The instrument's own words
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MORTGAGE DEED
Raymond P. Madison and Lydia K. Madison, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island for consideration paid, grant to Margaret B. Squier, her heirs and assigns, of the Town of Charlestown, County of Washington and State of Rhode Island Island, with MORTGAGE COVENANTS, to secure the payment of nine hundred and fifty dollars ($950.) as provided in certain promissory note of even date herewith.
(Description, and Incumbrances, if any)
We, Raymond P. Madison and Lydia K. Madison, jointly and severally promise to pay Margaret B. Squier the sum of nine hundred and fifty dollars ($950.) plus interest at 6% on the unpaid balance, with the payments made as follows: Fifty dollars ($50.) to be paid on December 1, 1962 and the sum of one hundred dollars ($100.) plus interest on December 1st of each and every year thereafter, until the full amount is paid.
The makers shall have the privilege of making additional payments or payment of the entire unpaid balance at any time.
That certain real estate situated in Charlestown, Rhode Island, described as follows: in fee simple.
That tract or parcel of land in the Town of Charlestown, County of Washington state of Rhode Island, laid out and designated as Lot Number 61 on that plat entitled "Charlestown-by-the-Sea, owned and developed by Thomas P. Kelly, located in Charlestown, Rhode Island, Scale 1" = 100 feet, dated July 25, 1934, by L. Leighton, E. A. New Haven, Conn." which said plat is filed in the office of the Town Clerk for said Charlestown.
Meaning and intending to convey the premises conveyed to grantors by deed from Leonard K. Squier and Margaret B. Squier on April 27, 1962.
Said conveyance is subject to restrictions of record.
Said conveyance carries with it all rights and privileges appurtenant to the conveyed property.
This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE.
Said mortgage our hands this 2nd day of May 1962.
RAYMOND P. MADISON
LYDIA K. MADISON
WITNESS our hands this 2nd day of May 1962.
In presence of:
Fred Reagan
STATE OF RHODE ISLAND, ETC.,)
County of Washington )
ss.
In Westerly on the 2nd day of May, 1962 before me personally appeared Raymond P. Madison and Lydia K. Madison to me known and known by me to be the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed, to be their free act and deed.
MARGARET A. SERRA
Notary Public
Received for record May 11th, A. D. 1962 at 9:12 o'clock, a. m., and recorded by [?] Town Clerk