5/27/1926 · MORTGAGE · book 22 page 213 doc 8045

213 one personally appeared William M^y Day and Alice M^y Day to me declared and sworn off and to be the parties executing the foregoing instrument, and they acknowledged said instrument by them executed to be their free act and deed George Le Boss Mary Public Received for record May 28^th 1726 at 8-15 oclock Star and recorded by George Le Boss, Town Clerk Know all Men by these presents, that I Katharine S[?]on of Hopkinton, county of Washington and state of Rhode Island hereinafter called the mortgagor in consideration of twenty five hundred 2500 dollars from called by William M^y Day of Charlestown in said county and state hereinafter called the mortgagee the receipt whereof is hereby acknowledged all my guns, longguns, rifles and cows only unto the said mortgagee and such as her husband and servants possess a certain tract of beach land situated in said Charlestown, bounded and described as follows: beginning at the southeast corner of said lot and at the southeast corner of land of Isaac Norton at the sea; thence Northerly bounding easterly by paid Nortons land to land of Susannah Reed thence easterly bounding northerly by land of said Reed one hundred feet thence northerly bounding easterly by said Reed to the highway; thence easterly bounding northerly by said highway to land of owner of Corona; hence southerly bounding westerly by land owner of Corona near the sea; thence Easterly bounding southerly by land owner of beach near the sea to the place of beginning. Our with all the buildings thereon as well as any other what so ever be hereafter erected on said premises. Also a certain tract of beach land situated in said Charlestown, containing one half an acre more or less bounded as follows: beginning at the northwest corner of said tract at Charlestown pond and running easterly in a straight line with two stone posts until it comes to the first stone heap which is near said pond; thence easterly one feet to the second stone post; bounded on the North by land formerly of sharlay; hence southerly in a straight line from the land mentioned stone post to the southeast corner of the piers of the house of the mortgage situated on the beach bank about one hundred and eight feet or until it comes to a point two and half feet northerly from the lot above described, bounded on the East by

214 land formerly of John Allen Greene, thence Easterly on a line parallel with the North line of above described lot a distance of two rods from the same until it comes to land formerly of Jacob Greene, bounded on the North by land formerly of John Allen Greene, thence southerly two rods bounded on the East by land formerly of said Jacob Greene, thence Westerly until it comes to the North West corner of land formerly of said John Allen Greene, bounded on the South by land of this mortgagor and land formerly of Albert S. Potter, thence Northerly until it comes to said Albert S. Potter, bounded on the West by land formerly of said Albert S. Potter and thence along said road to the place of beginning or sooner otherwise return of aforesaid tract may be bounded, To have and to hold, the aforesaid premises, with all the rights, privileges and appurtenances pertaining belonging unto and to the use of 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 lawfully seized in fee simple of the said granted premises; that the same are free from all encumbrances 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 by these presents at all times hereafter peaceably and quietly have and enjoy the said premises, and that I the said mortgagor will and my heirs, executors and administrators shall warrant and defend the same to the said mortgagee and his heirs and assigns forever against the lawful claims and demands of all persons, And for the consideration aforesaid I, George M. Watson husband of the said Katharine I. Watson do hereby cede release all my right of entry to and in the said granted premises unto the said mortgagee and his heirs and assigns forever, Provided nevertheless, and this conveyance is made upon the express condition that I the said mortgagor, her heirs, executors, administrators or assigns, shall pay with the said mortgage or any successors, administrators or assigne the sum of twelve thousand dollars, otherwise, for the said mortgage has made his express promise to pay said aggregate sum, bearing every late date with these present and made payable to the order of William Morley one year from the date hereof, with interest thereon at the rate of six per centum per annum payable semi annually in advance, until principal sum is paid, whether at or after maturity, and all installments of interest in arrear, whether before or after maturity, to bear interest at the rate aforesaid with said, and shall also pay all taxes and assessments of necessary kind

