7/31/1943 · MORTGAGE DISCHARGE · book 23 page 23 doc 8244@23/23

KNOW ALL MEN BY THESE PRESENTS, That We, George S. Gare and Gladys N. (also known as Gladys Ellen) Gare his wife, both of the town of Charlestown, in the State of Rhode Island, hereinafter called the mortgagor, for consideration paid, do hereby give, grant, bargain, sell and convey to the FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PROVIDENCE, a United States corporation, doing business in Providence, Rhode Island, hereinafter called the mortgagee, its successors and assigns forever, for the purpose of securing the payment of TWENTY-TWO HUNDRED ($2200) Dollars with interest upon the date hereof at the rate of Six (% 6) per cent per annum on the unpaid balance, principal and interest payable in installments of Fifteen and 76/100 ($15.76) Dollars on the first day of every first and each month, beginning on the first day of April 1939, to be applied first to interest on the unpaid balance and the remainder to principal, un- til said debt is paid in full with the right to make additional payments on account of said principal sum on any payment date except that when a prepayment made at any time equals or ex- ceeds 23 per cent of the original principal amount of the Loan not more than 90 days interest on the amount of such prepayment then made may be charged, and also to secure the performance of all covenants and agreements herein contained; And the mortgagor covenants and agrees that, at the option of the Association, the stipulated rate of interest in this mortgage may be increased to not more than 8 per cent per annum, provided, however, that the Association may not exercise such right in less than three years from the date of this mortgage and then only upon at least four months' written notice to the borrower and it is further provided that in such an event the borrower may repay the loan within such notice period with interest at the existing rate and without any other penalty; And at the option of the Association, on a loan which is delinquent by reason of the non-payment of any sum due the Association there may be charged an additional rate of interest, but such additional charge shall not exceed a per annum rate of one-half of one per cent of the unpaid balance of the loan for the period of delinquency; All as provided in our note of even date; All and singular the foregoing described land together with the buildings and improve- ments thereupon - That certain real estate situated in the Town of Charlestown, County of Washington, State of Rhode Island, and described as follows: Beginning at a point at the end of a stone wall on the easterly side of the State Highway leading from the Village of Carolina to the Village of Glocum; said point being the northeasterly corner of the premise being conveyed to the southwesterly corner of Land of George S. Gare and Gladys N. Gare; thence in a general easterly direction, following the course of said wall, a distance of two hundred (200) feet thence a southwesterly direction, following the course of a stone wall (200) (200) feet, more or less, to a point on the northerly side of the Town Highway leading from the State Highway to the premises of George S. Gare; thence easterly by the point being two hundred (200) feet (easterly) from the junction of said highways; thence southeasterly, running parallel to the highway a distance of one hundred (100) feet to said State Highway thence northerly, bounded westerly by said State Highway a distance of the 200 feet, to the point of beginning; bounded northerly by said and place of beginning; bounded northerly by said land of Brenda S. Baker, easterly by land of Frank S. Sweet and westerly by the State Highway, or otherwise the boundaries as the same says may be bounded or described. Being the same premise conveyed to George S. Gare by deed from Frank S. Sweet and Emma L. Sweet, his wife, dated June 23, 1938 and recorded in the land evidence records of the Town Clerk in said Town of Charlestown in said Book 26 and Page 439. Together with and including as a part of the realty all portable or sectional buildings, heating apparatus, plumbing, ranges, mantels, storm doors and windows, oil burners, tanks and oil and electric fixtures, screens, storm doors, awnings, electrics and gas refrigerators, air con- ditioning apparatus, and other fixtures of whatever kind and nature, on said premises, or hereafter placed thereon prior to the full payment and discharge of this mortgage, insofar as the same are or can be agreed by agreement of the parties made a part of the realty. TO HAVE AND TO HOLD the afore-granted premises, with all its rights, privileges, and appur- tenances thereunto belonging, unto and to the use of the said mortgagees, and its successors and assigns forever.

495 STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly on the 31st day of December, 1938 before me personally appeared Rogers Z. Trainer and Florence T. Trainer, husband and wife, known to me and by me to be two of the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed, to be their free act and deed. HOWARD S. THORP Notary Public. Received for record January 6th, A. D. 1939 at 9:55 o'clock, a. m., and recorded by [signature] Town Clerk ---- I, Florence T. Trainer of the Town of Westerly, County of Washington, State of Rhode Island for consideration paid, grant to Mary Ernestine Buddington of the City of Starke, County of Bradford, State of Florida WITH MORTGAGE COVENANTS, to secure the payment of Thirty-Five Hundred Dollars in Five years with interest at Six per centum per annum, payable semi-annually in advance as provided in a certain negotiable promissory note of even date herewith. That certain real estate situated in Charlestown, County of Washington in the State of Rhode Island, and described as follows: A certain tract or parcel of land with summer cottage and other improvements thereon and including the furniture and furnishings contained therein. Said lot being situated on the Narragansett Bay side of the road leading from Charlestown to Watch Hill, Town of Charlestown, Rhode Island and bounded and described as follows to wit: Lot No. 112 as shown and delineated on a certain plan or plat entitled, "Plan of Quonochontaug Central Beach" made by the firm of "S. S. Moore, Architects, Inc., Agents, 80 feet to the south, October, 1924, Rossel A. Lewis, Engineers", recorded December 10, 1925, said plan or plat being on file in the Town Clerk's Office in said town of Charlestown. Meaning and intending to convey one of the lots conveyed to this mortgagor by Howard S. Thorp by deed dated December 31, 1925, and duly recorded in the Land Evidence Records of said town of Charlestown in Book 15, page 111. This deed is subject to all the covenants, conditions, agreements and restrictions and privileges and rights, all of the rights, privileges, easements and benefits as expressed is said deed from Howard S. Thorp in the aforesaid book and page and the same are made a part hereof and the records therefore being had and made the same are made a part hereof for a more complete description and identification of the premises hereby conveyed. This mortgage is made upon the STATUTORY CONDITION and WITH THE STATUTORY POWER OF SALE. I, Rogers Z. Trainer husband of the mortgagor, release my to the mortgages all my right of curtesy and all other interest is the aforementioned premises. WITNESS our hands this 31st day of December 1938. FLORENCE T. TRAINER (Seal) ROGERS Z. TRAINER (Seal) STATE OF RHODE ISLAND } County of Washington } In Westerly on the 31st day of December, 1938 before me personally appeared Rogers Z. Trainer and Florence T. Trainer, husband and wife, to me known, and by me to be the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed, to be their free act and deed. HOWARD S. THORP, Notary Public. Received for record January 6th, A. D. 1939 at 9:10 o'clock, a. m., and recorded by [signature] Town Clerk