The instrument's own words
page 1
Know all men by these presents, that we, Henry S. Bailey
and wife, Julia P. Bailey of the town of Hopkinton in the state of Rhode
Island (hereinafter called the mortgagors) in consideration of the sum of
eighteen thousand six hundred (8,600) dollars to be paid by Industrial
Trust Company, a corporation created by the General Assembly of the
State of Rhode Island, and located and transacting business in the
city of Providence of Providence in said State, the receipt whereof is
acknowledged, do hereby grant bargain sell and convey unto said
Industrial Trust Company, its successors and assigns forever,
that piece of land with the dwelling house there on and other improvements
thereon, situated in the village of Hope Valley, in the town of Hopkinton
in the state of Rhode Island, containing by estimation 3 acres of land
more or less, and bounded as follows: commencing at the southerly
corner of said plot of land at Maple street as called, thence running North-
westerly on said Maple street about sixty six (66) rods to a stone set in the
ground; thence northwesterly on land now or formerly of Benjamin T.
Bernardo about eighty three (83) rods to land now or formerly of Emma T.
Bernardo, thence southeasterly partly on said land and partly on
school land until reaching six (6) rods to land now or formerly of Isaac M.
Mason, thence thence northwesterly on said measure thence northwesterly on said measure
land after borders twenty (20) rods to the first mentioned corner or place of
beginning on Maple street; being the same premises conveyed by
deed of Edward Johnston to Julia P. Bailey dated April 29, 1905 land
recorded in the records of said town of Hopkinton in
Book 32 at page 148. Also that tract of land with all buildings
and improvements thereon, situated in said town of Hopkinton,
containing by estimation 14 acres of land, more or less, and bounded
as follows: commencing at the southerly corner of said tract at a
stone set in the ground at land of Marguerite Hawkins; thence
running Southeasterly on said Hawkins land to Hill street, thence
southeasterly on said Hill street to Maple Avenue, so called, thence
Northeasterly on Maple Avenue to a stone set in the ground at land
of Mary S. Holden, thence northwesterly on said Hawkins land to the point
of beginning, being the first parcel described in deed from William
S. Pickett and wife to Hartford B. Brown, dated February 28, 1911 and
recorded in said records in Book 25 at page 500, and also the first
parcel conveyed by deed of Hartford B. Brown and wife to Julia P.
Bailey, dated August 27, 1917 land recorded in said records in Book
30 at page 560. Also that tract of land with all buildings and
improvements thereon situated in said town of Hopkinton containing
by estimation 1 acre of land, more or less, and bounded as follows:
Beginning at the northerly corner of said tract at a stone set in
the ground by Maple Avenue, thence running Southeasterly on said
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issue to land now or formerly of the Nichols & Langworthy machine
company thence south easterly on said last mentioned land to a stone
fence thence south westerly on land now or formerly of Henry Nichols to a
stone set in the ground thence south easterly on land now or formerly
of said Nichols to the point of beginning Being the second parcel
of land described in deed from Nathan L. Nichols and wife to Hartford
H. Born dated February 25, 1891 and recorded in said records in
Book 38 at page 500 and the second parcel described in deed from
Hartford H. Born and wife to Julia R. Bailey dated August 28, 1917
and recorded in said records in Book 38 at page 560 Also that tract
of land with all buildings and improvements thereon situated
at Charlestown Beach in the town of Charlestown and state of
Rhode Island and bounded as follows: Beginning at the south-
westerly corner of said tract and corner of land conveyed by deed
of Stanley D. Born to Julia R. Bailey dated May 1, 1924 and recorded
in the records of land evidence in said town of Charlestown in Book
21 at page 267 Thence Eastly bounding southerly on the sea
(15 feet) thence Northerly bounding Easterly on land now or
formerly of Emma R. Heap to the highway thence Northerly bounding
Westerly on said highway fifteen (15) feet to land conveyed by
the above mentioned deed Hence southerly bounding Westerly on
land conveyed by the above mentioned title to the point of beginning
Being the first premises conveyed by deed of Emma R. Heap to
Julia R. Bailey dated April 25, 1924 and recorded in said Charlestown
Land Record in Book 21 at page 242 Also that tract of land
with all building and improvements thereon situated at said
Charlestown Beach and bounded as follows: Beginning at the
Southeasterly corner of said tract land conveyed by deed of
Emma R. Heap to Julia R. Bailey dated April 25, 1924 and recorded
in said Charlestown land records in Book 21 at page 242 thence
Easterly bounding southerly on the sea twenty (20) feet Thence
Northerly bounding Easterly on land now or lately of Stanley D.
