The instrument's own words
page 1
Know all men by these presents, that I, Eunice E. Greene,
wife of William R. Greene, of the town of Hopkinton, county of Washington,
State of Rhode Island (hereinafter called the mortgagor) in consideration
of five thousand ($5000) dollars to be paid by Industrial Trust Company,
a corporation created by the General Assembly of the State of Rhode Island,
and located and doing business in the City and County of Providence
in paid State the receipt whereof is hereby acknowledged, do hereby grant,
bargain, sell and convey unto said Industrial Trust Company, its successors
and assigns forever, a certain lot or parcel of land with a cottage,
garage and other improvements thereon standing, located in the Town
of Charlestown in paid county of Washington situated on "Hill Estates"
so called and known as lot No. 19 or all that piece of lots on Hill Pasture
in Charlestown bounding to eastward S. Endicott scale 50 feet to an inch
October, 1923, East saltley surveyor, said plot being on file in the town
of Charlestown said Rhode Island, refering to said plat and the second
thereof being hereby had and made and the same is made a part of
these presents. To have and to hold the aforesaid premises, with
their appurtenances unto and to the use of said Industrial Trust
Company, its successors and assigns forever. And I, the said mortgagor
do hereby for myself and for my heirs, executors and administrators
covenant with said Industrial Trust Company its successor and assigns,
that I am lawfully seized in fee simple of the said granted premises that
the same are free from all encumbrances whatsoever. That I have good
right null power but lawful authority to sell and convey the same in
manner as aforesaid. That said Industrial Trust Company, its successor
and assigns, shall by these presents of all tenure peaceably and
quietly have and enjoy the said premises and that the said mortgagor will,
and her heirs executors and administrators shall warrant and defend
forever, against the lawful claims and demands of all persons whomsoever,
and shall pay the money, taxes, assessments and other expenses, hereby
secured as hereinafter provided. And in consideration of the consideration
I, William R. Greene, husband of the said Eunice E. Greene do hereby release
all my right of quieter in and to the said granted premises unto said
Industrial Trust Company, its successors and assigns, forever,
Provided, nevertheless, That if I said mortgagor, or my heirs, executors,
administrators or assignees, shall fail to pay unto said Industrial Trust
Company, its successors or assigns, the sum of five thousand ($5000)
dollars, in six equal monthly payments from the date hereof with interest thereon
at the rate of six & 1/2 per centum per annum, payable semi annually in
advance until said principal sum is paid, in whole, either at or after maturity,
and all installments of interest in arrear, whether before or after
maturity to bear interest at the rate aforesaid until paid and
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236 shall pay all taxes and assessments of every kind levied or assessed
upon or in respect of said premises or upon said Industrial Trust
Company, its successors or assigns, in respect of this mortgage or
mortgage debt, whether under statutes now in force or hereafter
be enacted, from the date hereof, also any penalties set whereby
the said mortgagor promises to pay said Industrial Trust Company
or order, the same specified with interest as aforesaid at the times aforesaid,
shall be come and be absolute void to all intents and purposes
whatsoever.
Point of default shall be made in the payment
of the said sum at the times and in the manner
herebefore aforesaid, or of the taxes or assessments aforesaid as the same become
payable or of any other of the covenants hereinbefore contained,
then it shall be lawful for said Industrial Trust Company its
successors or assigns, to sell together or in parcels all and singular
the premises hereby granted or intended to be granted or any part
thereof, and the benefit and equity of redemption of the said
mortgagor and of the said William H. Greene their heirs, executors
administrators and assigns of them, at public auction and to bid for
and become the purchaser at any such sale, and no other person
shall be answerable 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 consecutive weeks for some
newspapers published in said locality, with power to adjourn such
sale from time to time; and such sale to be upon the premises or
elsewhere as specified in such notices and in its or their own name
or names, or as the attorney or attorneys of the said mortgagors and
of the said William H. Greene (for that purpose by them presently duly
authorized and appointed with full power of substitution and revocation)
to make, execute and deliver to the purchaser or purchasers at such sale or
sales, good and sufficient deed or deeds of said premises in fee simple,
and receive the purchase money, and from retain all such sums
namely recovered, after then due off to all fees thereafter, or the part
thereof then remaining unpaid, and also the interest due on the same,
together with all expenses incident to such sale or sales, and all costs
and fees and other expenses incurred in, or in any way connected with the
premises of their former, and all taxes and assessments as aforesaid and
all premiums for insurance, either transferred paid by said Industrial Trust
Company, its successors or assigns, on their remaining unpaid, undertaking and
paying the surplus of said purchase money, if any there be over and above
all demands as to be tolerated as aforesaid, together with a true and particular
account of such sale or sales, returns and charges, to the said mortgagor,
their heirs, executors, administrators or assigns, to which sale or sales shall
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237
power be a perpetual bar both in law and equity against the said mortgagor, and
the said William R. Greene heirs, executors, administrators and assigns, and
all persons claiming said premises as sold by, from or under them or any of them.
And the said mortgagor, for myself and for my heirs, executors, administrators and
assigns, hereby covenant with said Industrial Trust Company, its successors and
assigns that they will on written request execute such deed or deeds confirmatory of
such sale or sales as may be necessary or advisable. And furthermore I,
the said mortgagor, for myself and for my heirs, executors, administrators and
assigns, hereby covenant with said Industrial Trust Company, its successors and
assigns that insurance against loss by fire shall be kept and maintained
on the buildings on the premises aforesaid in such amounts or offices as said
Industrial Trust Company, its successors and assigns shall approve in
a sum not less than the sum mentioned above in this deed, and that all policies of
insurance upon said buildings shall be assigned and transferred, or made
payable in case of loss or loss to said Industrial Trust Company, its successors and
assigns, as collateral security thereto, and in default thereof, hereby
said Industrial Trust Company, its successors and assigns, may
effect such insurance either in its or their own name, or in the name of
said mortgagor, their heirs, assign and state that the premium on a premium
paid therefore shall be a further charge upon said granted premises
secured by this mortgage as aforesaid.
In witness whereof we have hereunto set our hands and seals
this tenth day of June A.D. one thousand nine hundred twenty six.
Signed, sealed and delivered
in presence of
Leon Stanton
la R. Vane
Earnice E. Greene L.S.
William R. Greene L.S.
State of Rhode Island ss
County of Providence ss
On this tenth day on the tenth day of June, A.D. 1926 before me personally
appeared the above named Earnice E. Greene and William R. Greene husband
and wife each and all to me known, declared by me to be the parties
executing the foregoing instrument and severally acknowledged said
instrument they being presented to be their free act and deed.
Clarence H. Vane
Notary Public
Received for record June, 11th 1926 at 10.45 o'clock a.m.
and recorded by Eugene B. Cross, Town Clerk
The page as recorded
