9/18/1962 · MORTGAGE · book 38 page 505 doc 7625@38/505

505 KNOW ALL MEN BY THESE PRESENTS: That WE, RAYMOND H. HOLLIS and JEAN GOULD HOLLIS, husband and wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Six Thousand Seven Hundred & 00/100 ($6,700.00) Dollars, to be paid up 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 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 of even date herewith and bearing the serial number below, the following: That certain parcel or tract of land, together with the buildings and other improvements thereon situated, abutting on the westerly side of East Beach Road, so-called, in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows:— BEGINNING at a point on the westerly side of East Beach Road, at the corner of a stone wall marking the northeast corner of these premises and the southeast corner of premises of Lily E. Gould, thence westerly, bounded bounded [?] by a stone wall, a distance of 110 feet, to the limit of waterline, thence south, at a distance of 395 feet, more or less, to answer the corner of walls; thence running southerly along a stone wall, bounded [?] south, a distance of 110 feet, to the limit of waterline, thence easterly, bounded running easterly, thence bounded southerly by other land of said Richmonds, a distance of 395 feet, more or less, to a point on the westerly side of East Beach Road, thence running northerly, bounded easterly by said Road, to the point of beginning; thence running northerly, bounded easterly by said East Beach Road, a distance of 75 feet to the point and place of beginning. Being the same premises conveyed to the mortgagors by deed of William J. Richmond, et al dtd January 16, 1936 and recorded in the Land Evidence Records of said Town of Charlestown. The mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that notice of action of a foreclosure sale may be made alternatively in a public newspaper published in the City of Providence, and that a foreclosure sale may be held upon the premises or elsewhere at the option of the mortgagee, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND AGREEMENTS, a copy thereof having this day been received by the mortgagee, the receipt whereof is hereby acknowledged, the exact terms of which are on record in Land Evidence Book 38, page 504, and said STATEMENT OF COVENANTS AND AGREEMENTS is hereby made part of this MORTGAGE, and if default shall be made in the performance or observance 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. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 14th day of September, 1962. RAYMOND H. HOLLIS JEAN GOULD HOLLIS Executed in presence of Donald L. Friend INDIVIDUAL ACKNOWLEDGMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Charlestown, on the 14th day of September, 1962, before me personally appeared the above named Raymond H. Hollis and Jean Gould Hollis, husband and wife, to me known and known by me to be the parties executing the foregoing instrument and acknowledged said instrument by them bounded and described as their free act and deed. DONALD L. FRIEND Notary Public My Commission Expires June 30, 1966. Received for record September 18th, A. D. 1962 at 9:20 o'clock, a. m., and recorded by [Signature] Town Clerk