7/16/1962 · MORTGAGE · book 38 page 404 doc 7507@38/404

404 KNOW ALL MEN BY THESE PRESENTS, that We, Frank Crompton and Marion E. Crompton, 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 Six Thousand ($6,000.00) 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 thereof is hereby acknowledged, do hereby grant and convey unto the said mortgagees, its successors and assigns, forever, with MUTUAL COVENANTS, to secure the payment of the principal and interest of a certain promissory note of the mortgagor(s) s an event date herewith, the following described real estate: Those certain tracts or parcels of land, together with the buildings and other improvements thereon, situated in the Town of Charlestown, County of Washington and State of Rhode Island, and further described and described as follows: FIRST PARCEL beginning at the southeasterly corner thereof, onsite the northerly side of the Old Post Road abutting the School House lot, southerly thence the northerly side of the wall thence west- erly 70 feet thence southerly 110 feet to the northerly side of the road 115 feet to the northerly side of the boundary extending easterly by said School House lot, northerly by the boundary forever of Edward S. Crumh, westerly by the Second Parcel, northeasterly border described by the Summary to the first point. SECOND PARCEL beginning at the southeasterly corner of the First Parcel, hereinafter described, thence westerly bounded southerly by a wall 110 feet to the northerly side of the road or less, to a fence; thence northerly with following the line of said fence and bounded westerly by land formerly of Stephen S. Olney to the First Parcel formerly of Frank Crompton 110 feet to the northerly side of the road’s edge Land and to the First Parcel hereinafter described thence southerly, bounded easterly by said First Parcel to the point and place of beginning or closure thereof. THIRD PARCEL beginning at a point on the northerly side of the Old State highway, at the southerly corner of land formerly of Henry S. Charlotte F. Brightman; thence running northerly 90 feet, thence east, or near, lining that side of the boundary forever of Henry S. Charlotte F. Brightman running northerly 10 feet to a stone bound set in the ground; thence running southerly 90 feet 5 inches to a stone bound set in the ground on the boundary forever of Henry S. Charlotte F. Brightman, thence westerly 90 feet to the point of beginning, aforesaid, easterly by lands formerly of Henry S. Charlotte F. Brightman, northerly by land formerly of Lifts E. Brightman and westerly by land T. That's all. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE as follows, that notice of the time and place of foreclosure sale may at the option of the mortgagee be published either as provided by statute and by said STATUTORY POWER OF SALE or by posting a notice in the City of Providence, 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 stipulated by a foreclosure sale. This mortgage is also subject to those additional covenants and agreements contained in an instrument entitled "ADDITIONAL COVENANTS OF MORTGAGORS OF PLANTATIONS BANK OF RHODE ISLAND" a copy thereof having this date been received by the mortgagors and the receipt thereof is hereby acknowledged, and such Additional covenants are recorded in the Land Evidence in said Charlestown in Mortgage Book 38, page 40. Said additional covenants and agreements are hereby made a part of this mortgage and are incorporated herein by reference. If the premises shall be sold under the said agreements, it shall be lawful for the mortgagees to sell the above described premises pursuant to said STATUTORY POWER OF SALE as supplementary by this instrument. And as for the consideration aforesaid, we, said mortgagors do hereby release all our rights of owner(s) (curtesy) 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 10th day of July in the year of our Lord one thousand nine hundred and sixty-two. FRANK CROMPTON MARION E. CROMPTON Executed in presence of Robert D. Mitchell INDIVIDUAL ACKNOWLEDGEMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 10th day of July, 1962, before me personally appeared the above named Frank Crompton and Marion E. Crompton, husband and wife, to me and known by me and known by me to be the parties executing the foregoing instrument and acknowledged said instrument by them executed to be their free act and deed. THOMAS J. CAPAIO Notary Public Received for record July 16th, A. D. 1962 at 9:05 o'clock, a. m., and recorded by [?] Town Clerk Old Stone Savings Bank Assigns of Plantations Bank of Rhode Island, having received full payment and satisfaction of the within mortgage, recorded in the Land Evidence records of the Town of Charlestown in Mortgage Book 38 at page 404 does hereby cancel and discharge the same. IN TESTIMONY WHEREOF, said Company has caused these Presents to be signed and its Corporate Seal to be hereunto affixed its witness its President and duly authorized, this 3rd day of January A. D. 1973. OLD STONE SAVINGS BANK AS ASSIGNS OF PLANTATIONS BANK OF RHODE ISLAND Signed and sealed in presence of By THOMAS P. RICARDO, R. SULLIVAN Grace L. [?], Assistant Vice President (Seal) Received for record, January 22nd A. D. 1973 at 9:50 o'clock A.M. and recorded by [?] Assistant Town Clerk