7/31/1962 · MORTGAGE · book 38 page 421 doc 7526@38/421

421 MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, That We, FREDERICK C. ENNIS and ELLEN F. ENNIS, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island, hereinafter called the Mortgagors, for consideration paid, grant to WESTERLY COMMUNITY CREDIT UNION, a corporation created under the laws of the State of Rhode Island and having a place of business in the said Town of Westerly, hereinafter called the Mortgagee, with MORTGAGE COVENANTS, to secure the payment of SEVENTY-FIVE THOUSAND AND ONE HUNDRED DOLLARS ($75,000.00) Fifteen (15) years with interest at Six (6%) per centum per annum, payable monthly, provided as principal: a certain negotiable promissory note of even date herewith, Two certain tracts or parcels of land, together with the buildings and improvements now or hereafter erected thereon, including any portable or sectional buildings, all screens, storm doors and windows, awnings, stores, heating and plumbing gas, and electrical fixtures, oil burners, car oiling equipment and utilities, other and equipment of whatever kind necessary or incidental to the property or use thereof, now or hereafter on located or placed herein and said utilities, prior to the full payment and discharge of this mortgage, all of which are declared to be part of the realty, situated in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows, to wit: FIRST TRACT: Commencing at a rectangular stone set in the ground at the northeasterly corner of said tract, at a point approximately fifty (50) feet easterly from the westerly line of property now owned by formerly of Arthur L. and Mary E. [?] and continuing thence in a straight line southeasterly in a straight course a distance of 125 feet, bounded north by Arthur S. Ennis and Sonia B. Ennis and Iona B. Ennis land to a rectangular stone set in the ground; thence in a general easterly direction to a stone set in the ground; thence a distance of 250 feet to a rectangular stone set in the ground; thence in a general westerly direction to a stone set in the ground; thence a distance of 125 feet to a rectangular stone set in the ground at the sum of datum; thence a point approximately fifty (50) feet easterly from the westerly line of said datum, to a stone set in the ground; thence a distance of 125 feet, bounded north by Arthur S. Ennis and Sonia B. Ennis and Iona B. Ennis land to a point approximately fifty (50) feet easterly from the westerly line of property now owned by Arthur S. Ennis and Iona B. Ennis land a distance of 250 feet to a rectangular stone set in the ground at the point and place of beginning. Together with a open and apparent right-of-way which leads from Narrow lane, so called, in a general southerly direction, to the above described tract, and the right to maintain and keep said right-of-way in repair for the benefit of the premises herein conveyed, running to the mortgagors, their heirs and assigns forever. Meaning and intent to convey the same premises conveyed to the Mortgagees herein, and in by the Warranty Deed of Arthur S. Ennis and Iona B. Ennis to the Mortgagors recorded in the Land Evidence Records of Charlestown, R. I., in Book No. 38 Page 420, subject to a agreement as well as appurtenances of rights in said deed of Arthur S. Ennis and Iona B. Ennis land. SECOND TRACT: Commencing at a stone set on a large boulder marking the northeasterly corner of land of John Fock, granted by William M. Sisson thencce in a general easterly direction approximately eighty (80) feet to a stone set in the ground; thence in a general southerly direction a distance of 599.08 feet to a heap of stones around an old tree stump; thence in a general westerly direction a distance of 150 feet to a stone set in the ground; thence in a general northeasterly direction at an interior angle of S 80 W 45°, running in a general westerly direction a distance of 100 feet to a stone set in the ground; thence in a general northerly direction running in a general northeasterly direction, thence following the northeasterly line of Narrow lane, a distance of one hundred thirty one (131) feet to a stone set in the ground; thence in a general northerly direction a distance of 100 feet to a stone set in the ground, thence following the southeasterly line of said Narrow lane, a distance of six hundred fifty (650) feet, more or less, to the first mentioned point or place of beginning. Meaning and intent to convey the same premises conveyed to the Mortgagees herein, and in by the Quit-Claim Deed of Grafton M. Wilson and Garrison G. Wilson dated May 1962 and recorded in Land Evidence of said Charlestown, R. I., in Book No. 38 Page 332. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that a foreclosure may be held upon the premises or elsewhere at the option of the Mortgagee, as specified in notice of such sale. This mortgage is made subject to those additional covenants and agreements contained in that instrument entitled, "ADDITIONAL COVENANTS OF MORTGAGORS OF WESTERLY COMMUNITY CREDIT UNION," executed hereby by the mortgagors, a copy of which has this day been received by the mortgagees, the exact terms of which are on record in said Town of Charlestown, in the Land Records thereof in Book No. 38 at page 21. Said agreements and covenants are by reference made part of this mortgage, and if default shall be made in the observance of performance of any of the same, it shall be lawful for the Mortgagees to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, We, the said Mortgagors release to the Mortgagee all our right of curtesy and dower and all other rights and/or interest, statutory or otherwise in the aforementioned premises. WITNESS our hands this 27th day of July, A. D. 1962. FREDERICK C. ENNIS ELLEN F. ENNIS STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly, on the 27th day of July, A. D. 1962, before me personally appeared FREDERICK C. ENNIS and ELLEN F. ENNIS, husband and wife, both to me known and by me to be the parties executing the foregoing instrument, and they severally acknowledged said instrument, by them executed, to be their free act and deed. CHARLES F. TRUGGETTO Notary Public Received for record July 31st, A. D. 1962 at 10:00 o'clock, a. m., and recorded by [Signature] Town Clerk