The instrument's own words
page 1
405
and with all the powers in said deed granted and convened;
In testimony whereof the Wakefield Institution for Savings has herewith
caused its corporate name and seal to be affixed by its liquidating agent
thereto duly authorized this 29th day of November in the year of our Lord
one thousand nine hundred and twenty six
Signed in presence of
H. B. Berry
Thomas Rodman
Liquidating Agent L.S.
State of Rhode Island
Washington ss.
On Wakefield this 29th day of November A.D. 1926 the above
named Thomas Rodman to me before and known by me to be the
Liquidating agent of said Wakefield Institution for Savings, the party
executing the foregoing instrument, personally appeared before me and
acknowledged that the foregoing instrument, by him signed, is his free
and voluntary act and deed as the liquidating agent of said Wakefield
Institution for Savings and the free and voluntary act and deed of said
Wakefield Institution for Savings.
Howard B. Berry
Notary Public
Received for record November 30th 1926 at 9 o'clock A.M.
and recorded by George G. Coons Town Clerk
Discharged, see Page 18 page 205
Know all men by these presents; That one Joseph
M. Bennett and Julia M. Bennett husband and wife, both of the city
of Providence in the county of Providence and state of Rhode Island
hereinafter called the mortgagors in consideration of two thousand (2000)
dollars to our paid by Industrial Trust Company, a corporation created
by the General Assembly of the State of Rhode Island, and located and
conducting business in the city and county of Providence, in said
state the present writers of our own accord freely, grant bargain
sell and convey unto said Industrial Trust Company, its successors
and assigns forever a certain tract of land including buildings and being
in the town of Wakefield in said state of Rhode Island, and bounded
and described as follows to wit beginning at a point on the East
road heading from North Kingstown road from westerly, at the
southernmost corner of the premises hereby conveyed. Thence northerly
page 2
406 bounded westerly on land now or formerly of the heirs of Benjamin
Everitt, declared to the salt pond; thence easterly by said salt pond
until it strikes the wall at the head of said salt pond at a stone in
said wall marked "B"; thence following along said wall until it
comes to the marshes; thence continuing on in a straight line through
said swamps until it strikes the stone wall on said Post Road at a
stone bound set in said stone wall marked "B"; thence following along
said Post Road as said Post Road was located prior to the highway
thereof parallel with said wall to the point and place of beginning of
however otherwise the same may be denoted or described, said
description includes a small piece of land lying on the westerly
side of the Post Road as said Post Road was located, being the
same property conveyed to the said Pursuant by James A. Stillman,
by deed dated May 1st 1913 and recorded in the Land Records
of said Barrington Vol 17 Page 42. To have and
to hold the aforesaid premises with their appurtenances unto
and to the use of said Industrial Trust Company, its successor and
assigns forever. And we the said mortgagors do hereby for our-
selves and for our heirs, executors also administrators covenant
with said Industrial Trust Company, its successor and assigns,
that we are lawfully seized in fee simple of the said granted
premises; that the same are free from all encumbrances except
the mortgages already held by said Industrial Trust Company,
that we have good right full power and lawful authority to sell
and convey the same in the manner as aforesaid; that said Industrial
Trust Company, its successor and assigns, shall be there
present at all times however peaceably hold and enjoy the void
premises, and that the said mortgagors will and their heirs,
executors and administrators shall warrant and defend the same
to said Industrial Trust Company, its successor and assigns forever,
against the lawful claims and demands of all persons, as aforesaid,
and also to repay to the money, taxes, assessments and other
expenses hereby parcels as hereinafter provided. Provided,
nevertheless, that if one, the said mortgagors or their heirs, executors,
administrators or assigns shall pay unto said Industrial Trust Company
its successor or assigns, the sum of two thousand ($2,000) dollars in six
(6) months from the date hereof, 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 also pay
all taxes and assessments of every kind levied or assessed upon
or in respect of said premises, or before said Industrial Trust Company,
page 3
to successors or assigns, in respect of this mortgage or mortgage debt
which is under statutes now in force or that may be hereafter enacted, then
this deed, as also one promissory note whereby the said mortgagor promises
to pay said Industrial Trust Company of Providence, the sum aforesaid with
interest at percent, at the times aforesaid, shall become null and void
