8/28/1962 · PREL · book 38 page 476 doc 7588@38/476

476 STATUTORY FORM PARTIAL RELEASE OF MORTGAGE KNOW ALL MEN BY THESE PRESENTS, That UNITED BUILDERS SUPPLY CO INC, a Connecticut corporation, having its principal place of business in the town of Westerly, Rhode Island, the present owner and holder of that certain mortgage made by HENRY S. BRIGHTMAN and FAITH I. BRIGHTMAN, husband and wife, of Charlestown, Rhode Island to UNITED BUILDERS SUPPLY CO INC., dated August 9th, 1956 and recorded in Book 35, at page 429 of the Land Evidence Records of the town of Charlestown, for consideration paid, releases to HENRY S. BRIGHTMAN and FAITH I. BRIGHTMAN, all that interest acquired under said mortgage in the following portion of the mortgaged premises:- That certain lot of land, together with the buildings and other improvements thereon situated, situated on Horace Avenue, at Quonochonticut, in the town of Charlestown, County of Washington state of Rhode Island and being marked on the plat of said town as Lot Number Sixty-one (61) on plat entitled, "Sunrise Acres, Property of Charleston Estates, Inc., Quonochonticut, Charlestown, R. I.," Page 1, of the November 1st, 1930, Survey of said town, said plat is recorded in the town Clerk's Office in said town of Charlestown, to which reference is hereby made and had. IN WITNESS WHEREOF, said UNITED BUILDERS SUPPLY CO INC, has caused its corporate seal to be hereunto affixed and these presents to be executed in its behalf by its officer proper authority, duly authorized, this 27th day of August 1962. UNITED BUILDERS SUPPLY CO INC. (Corporate Seal) By Harold H. Slogbern, its President and Treasurer STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly, on the 27th day of August, 1962, before me personally appeared HAROLD H. SLOGBERN, President and Treasurer of United Builders Supply Co Inc., to me now known and known by me to be the person executing the foregoing instrument in behalf of said corporation, and he acknowledged said instrument by him executed, to be his free act and deed in said his said capacity and as the free act and deed of said corporation. HAROLD R. SOLOWITZEN Notary Public. Received for record August 28th, A. D. 1962 at 9:05 o'clock, a. m., and recorded by [Signature] Town Clerk ---- KNOW ALL MEN BY THESE PRESENTS, That We, HENRY S. BRIGHTMAN and FAITH I. BRIGHTMAN, husband & wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Eight Thousand Five Hundred Five & 00/100 ($8,500.00) Dollars, to us paid by INDUSTRIAL NATIONAL BANK of Rhode Island, a national banking association organized and existing under the laws of the United States of America, with its principal place of business in the City and County of Providence in the State of Rhode Island hereinafter called the "mortgagee," the receipt whereof is hereby acknowledged, do hereby grant to the 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 of even date herewith and bearing the serial number, the following described:- That certain lot of land, together with the buildings and other improvements thereon situated, situated on Horace Avenue, at Quonochonticut, in the town of Charlestown, County of Washington state of Rhode Island and being marked on the plat of said town as Lot Number Sixty-one (61) on plat entitled, "Sunrise Acres, Property of Charleston Estates, Inc., Quonochonticut, Charlestown, R. I.," Page 1, of the November 1st, 1930, Survey of said town, said plat is recorded in the town Clerk's Office in said town of Charlestown, to which reference is hereby made and had. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE provided, however that publication notice of a foreclosure sale may be made alternatively in a public newspaper published in the City of Providence, and that a further extension of time for sale may be granted by the mortgagee at the option of the mortgagees, as specified in said notice. This mortgage is made subject to three additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having been duly received by the mortgagor, the receipt whereof is hereby acknowledged, the exact terms of which are on record in said Charlestown in Book 34, at page 40. Said covenants and agreements are hereby by reference made part of this mortgage, and if default shall be made in the performance