The instrument's own words
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KNOW ALL MEN BY THESE PRESENTS, That BEAVER HOMES INC., a corporation established under the laws of the
State of Rhode Island (hereinafter called the "mortgagor(s)") in consideration of TEN THOUSAND (10,000.00) DOLLARS
to be paid by PEOPLE'S SAVINGS BANK IN PROVIDENCE, a mutual savings bank 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 convey unto the said 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(s) of even date herewith,
and to secure the payment and performance of any and all other present and future indebtedness and obligations,
primary or contingent, direct or indirect, secured or unsecured, of the mortgagor(s) and/or any other person's liability
on said note and of the successor(s), if any, in the title of the hereinafter described premises, or any of
them, to the mortgagee, its successors or assigns, in accordance with the time and manner of payment and/or
performance of said indebtedness and obligations, the following described real estate:
That lot of land with the buildings and improvements thereon situated on the northeasterly
side of Grove Street that is a part of the plat of the subdivision, known as the Town of Charlestown,
in the State of Rhode Island, laid out and delineated as Lot No. 10 (ten) on that plat entitled,
"GOODSON'S PARK" as shown on a plat map drawn by S. S. Goodson, Proprietor of Glen S. Goodson,
Goodson Platted, July 1961, W. N. Masterbrook, ex Civil Engineer" recorded in the Records of Land
Evidence i said Town, June 1961, of Charlestown, in Book 34 at page 63 a Plat map is attached.
Said lot is further bounded and described as follows: Beginning at the westerly corner of said lot
at the easterly corner of Grove Street and a line running thence northeasterly bounding north-west
westerly on said Grove Avenue one hundred (100) feet (100) to Lot No. 11 [eleven] on said plat; thence
turning an interior angle of 90° and running thence northerly bounding north-easterly on said lot
one hundred feet (100) running north and lot line of Benjamim G. Cavity; thence turning an interior
angle of 90° and running thence easterly bounding northerly on said lot one hundred (100) feet to a
fifteen (15) feet to said Cross Street and thence turning an interior angle of 90° 21' 59.5" and
running northeasterly bounding easterly on said lot one hundred (100) feet or until it meets the line of
fifteen (15) feet to the beginning, the last described line forming an interior angle of 90° 38' 9" with
the first described line.
Subject to restrictions set forth or referred to in title deeds and/or easements granted in deed from
Glen S. Goodson and wife Mildred S. Goodson to Beaver Homes Inc., dated January 4, 1962 and recorded
in Book 38 at page 321 of said evidence.
Together with all heating equipment, gas and electrical fixtures and equipment screens, storm windows
and doors and curtain rods screen windows and doors now or hereafter attached to, or used in connection
with, the above-described premises, all of which shall be deemed to be and remain and form part of the
realty so conveyed by this instrument.
This mortgage is made upon the STATUTORY COVENANT and with the STATUTORY POWER OF SALE provided,
that notice of the time and place of a foreclosure sale may at the option of the mortgagee be published either
as provided by law or by inserting a notice of such sale in a newspaper published in the City or County in the
State of Rhode Island, and that a foreclosure sale may at the option of the mortgagee be held either upon the
premises or elsewhere as specified in said notice.
This mortgage is further subject to the additional covenants and agreements contained in an instrument
entitled "ADDITIONAL COVENANTS OF MORTGAGEES OF PEOPLE'S SAVINGS BANK IN PROVIDENCE," a copy thereof
having been delivered to the mortgagor(s), the receipt whereof is hereby acknowledged, the last named instrument
of which will be recorded in the land evidence records of said Town of Charlestown in Mortgage Book 37, at
page 202. Said additional covenants and agreements are hereby made a part of this mortgage by reference and
all thereof shall be binding. And the mortgagee and the mortgagor(s) agree that said covenants and agreements
be lawful for the mortgagee to all the above described premises pursuant to said STATUTORY POWER OF SALE as
supplementary to this instrument.
IN WITNESS WHEREOF this 5th day of the June in the year of our Lord One thousand nine hundred and sixty two
(1962), said Corporation has caused the present these to be signed and its Corporate Seal to be hereunto affixed
by its proper officers, duly authorized.
Executed in presence of
John W. Steele
BEAVER HOMES INC., (Corporate Seal)
By: Glen S. Goodson, Treas.
STATE OF RHODE ISLAND
COUNTY OF PROVIDENCE
In Providence on the 5th day of June A. D. 1962 before me personally appeared the above named Claus F.
Goodson, Treasurer of Beaver Homes Inc. to me known and known by me to be the person executing the foregoing
instrument for and in behalf of said grantor corporation, and he acknowledged said instrument, by his executed
in his capacity to be his free act and deed and the free act and deed of the grantor corporation.
JOHN W. STEELE
Notary Public
Received for record June 6th, A. D. 1962 at 9:46 o'clock, a.m., and recorded by
[Signature]
Town Clerk
The page as recorded