to all intents and purposes whatsoever. But if default
shall be made in the payment of the said sum or of said interest at the
times and in the manner aforesaid or of the taxes or assessments aforesaid
or as the same became payable or of any of the other terms, or of any part
thereof, or if breach shall be made of the covenant for insurances hereinafter
mentioned, 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 or
parts thereof, and the benefit and equity of redemption of the said mortgagor,
their heirs, executors, administrators and assigns therein of whether claim,
and to bind for and become the purchaser thereof, such sale, or sales other
purchases that shall be convenient 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 some newspaper
published in said city with power to adjourn such sale from time to
time, and such sale to be upon the premises or elsewhere, as specified
in such notice, and unit to in their own name names or names or as the
attorney or attorney of the said mortgagor, for that purpose by these
presents duly authorized and appointed with full powers of substitution
and revocation, to make, execute and deliver to the purchasers or
purchasers of such sale or sales, good and sufficient deed or deeds
of said premises in the same condition and to receive the purchase money, and
therefrom to retain all sums hereby secured whether then due or to fall
due hereafter, or the part thereof then remaining unpaid, and also the
interest thus due on the same together with all expenses incident to
such sale or sales, and all renewal fees and other expenses incurred
in, or in any way connected with the securing of these powers,
and all taxes and assessments as aforesaid and all premiums for insurance
either therefore paid by said Industrial Trust Company its successors
or assigns, or then remaining unpaid, rendering accordingly paying the
surplus of such purchase money, if any there be clear and above the
amounts so to be retained as aforesaid together with costs and
particulars account of such sale or sales, expenses and charges, to the
said mortgagors, their heirs, executors, administrators or assigns on which
sale or sales shall further be a foreclosure both in law and equity
against the said mortgagors, their heirs, executors, administrators and
assigns, and all further claiming said premises posted by, from
or under them or any of them. And we, the said mortgagors for
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408
ourselves and for our heirs, executors, administrators and assigns,
hereby covenant with said Industrial Trust Company, its successors
and assigns, that we will upon request execute such deed or
deed confirmatory of purchase sale or release as may be necessary or desirable.
And furthermore, we the said mortgagors, for ourselves and for our
heirs, executors, administrators and assigns, hereby covenant with
said Industrial Trust Company, its successors and assigns, that maintenance
againstes by fire for such shall be kept and maintained in the buildings
in the premises aforesaid, in such office or offices as said Industrial
Trust Company, its successors and assigns shall appoint as a
sum not less than three thousand ($3000) dollars and that all policies
of insurance on said buildings shall be assigned and transferred,
or made payable in case of loss to said Industrial Trust Company,
its successors and assigns as collateral security thereof, and that in default
thereof hereby agree that 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 mortgagors, their heirs or assigns,
and that the premiums or premiums paid therefore shall be a further
charge upon said mortgaged premises secured by this present mortgage.
In witness whereof we have hereunto set our hands and seals this
2nd day of December AD one thousand nine hundred twenty six,
Signed sealed and delivered
in presence of
C. A. Vann
Lewis Stanton
Joseph M. Bennett
Julia A. Bennett
State of Rhode Island
County of Washington
In Westerly, on the 3rd day of December AD 1926 before me
personally appeared the above named individuals Joseph M. Bennett and Julia A.
Bennett husband and wife each acknowledged to me known due from
by me to be the parties executing the foregoing instrument and declared
determined said said instrument by their seals intended to be their free act
and deed.
Clarence A. Vann
Notary Public L.B.
Received for record Dec 4th 1926 at 9.30 o'clock a.m.
and recorded by George Colwell from books
[Vertical text on left margin]:
recorded in the book of mortgages
vol 15 page 408
dated Dec 2 1926
from Joseph M. Bennett and Julia A. Bennett
to Industrial Trust Company
for $3000.00
land in Westerly
described as follows:
a lot of land situated in the town of Westerly
bounded on the north by the road
on the south by the land of
George W. Smith
on the east by the land of
William H. Smith
on the west by the land of
John S. Smith
containing approximately one acre
The page as recorded
