5/28/1962 · MORTGAGE · book 38 page 342 doc 7434@38/342

342 MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, That we, Edward A. Tyler and Blanche E. Tyler, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island (hereinafter called the "mortgagor(s)") in consideration of Three Thousand Six Hundred ($3,600.00) Dollars, to us paid by PLANTATIONS BANK OF RHODE ISLAND, a banking corporation legally incorporated and established under the laws of the State of Rhode Island, and having its principal place of business in the City and County of Providence in said State, (hereinafter called the "mortgagee"), the receipt whereof is hereby acknowledged, do hereby grant and unto the said mortgagees, 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(s) of even date herewith, the following described real estate: To wit: certain tract of land, with the buildings and improvements thereon, situated in said Town of Charlestown and bounded and described as follows: Beginning at a point on the northerly boundary line of the premises of the New York, New Haven and Hartford Railroad Company, at the southeasterly corner of the premises hereby conveyed and at the southeasterly corner of premises conveyed in a deed dated May 1, 1936; thence running easterly, bounded westerly by the premises of said Edwin J. Sweet et al., a distance of the Hundred Eighty One (181) feet, more or less; thence running northerly, bounded easterly by the premises of said Edwin J. Sweet et al., a distance of the One Hundred Fifty (150) feet, at the northeasterly corner of those premises hereby conveyed thence running easterly, bounded northerly by said northeasterly line of a distance of One Hundred Fifty (150) feet to a point on the northerly boundary line of said Railroad Company; thence running southerly, bounded easterly by the northerly boundary line of said Railroad Company, said line returning bent One Hundred Thirty (130) feet (lee) easterly from a point on the southerly boundary line of said Railroad Company to the point of beginning; thence running westerly, a distance of One Hundred Ten (110) feet to the point of beginning. Being the same premises conveyed to these mortgagees by deed of Frank E. Sweet et al., dated April 20, 1946, and recorded in Book 33 at p. 462, and by deed of P. S. Pott et al., 470, and their deed dated April 6, 1953, and recorded in Book 33 at p. 466, including well and water-pipes easements; subject to right-of-ways, conditions and restrictions provided in said deeds and in a deed dated April 20, 1946, and recorded in Book 33 at p. 462, and granting them the rights to lay water-pipes and similar easements, all of which reciprocal easements and privileges are incorporated herein by reference. This mortgage is made subject to the STATUTORY CONDITIONS and with the STATUTORY POWER OF SALE provided, however, that the mortgagee may, at any time prior to the acceleration of the options in the Mortgage be published in the City of Providence, in said State, in a newspaper published in the City of Providence, and may sell at the options of the mortgagee either as provided in the statute or otherwise as specified in said notice. This mortgage is further subject to those additional covenants and agreements contained in an instrument entitled "Loan Agreement" dated May 18, 1962, a copy having this day been delivered to the mortgagor(s), the receipt whereof is hereby acknowledged, and the terms of which are as written and recorded in the Mortgage of the land hereby mortgaged, and which shall be in full force and effect, said covenants and agreements are hereby made a part of this mortgage by reference and if default shall be made in the performance or observance of any of said covenants and agreements, the same shall be held for purposes of acceleration as a default hereunder and an agreement to said STATUTORY POWER OF SALE as supplemented by this instrument. And for the consideration and aforesaid, said mortgagees interchangeably in estates of each other do hereby release all their rights of owner(s)(curtier) in and to the said granted premises unto the said mortgagees, its successors and assigns, FOREVER. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 18th day of May in the year of our Lord one thousand nine hundred and sixty-two. Edward A. Tyler (S'l) Blanche E. Tyler (S'l) Executed in presence of Emmanuel J. Lauria INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 18th day of May, 1962, before me personally appeared the above named Edward A. Tyler and Blanche E. Tyler, husband and wife, both to me now and known by me to be the parties executing the foregoing instrument acknowledged and acclaimed said instrument by them executed to be their free act and deed. Emmanuel J. Lauria Notary Public Received for record on May 28th, 1962 A. D. at 3:31 o'clock P.M. and recorded by [Signature] Deputy Town Clerk