5/3/1962 · MORTGAGE · book 38 page 307 doc 7390@38/307

307 MORTGAGE DEED KNOWN ALL MEN BY THESE PRESENTS: That we, RAYMOND P. MADISON and LYDIA K. MADISON, husband and wife of Westerly, Rhode Island hereinafter called "the mortgagors," in consideration of Seven Thousand Five Hundred & 00/100 ($7,500.00) Dollars, to us paid by INDUSTRIAL NATIONAL BANK of Rhode Island, a national banking association organized and existing under the laws of the United States of America, with its principal place of business in the County and Province of 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 or event date herewith and bearing the serial number hereof, the following: Two (2) certain lots or parcels of land, together with all buildings and improvements thereon, situated in the Town of Charlestown, County of Washington and State of Rhode Island, being shown and described on a map numbered One Hundred Nine Fourteen (914) and One Hundred Fifteen (115) on that certain map or plat entitled, "Map of Charlestown by the Rhode Island Department of Public Works, compiled by T. Frank R. Reilly, State E. 1-100", E. W. Leighton, C. E., New Haven, Conn., said date July 25, 1936a, said plat being filed in the Town Clerk's Office in said Town of Charlestown; said tracts together form one combined parcel as follows: Northerly by Lot number 136 on said plat early parallel to the shore line of Allen Cove (part of Green Mill Pond), as shown on said plat and southerly by Lot number 133, as shown on said plat and easterly by the center line of Shore Drive, as shown on said plat. And for the above named premises conveyed to the mortgagors by deed of Henry J. Heirendt et al, recorded in the Charlestown Land Evidence Records; TOGETHER with all rights and privileges appurtenant and SUBJECT to all restrictions and conditions of record. 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 day been received by the mortgagor, the receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown Book 34, at page 40. Said covenants and agreements are hereby made part of this mortgage, and if default shall be made in the performance or observance 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, we, said mortgagors, release to the mortgagee all right of (dower)4(curtesy) and all other rights, statutory or otherwise, in the aforesaid premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 2nd day of May, 1962 Raymond P. Madison Lydia K. Madison Executed in presence of Fred Rayner INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 2nd day of May, 1962 before me personally appeared the above named RAYMOND P. MADISON and LYDIA K. MADISON, to me known and by me to be the parties executing the foregoing instrument and acknowledged said instrument by them executed to be their free act and deed. Harold B. Soloveizik Received for record May 3rd, A. D. 1962 at 8:56o'clock A. M. and recorded by [Signature] Town Clerk 308 (SEE PAGE 308 FOR DISCHARGE OF ABOVE MORTGAGE)