums of
twenty five dollars ($25.00) or any multiple thereof for the
reduction of the principal of the mortgage debt or may pay
the entire principal of the mortgage debt then remaining due;
shall also pay all taxes, liens, judgments and assessments
of every kind lawfully levied or assessed upon or in respect
of said granted premises or on any tenant thereon, or on
the debt secured herewith, shall attend equally for the
purpose set forth in the application for this loan, heretofore
filed with said Bank, the whole of said loan received by
the mortgagor as consideration for this mortgage; and shall
not commit nor suffer any strip or waste of the granted
premises or any breach of any covenant herein contained.
Then this deed, declares said Promissory note, shall become
and be absolutely void to all intents and purposes whatsoever.
But if default shall be made in the payment of any
semi-annual payment at the time or times and in the
manner aforesaid, or of the taxes, liens, judgments or
arrears aforesaid as the same become payable, or
of any, or either of them, or of any part thereof, or if
breach shall be made of the covenant for insurance.
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hereinafter contained or of any other condition or covenant of this
mortgage, then I shall be lawful for the said mortgagee, its successors
or assigns, to sell together or in parcels, all and singular the premises
hereby granted or intended to be granted or any part or piece thereof,
and the benefit and appurtenances of description of the said mortgage and
his heirs, executors, administrators and assigns therein, if liable
actions upon the premises, and to bid for and cause the purchaser or
purchasers at any such sale (and no other purchaser or purchasers
shall be amenable 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 public newspaper published in Washington county,
with power to adjourn such sale from time to time, provided
that the publishing of said notice shall be continued, together
with a notice of the adjournment or adjournments of court
once each week in the same newspaper, and in its or their
own name or names or as the attorney or attorneys of the said
mortgagee, or for that purpose such other fully authorized
and appointed with full power of substitution and revocation,
to make specie, execute and deliver to the purchaser or purchasers at
such sale, a good and sufficient deed or deeds of said premises
in fee simple, and to apply the proceeds of such sale or sales,
and from such proceeds to pay all sums then lawfully recovered,
notwithstanding then due or to fall due thereafter, or in the part thereof
then remaining unpaid, and also the interest due on
the same, together with all expenses incurred in suit to such sale
or sales, or for making deeds hereunder, and for fees of
counsel and attorney, and all costs or expenses incurred
in the pursuit of their powers, and all taxes, liens, judgments,
assessments and premiums for insurance if any, either
therefrom paid by the said mortgagee its successors or assigns,
or then remaining unpaid, upon said granted premises,
reserving and paying the surplus of said proceeds of sale,
if any there be, onto and above the amounts to be retained
as beforehand, together with true and particular account
of which sale or sales, expenses and charges to the said
mortgagee his heirs, executors, administrators or assigns,
which sale or sales made as aforesaid shall forever be a
perpetual bar both in law and equity against the said
mortgagee his heirs, executors, administrator and
assigns, and all persons claiming said premises, as
such by, from or under them or any of them, and
it is expressly understood and agreed that in case of
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default in the payment of any of said semi-annual payments
hereby secured, or in case of default in the performance or
observance of any condition or covenant herein contained on the
part of the said mortgagor, his heirs, executors or administrators, to be
performed or observed, the whole of said statement of purchased
hereby secured may be made immediately due and payable at
the option of the said mortgagee, its successors or assigns, by
a notice in writing to that effect delivered to the said mortgagor,
or his executors, administrators or assigns, or deposited in the
mail, postage prepaid, addressed to said mortgagor or to his
executors, administrators or assigns, at Kezy In, R.I., or his
last known place of business or abode. And I the said
mortgagor, for myself and for my heirs, executors, administrators
and assigns, hereby covenant with the said mortgagee and
its successors and assigns, that I and they will upon request
execute such deed or deeds confirmatory of paid sale or sales
as may be required. And further moreover, the said
mortgagor, for himself and for his heirs, executors, administrators
and assigns, hereby covenant with the said mortgage and
its successors and assigns, that insurances against loss by
fire and other casualties and contingencies usually acquired
for the holder hereof shall be kept and maintained on the
buildings on the premises aforesaid in a sum and form and
with companies always satisfactory to the mortgagee, its
successors or assigns, all policies on the property to be for
the benefit of said first party payable in case of loss to and
theft always be pledged with the said mortgagor, its successors
or assigns, which policies, in the event of foreclosure of this
mortgage, shall become the property of and belong to the
said mortgagee, its successors and assigns, with full
authority as attorneys irrevocable of the mortgagor, his heirs,
executors, administrators and assigns to assign and transfer
the same in its own name in its own discretion, and in default thereof.
Hereby agree that the said mortgage or its successor or
assigns may effect such insurance in the name of said
mortgagor, his heirs and assigns, payable in case of
loss to the said mortgagee, its successors or assigns, and
that the premium or premiums paid therefor shall
be a further charge upon said premises secured
by these presents. In case the said mortgagor, or his heirs,
executors, administrators or assigns shall fail to pay
when due all taxes, liens, judgments and assessments
the said mortgagee, its successors or assigns may pay
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the same and add the amount so paid, including all costs and
expenses connected therewith, to the amount of the note secured hereby,
and the amount so paid shall be a further charge upon said granted
premises secured by these presents, and shall bear interest at the rate of
six per cent (6%) per annum until paid. This mortgage is subject
to the provisions of the Federal Land Bank loan act, approved July 12 1916.
In witness whereof we have hereunto set our hands and seals this
9th day of March in this year of our lord one thousand nine hundred
and twenty (1920)
Signed and sealed in presence of
"Colorado" J. Hill John P. Pitronen L.S.
Alice M. Pitronen L.S.
State of R. Island ss
County of Providence ss
On this presence on the ninth day of March A.D. 1920
before me personally appeared the above named mortgagors John
Pitronen and Alice M. Pitronen, his wife, both of them to me known
and known by me to be the parties executing the foregoing instrument
and acknowledged said instrument by them specified, to be their
free act and deed.
Marlon R. Polston
Notary Public
Received for record March 13th 1920 at 8 15 o'clock AM
and recorded by George A. Cross Town Clerk
For discharge of above mortgage, see Book 25 Page 261.
The page as recorded
