The instrument's own words
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340 Know all men by these presents that I, J. Frank N.
Campbell of the city of Providence, County of Providence and State
of Rhode Island, hereinafter called the mortgagor in consideration of
Four Hundred Fifty (450) dollars to be paid by George A. Lowndes of
Providence, County of Providence and state of Rhode Island hereafter
called the mortgagee the receipt whereof is hereby acknowledged do
hereby grant bargain sell and convey buy and lease to the said mortgagee
and his heirs and assigns alternating forever a certain tract of land with
the buildings and improvements thereon, situated in the town of
North Kingstown County of Washington and state aforesaid bounded as follows
beginning at the mouth of the brook known as Pond in the wall between
"John Mason" and "Ned Mason" as called hence westerly bounded
on the west by said wall a rod of z fifths northon to another wall
hence easterly on said wall east z and one (1) perth hence southerly
bounded with said wall east seven rods well and sixty one (61) feet from
the same to another wall Pond bounded on the north by land of Cain
and on the East by the course of the stream formerly of Henry H. Potter
hence northeasterly commonly known as the way lead to the prove
of becoming or however otherwise bounded
To have and to hold the aforementioned premises with all the
lots rights privileges and all other hereditaments belonging unto
same to the said mortgagee and his heirs and assigns forever
And I the said mortgagor do hereby for myself and
for my heirs executors and administrators covenant with
the said mortgagee and his heirs and assigns that I am
the sole owner in fee simple of the whole of the premises here
the same free and clear from all encumbrances and that I have
good right full power and lawful authority to sell and
convey the same in manner as aforesaid that the said mortgagee
and his heirs and assigns shall have these presents at some time
hereafter precisely and promptly make and bring the said premises and
that I the said mortgagor will my heirs executors
and administrators cause in manner true and lawful and sufficient the same to the said
mortgagee and his heirs and assigns forever against the
wrongful claims and demands of all persons
Provided nevertheless that this conveyance is made upon the
express condition that if the said mortgagee his heirs executors
ad ministers or assigns shall fail to pay the said mortgagor
or his executors administrators or assigns the sum of Four Hundred
Fifty (450) dollars whenever the said mortgagor shall make
reasonable demand for same and shall fail paying
even out with this indenture and make payable to the order of
George A. Lowndes one note one stone one paper from the said
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hereof, for five thousand fifty ($5050), with interest thereon at the rate of 6
per centum, per annum payable semi-annually in advance until said
principal sum is paid, whether at or after maturity, and all installments of
interest in arrears, whether before or after maturity, to bear interest at the rate
aforesaid until paid, and shall accrue hay all taxes and assessments whatever
which levied or assessed upon or in respect of said premises, than this deed, will
also bar and extinguish any and all equity and all rights to all assets
and preferences whatever. But if default shall be made in the
payment of the said note or of said interest at the time or times and in the
manner aforesaid, or of any of the taxes or assessments aforesaid on the same
become payable, or of any other of the terms or of any part thereof or in
breach shall be made of the covenant for insurance hereinafter contained,
then it shall be lawful for the said mortgagor, his executors, administrators,
or assigns, to seize, forfeit or recover in praecipe, ad alienanda, the premises
hereby granted or intended to be granted, or any part or part thereof,
and the benefit and security of any redemption of the said mortgagor and
his heirs, executors, administrators and assigns, thereof, at public
auction upon the premises, and to sell and convey the same to the purchaser
or purchasers at any rate or rates not less than those for which said
shall be announced for the application of the purchase money) first
giving notice of the time and place of sale by publishing the same at
least once each week for three successive weeks in any newspaper
published in Providence county with notice to adjourn each sale
from time to time, provided that the average of said notice shall
be delivered written with a notice of the auction appointment
at least once each week in the same newspaper, and in may or
his own name or namey or use as the attorney or attorney of the
said mortgagor (for that purpose he by these presents hereby authorizes
and appoints both full power of substitution and revocation)
to make, execute and deliver to the purchaser or purchasers at such
time and good and sufficient deed and release of said premises in the
simplest and transferring the proceeds of such sale or sales, and from
such proceeds to claim all sums hereby recovered, including the interest
on it falls are foreclosed, or the part thereof then remaining unpaid,
and also the interest there on due in the same, together with all expenses
incident to such sale or sales, in making said foreclosure, and
for fees of convey and attorney, and all costs or expenses necessary
in the premises of said premises, and all taxes assessments and
premiums for insurance, if any, after therefore paid by the said
mortgagee, speculators, administrators or assigns, or in summing
unpaid upon said granted premises rendering and paying the
residue of said proceeds if any there be, and above the
amounts to be retained as aforesaid, together with a true and
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342
heretofore account of such sale or sales, purchase and charges, to the
said Frank N. Campbell, his heirs, executors, administrators or assigns,
which sale or sales made as aforesaid shall forever be a perpetual bar
both in law and equity against the said Frank N. Campbell and his heirs,
executors, administrators and assigns, and all persons claiming
under him or through him, or under whom he or any of them
under him has claimed the premises and for their heirs, executors, admini-
strators, and assigns of hereby covenant with the said mortgagee, and his
heirs, executors, administrators and assigns, that he and they will
warrant and defend peaceable and quiet seisin and conformity of said party
sale and lease of the premises and furthermore I have
mortgaged for myself and for my heirs, executors, administrators and
assigns, hereby covenant with the said mortgagee, and his executors,
administrators and assigns, that whatever damage may occur by my default
or be caused and maintained in the buildings on the promised premises,
in such effect or the said premises, unless the said executors, admini-
strators or assigns, shall allow me to repair the same not less than four
months after notifying them, and that the today or instead of speech
insurance policy or contract, or made payable in
case of loss to the said mortgagee, or his executors, administrators
or assigns, in accordance hereby hereinto, and in default thereof
agreeing that the said mortgagee, or his executors, administrators
or assigns, may make such insurance in the name of the said
mortgagor, and his heirs and assigns, payable in case of loss
to the said mortgagee, and his executors, administrators or assigns,
and that the premiums of the promised paid therefore by the tenants,
whose within (said premises) bound by their tenants,
and in witness whereof I have subscribed to my hand and seal
this eighteenth day October, in the year of our Lord one Thousand
nine hundred and twenty four,
Executed in presence of
J. N. Nelson
Frank N. Campbell L.S.
State of Rhode Island
ss.
County of Providence
On this Eighteenth day of October AD 1924 before me
personally appeared Frank N. Campbell to me known and known by
me to be the party executing the foregoing instrument and he then
acknowledged and set testament that it print granted to be his free act
and deed,
Emerson Lo. Adams,
Notary Public
Received & recorded Oct 17th 1924 at 9 o'clock A.M.
and taxes paid by George A. Brown clerk Clerk
The page as recorded
