The instrument's own words
page 1
Know all men by these presents, that I, William E. Leffert
of the Town of Richmond, County of Washington and State of Rhode Island,
hereinafter called the mortgagor in consideration of ten thousand ($10,000.00)
dollars to me paid by Russell G. Board, of the Town of Richmond, County of
Washington and State of Rhode Island, hereinafter called the mortgagee
the receipt whereof is hereby acknowledged paid in full, give, grant,
bargain, sell and convey unto the said mortgagee, did lately have and
above former a certain tract part of a parcel of land on which there is standing
a dwelling house and a hotel one hundredish rooms and a number of
garages land and other improvements thereon surrounding and bounded as
follows beginning at a stone bound set in the ground at the northwest
corner of land title on the edge of the highway in the Town of Charlestown,
Rhode Island leading to the Westerlyton front beach roadway and
running in a southeasterly direction about three hundred feet along,
land formerly owned by charles Rooton to the Atlantic ocean front at
highwater mark, recalled, thence in an easterly direction along said
ocean front at highwater mark to land formerly owned by hattie
matthews thence in a northeasterly direction along said land formerly
owned by hattie matthews to the shore mentioned highway thence in a
northerly direction along said highway to the place of beginning, or however
otherwise the said tract of land may be bounded or described, said
described property is located in the Town of Charlestown, county of
Washington and State of Rhode Island. To have and to hold,
the aforementioned premises, with all the rights, privileges and appurtenances
thereunto belonging unto and to the use of the said mortgagee, also his
heirs and assigns forever, And I the said mortgagor do hereby, for
oneself and for my heirs, executors and administrators, covenant with
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 incumbrances, 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 their
presents at all times hereafter peaceably and quietly have and enjoy
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,
corporations, entities, and their successors, provided that unless upon the express
condition, that if the said paid mortgagee executor, administrator or
assigns, shall pay unto the said mortgagor or his executor, administrator
or assigns, the sum of one thousand ($1,000.00) dollars, whereas the
said mortgagor has paid mortgage promissory note for
said aggregate sum, bearing same date with these presents and
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410
made payable to the order of glycemic’s d. Board, one year from the date hereof
with interest thereon at the rate of six per centum per annum payable semi-
annually in advance until said sum of money 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 until paid, and shall
pay all taxes and assessments of every kind levied or assessed upon
or in respect of said premises, that this deed, or also 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 promissory note or
of said interest, at the times or times aforesaid or of the taxes
dues or assessments aforesaid, as the same become payable, or of any or
either of either of terms, or of any part thereof or if breach shall be made in the covenant
for insurance hereinafter contained that it shall be lawful for the said
mortgagee, his successors administrators or assigns, to sell, together or in
parcel, all and singular, the premises hereby granted or intended to
be granted, or any part or parts thereof and the benefit and appurtenance
belonging thereto of the said mortgage premises but for the said mortgagee, successors, administrators
and assigns thereon or public levies upon the premises and to bid for
and become the purchaser or purchasers at any such sale (and no
other purchasers or purchasers shall be admissible for the application of
the purchase money), just giving notice of the time and place of sale by
publishing the same at least once each week for three consecutive weeks
in the Hope Valley Advertiser a newspaper published in Hope Valley,
R. Island herewith it adopting such sale from time to time postponing provided that
the publishing of such notice shall be confirmed together with a notice
of the adjournment or adjournment, at least one week each month in the
same newspaper, such may in one or others own name or names, or as the
attorney or attorneys of the said mortgagee, (for that purpose by these
premises duly appointed and authorized with full power of substitution
and revocation), to make, execute and deliver to the purchaser or purchasers
at such sale a good and sufficient deed or deeds of said premises in
full simple absolute to receive the proceeds of such sale or sales, and from such
proceeds to retain all sums justly thereby recovered, including that sum due or to fall
due thereafter, on the principal part of their remaining said void and add thereto
the interest due thereon together with all expenses incurred wanting to
such sale or sales, or in making deeds hereafter, and for fees of
counsel and attorneys, and all costs or expenses incurred in the exercise
of said power, and all taxes assessments and premiums for insurance
of any section heretofore paid by the said mortgagor his successors administrators
or assigns or from remaining unpaid whereupon granted nominees renewing
and paying the sum of principal of said proceeds if shall if any there be one and more
the amounts so to be retained as aforesaid together with a true and
particular account of such sales sales offenses and charges to the said
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mortgagee, his heirs, executors, administrators or assigns, which sale or sales made
or agreed shall forever be perpetuated both in law and equity against the said
mortgagor, their executors, administrators and assigns, and all persons
claiming said premises, by sole, by descent or marriage, or any of them.
And the said mortgagor, for himself and for his heirs, executors, administrators
and assigns, hereby covenants with the said mortgagee, and his heirs, executors,
administrators and assigns, that they and they will when requested execute such deed or
deeds of conveyance of the said estate or sales as may be required. And furthermore,
I, the said mortgagor, for myself and for my heirs, executors, administrators 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 office or offices as the said
mortgagee, and his executors, administrators or assigns, shall appoint, in a
sum not less than ten thousand ($10,000) dollars, and that the policy or policies
of such insurance shall be assigned and transferred over, and made payable in
case of loss, to the said mortgagee, or his successors, administrators or assigns as
collateral security hereto cited and default thereof hereby agree that the said
mortgagee or his executors, administrators or assigns, may effect such insurance
in the name of the said mortgagor, and his heirs and estates, payable in
case of loss to the said mortgagee and his successors, administrators or assigns,
and that the premium or premiums paid therefor shall be a further charge
upon said granted premises, secured by these presents.
In witness whereof, I have hereunto set my hand and seal the 19 day of
December in the year one thousand eight hundred and twenty seven.
Executed in presence of
{Signed} Elias E. Barber
{Signed} William S. Taft SS.
State of Rhode Island, sc
County of Washington
On Rhode Island on the 1st day of December, AD 1926 before me personally
appeared William S. Taft to me known and known by me to be the
party executing the forthcoming instrument, and he hath acknowledged said
instrument, by him sealed to be his free and voluntary deed.
{Signed} Elias E. Barber
{Signed} Mary Barber LS.
Received for record Dec 6, 1926 at 4:15 P.M. Paid the
sum recorded by George B. Coords, Town Clerk
[Illegible handwritten note]
[Illegible signature]
The page as recorded
