11/14/1962 · MORTGAGE · book 38 page 580 doc 7721@38/580

580 KNOW ALL MEN BY THESE PRESENTS: That We, MICHAEL A. BATES and NANCY A. BATES, husband and wife, of Charlestown, Rhode Island, hereinafter called the "mortgagors," in consideration of Ten Thousand Eight Hundred & 00/100 ($10,800.00) Dollars, to us paid by INDUSTRIAL NATIONAL BANK of Rhode Island, a national banking asso- ciation organized and existing under the laws of the United States of America, with its principal place of busi- ness 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 of interest of a certain promissory note of the mortgagor of even date herewith and bearing the serial number hereof, the following: That certain plot or parcel of land, together with the buildings and other improvements thereon, situated in the Town of "Charlestown," county of Washington, State of Rhode Island, and shown on a plat recorded in a land evidence book of said town, being Lot (71) on that certain plat entitled, and "Cornwall Park Section Two in the Town of Charlestown, R.I., Property of Glen G. Godden, Godden & Friends, Ltd.," recorded in Book 38, page 561 in the Scale No 60", which plat is re- corded in Plat Book 3, at page 64 in the Town Clerk's Office in said Town of Charlestown, to which reference is hereby made and incorporated. Being the same premises conveyed to the mortgagors by the deed of Glen F. Godden et ux, dated September 14th, 1962 and recorded in Book 38, at page 498 of the Charlestown Land Evidence Records; SUBJECT to conditions and restrictions of record. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE; provided, however, that the publication of notice of a foreclosure sale may be made alternatively in a suitable newspaper published in the City of Providence, and such foreclosure sale be held upon the premises or elsewhere in the Town of Charlestown, as specified in said notice. This mortgage is made subject to those additional covenants and agreements contained in a STATEMENT OF COVENANTS AND MORTGAGES, a copy thereof having this day been received by the mortgagors, the re- ceipt whereof is hereby acknowledged, and recorded on this day on record in said land evidence Book 38, at page 499. Said covenants and agreements are hereby by reference made part of this mortgage, and if default shall be made in the performance of any of the same, it shall be lawful for the mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we said mortgagors, release to the mortgagee all right of (dower) & (curtesy) and all other rights, statutory or otherwise, in the aforementioned premises. IN WITNESS WHEREOF, the mortgagors have executed these presents on the 9th day of November, 1962. MICHAEL A. BATES NANCY A. BATES Executed in presence of Fred Ragner INDIVIDUAL ACKNOWLEDGEMENT STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 9th day of November, 1962, before me personally appeared the above named MICHAEL A. BATES and NANCY A. BATES, to me known 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. PATRICIA A. S. COLLINS Notary Public Received for record November 14th, A.D. 1962 at 9:05 o'clock, a.m., and recorded by TOWN CLERK