leaved or arreared aforn or in respect of said premises then this deed as alas said promissory note shall become and be absolutely void to all intents and purposes whatsoever. But if default shall be made in the payment of the said note or of said virtues at the times or times and in the manner decreed, or of the hire or allotments aforesaid, as the same become dueable, or of any section of the time, or of any part thereof or if breach shall be made of the covenant for insurance whereas herein contained then it shall be lawful for the said mortgagee thes executors, administrators or assigns, to sell, forfeit or in parcels, all and appurten, the premises hereby granted or intended to be granted, or any part or parts thereof and the benefit and bounty of redemption of the said mortgagor and his heirs, successors, administrators and assigns thereto, by public auction from the premises and to bid for and become the purchaser or purchasers at any such sale and that other purchasers or purchasers shall be answerable for the application of the purchase money following notice of the time and place of sale by publishing the same at least once each week for three successive weeks in a public newspaper published in said Washington county north town to advise such sale from time to time, provided that the undersigning of said notice shall be contained, together with a copy of the order of appointment of atleast one such each in the same manner and; and in their own proper name or names or as the attorney or attorneys of the said mortgagor (that for this purpose they have there presents duly authorized and appointed with full power of substitution and revoking) to make, execute and deliver to the purchaser or purchasers at such sale a good and sufficient deed or deeds of sale paid purchasers in the whole and to account the proceeds from such sale or sales and from such implies to return all sums hereby secured, whether then due or to fall due thereafter, or the part then remaining unpaid, and due the interest then due on the same, together with all expenses incurred to such sale or sales, or for making deeds execution, and for fees of counsel and attorneys, and all costs or expenses incurred in the absence of said person, and all taxes, assessments and premiums for insurance if any which then therefore paid by the said mortgagor his successors, denuminators & adhesions, or then remaining unpaid within said granted premises, reserving and having the surplus of said proceeds of sale if any then be over and above the sumites to be returned as aforesaid together with accurate and particular account of such sale or sales of expenses and charges to the said mortgagor her heirs, successors, administrators or assigns, other sale or sales made as aforesaid shall form a perfect bar both in law and equity against the said mortgagor the heirs, executors administrators and designs and all persons claiming said premises, if sold by, from or under them, any of them. And the said mortgagor for herself and her heirs, successors, administrators and assigns, hereby covenants with the said mortgagee, and his heirs, executors, administrators and assigns, that she and they will upon request execute such deed or deeds confirmatory of such sale or sales as may be required. And furthermore, I, the said mortgagor, for myself and for my heirs, executors, administrators

216 and assigns, hereby covenant with the said mortgagee, and his successors, administrators and assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid, in such offices or offices as the said mortgagee, and his successors, administrators or assigns shall appoint, in a sum not less than twenty five hundred dollars, and that the policy or policies of such insurance shall be assigned and transferred, or made payable in case of loss, to the said mortgagee, or his successors, administrators or assigns as collateral security held, and in default thereof, hereby agree that the said mortgagee, or his successors, admin- istrator or assigns, effect such insurance in the name of the said mortgagee, and her heirs, also made payable in case of loss to the said mortgagee, and his successors, administrators or assigns, and that the premiums or premiums paid therefor shall be a further charge upon said granted premises, as evidenced by these presents. In witness whereof we have hereunto set our hands and seals this 26, day of May in the year of our lord one thousand nine hundred and twenty six, Executed in presence of George R. Lazzaro George W. Paton L.S. Katherine J. Paton L.S. State of Rhode Island County of Washington In Charlestown on the 26 day of May, A.D. 1926 before me, personally appeared Katherine J. Paton and George W. Paton to me known had been known by me to be the parties executing the foregoing instrument and they acknowledged and paid instrument by their specials to be their free act and deed. George R. Lazzaro [Signature] Public Notary Received for record May 27, 1926 at 8-30 o'clock AM and recorded by George Lazzaro, Town Clerk For further of above Mortgage see Book 26, Page 174