Born to the highway thence Easterly bounding Northerly on the
highway twenty five (25) feet to land conveyed by the above mentioned
deed thence southerly bounding Easterly on land conveyed by the
above mentioned deed to the point of beginning Being the same
premises conveyed by deed of Stanley D. Born to Julia R. Bailey dated
may 1, 1924 and recorded in said Charlestown land records in Book
21 at page 267 His mortgage is made subject to conditions as
set forth in deed from Nathan L. Nichols & others dated July 31,
1884 and recorded in said Charlestown land records in Book 11 at
page 402 To have and to hold the aforesaid premises with
their appurtenances into and to the use of said Industrial Trust
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company, its successors and assigns, forever. And we the said mortgagors,
do hereby, for ourselves and for our heirs, executors and administrators
covenant with said Industrial Trust Company, its successors and
assigns, that we are lawfully seized in fee simple of the said granted
premises, that the same are free from all encumbrances excepting as
aforesaid that we have good and right full power and lawful authority to
sell and convey the same as aforesaid; That said Industrial Trust
Company, its successors and assigns, shall by these presents at all
times peaceably and quietly have and enjoy the said premises, and that
we the said mortgagors shall and our heirs, executors and administrators
shall, warrant and defend the same to said Industrial Trust
Company, its successors and assigns forever, against the lawful
claims and demands of all persons excepting as aforesaid, and
also to pay the moneys, taxes, assessments and other expenses hereby
reserved or deemed provided therefor. Provided, nevertheless, that if we
said mortgagors or our heirs, executors, administrators or assigns shall
pay unto said Industrial Trust Company, its successors or assigns,
the sum of eight thousand two hundred dollars ($8,200) balloons in one year
from the date hereof with interest thereon at the rate of six % per centum
per annum payable semiannually not in advance until said principal
sum is paid whether at once 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 it 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 past now in force or that may be
hereafter enacted, then this deed as well as our promissory note
executable for said mortgagors promise to pay said Industrial
Trust Company or others the sum aforesaid with interest as
aforesaid and at the times aforesaid, shall become and be
absolutely void to all intents and purposes whatsoever.
But if default shall be made in the payment of the said
sum or of interest at the times and in the manner aforesaid,
or of the taxes or assessments aforesaid as the same become
payable, or of any or either of them, or of any part thereof, or if
breach shall be made of the covenant for insurance hereinafter
contained, then it shall be lawful for said Industrial Trust Company
its successors or assigns to levy, for itself or in parell, all and
singular the premises hereby granted or intended to be granted,
or any part or parts thereof, bid the benefit and equity of redemption
of the said mortgagors on their behalf, executors, administrators and
assigns therein by public auction, and to sell for and become the
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purchaser at any such sale, and no other purchaser shall be admissible
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 Washington County,
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 to
us or in their own name or names, or as the attorney or attorneys of
us the said mortgors (for that purpose by these presents duly
constituted 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 to receive the purchase money and thereupon
satisfy in all sums hereby secured, whether then due or to fall due
thereafter, or the part thereof then remaining unpaid and due, the
interest there on due on the same, together with all expenses incident to
such sale or sales, and all costs fees and other expenses incurred
in, or in any way connected with the seizure of these premises, and
all taxes dues assessments or charges, and all premiums for
insurance whatever therefore paid by said Industrial Trust Company,
to its successors or assigns of them remaining unpaid, surrendering
and paying the surplus of such purchase money, if any there be
over and above the amounts to be returned as aforesaid, together
with a true and particular account of such sale or sales, expense
and charges, to us the said mortgors or our heirs, executors, adminis-
trators or bargains, which sale or sales shall forever be perpetuated both
by and against us the said mortgors or our heirs,
executors, administrators and assigns, and all persons claiming
said premises by us or by them, or some or any of them,
until we the said mortgators, for ourselves and for our heirs,
executors, administrators and assigns, shall have paid’ completely with said
Industrial Trust Company, its successors and assigns that we and
they will upon request execute such deed or deeds confirmatory
of such sale or sales as may be necessary or advisable.
And furthermore, we the said mortgators for ourselves and for our
heirs, executors, administrators and assigns, hereby appoint
said Industrial Trust Company its successors and assigns
that insurance against loss by fire shall be kept and maintained
on the building located on the premises aforesaid, in such office or
offices as said Industrial Trust Company, its successors and assigns
shall approve, in a sum not less than eighteen thousand six
hundred ($18,600) dollars, and that all policies of insurance upon
said building shall be assigned and transferred, or made payable in
case of loss to said Industrial Trust Company, its successors and
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assigns, as collateral security hereon, and in default thereof, hereby agree
that said Industrial Trust Company, its successors and assigns, may
effect such insurance either in or on their or our name, or in the names of our
heirs, mortgagors on our behalf or assigns, and that the premiums or premiums
paid therefore shall be a further charge upon said granted premises secured
by these presents as aforesaid.
In witness whereof, we have hereunto set our hands and seal this
1st day of July, A.D. one thousand nine hundred twenty seven (1927)
Signed, sealed and delivered
in presence of
Edward J. Hill
Julia R. Bailey L.S.
Henry D. Bailey L.S.
State of Rhode Island
county of Providence ss.
On Providence on the first day of July A.D. 1927 before me
personally appeared the above named mortgagors Julia R. Bailey and
Henry D. Bailey both of them to me known, sworn by me to be the parties
sealing the foregoing instrument, and severally acknowledged said
instrument by them executed, to be their free act and deed.
Edward J. Hill
Notary Public
Received for record July 1st 1927 at 3:35 o'clock P.M.
and recorded by George Laccoss, Town Clerk
Industrial Trust Company, having received full
payment and satisfaction of the said mortgage, does
hereby cancel and discharge the same.
The Executive Trust and Company has
since succeeded to be the assignee and the Company had to
be executed affected by the Manager and Assistant
Manager, duly authorized, this 30th day of October
A.D. 1927.
Signed and sealed
in presence of
William H. Doyle
Industrial Trust Company (L.S.)
By S. C. Mills, Manager
Geo. S. Wood, Asst Manager
Above discharge received for record October 30th
A.D. 1927 at 4:00 o'clock P.M. and entered by
G. L. Laccoss
Town Clerk
The page as recorded
