The instrument's own words
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522 deliver to the purchaser or purchasers thereof, any deed or deeds that may be necessary to vest in such purchaser or purchasers an estate in fee simple absolute, and on sale thereof (hereby granting unto my said attorneys forever to continue or adjourn such sale from time to time).
I do hereby choose and appoint to receive the amount the same may be sold for, and after the payment of all the expenses incident to such sale or sales, to apply and appropriate the residue thereof to the payment of the amount of principal and interest of said note hereby secured, (I hereby seeing that in case of a sale by default in the payment of said some eventual interest the principal of my said note shall be deemed due and payable on the day of such sale) according to myself as to my own uses and account for all ends purposes and over the amount thereof, I may be satisfying and confirming such sale or sales or may be made or caused to be made and rental notice served.
Furthermore, I, the said grantor for myself and for my heirs, executors, administrators and assigns, do hereby covenant with the said grantee its successors and assigns, that insurance against loss by fire or other risk and hazards monitored upon the buildings or the premises above described in a sum not less than fifteen hundred dollars, or as the policy or policies of such insurance shall be assigned and transferred to the said grantee its successors and assigns, as collateral security and in equal there of as money as at that the said grantee its successors or assigns may affect such insurance, and the policy or policies or premiums paid the amount of said note and secured by the same.
The said estate added to the amount of said note and secured by the same.
In testimony whereof, we have hereunto set our hands and seals this 28th day of July A.D. 1935.
Signed, sealed and delivered
in presence of
Harold D. Livingstone
Wm Peter Reeves L.S.
Florence B. Reeves L.S.
State of Rhode Island ss
in Providence
I in westerly in said county this 28th day of July A.D. 1935 before me, personally appeared William P Reeves and Florence B Reeves, who being known to me known, and known to be the individuals described in and who executed the following instrument and they personally acknowledged said instrument to be their act and deed.
Harold D. Livingstone
Notary Public
Received and recorded July 29, 1935 at 9.38 o'clock A.M.
and recorded by George N. Dorse Town Clerk