The instrument's own words
page 1
To All People to whom these presents shall come, we William
Ferguson and Elizabeth Ferguson his wife and Thomas Palmer and Henrietta
Palmer his wife all of Providence in the state of Rhode Island, hereinafter
called the grantors, send greetings: Know that we the said grantors
for and in consideration of the sum of two thousand (2000) dollars to us in
hand, before the enrolling hereof well and truly paid by the old
Colton Mill Corporation Pawtucket, a corporation created by the act of the
General Assembly of the State of Rhode Island, located in the city of Pawtucket
in said state, hereinafter called the grantee, the receipt whereof we promise
hereby acknowledge, and her hereinafter fully satisfied, contented and
paid, have and hereby grant, bargain, sell, alienate, enfeoff, convey,
assign and deliver, quit and discharge the said grantee and its successors forever,
by these presents, have granted bargained sold alienated enfeoffed
conveyed and confirmed and by these presents do freely fully and
absolutely give grant bargain sell alienate enfeoff convey duly
confirm unto the said grantee its successors as well as well as former,
that certain tract of land with all the buildings and other
improvements thereon, situated on the North side of the Old Road
in the Town of Pawtucket, State of Rhode Island and well bounded and
described as follows, Beginning at the Southwesterly corner of the
premises hereby conveyed at the Southwesterly corner of land of
USA Limited, thence Boundly cornered Southerly on said Old Road 345
(Three hundred forty five) feet to land of said USA Limited, thence
Northerly bounded Northwesterly on pail Area street land 228 (Two
hundred and twenty eight) feet, thence Northeasterly bounded
Northerly on said USA bounded land 349 (Three hundred forty nine)
feet thence Southerly bounded Southeasterly on said USA limited land
228 (Two hundred and twenty eight) feet to the point of Beginning,
Being the same premises conveyed to them mortgagors by Emma
A. Fisher by deed dated February 18, 1927 and recorded in the office
of the First Collector in said Charlestown in deed Book 32 at page 454
and by Greg Lynch by deed dated October 4, 1927.
To have and to hold the said granted and bargained
premises with all the appertainances privileges and commodities
to the same belonging in or any case appertaining to the said
grantee, its successors and assigns forever, to its use benefit their only
proper use, benefit and behalf forever, And we the said grantors
for ourselves and for our heirs, executors and administrators, do
covenant promise and grant to and with said grantee, its
successors and assigns that it and before the enrolling hereof
are the true, sole and lawful owners of the above bargained
premises, and are lawfully seized and possessed of the same
in our own proper right as good perfect and absolute estate
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124 of inheritance in fee simple and have in my good right full
power and lawful authority to grant bargain sell and convey
and confirm the said banished premises in manner as aforesaid
and that the said granted to its successors and assigns shall any
and may from time to time and at all times forever possess by peace
and quieture of these presents lawfully peaceably and quietly have
hold use enjoy possess and enjoy the said defined and
bargained premises with the appurtenances free and clear and
freely and clearly acquitted released and discharged of any
liens in all and all manner of forms or forms of other grants bargains
sales leases rents mortgages wills entails jointures deeds judgments
executions and encumbrances of what name or nature soever
that might in any way encumber or legate either on or made void
this present deed Furthermore we the said grantor for
our ourselves and for our heirs executors and administrators do
covenant and engage the above described premises to the said
grantee to its executors and assigns against the lawful claims and
demands of any person or persons whatsoever forever to warrant
secure and defend the same by these presents Cuta et William Bragdon
and Elizabeth Bragdon his wife and Thomas Bloomer and Henrietta
Bloomer his wife in consideration of the sum aforesaid to
namely release and forever quit claim all our right our entry and dover
respetively in and to the aforementioned premises
Provided nevertheless that we the said William Bragdon his heirs
executors or administrators shall well and truly pay to the said
Old stone store operative Bank its successors or assigns the
sum of five thousand dollars together with the interest and
premium thereon all in 164 monthly payments of fifty dollars
each payable on the fifteenth day of each and every month
succeeding the date date of this write said payments are made in
the manner and according to the terms and conditions of a
certain bond executed by said Grantors bearing date herewith
for the sum of ten thousand dollars conditioned to pay said sum
of five thousand dollars together with the interest and premium
thereon all in said equal monthly payments as aforesaid and
shall pay all fines for delinquency in payment all specified in said
bond all such amounts for insurance when said premises
as also therein specified and shall pay all taxes and assessments
of every kind which now are or may hereafter be assessed or
levied on said premises as they shall become due until said bond
shall be paid and satisfied which said bond is hereby referred to and
made a part hereof and shall well and truly help and perform
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all the terms and conditions of said bond and all and singular the
covenants herein contained of the part of the said grantors to be kept and
performed, then this deed shall be void, otherwise it shall be and remain in
full force and effect. But if default shall be made in the payment
of any of the sums of money, at the time or times when the
said sums are payable, or of any of the 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 hereinbefore contained, or if breach shall
be made of any of the covenants contained in said bond and such
default or breach shall continue for three months, then it shall be lawful
for the said Old Colony Iron Horse Cooperative Bank its successors or assigns, to sell
and dispose of the whole or in parcels all and singular the premises
hereby granted by the part of the grantor or the benefit and dignity
of subinfeudation of the said grantors, their heirs executors, administrators and
assigns in their office at Providence and to bid and become the purchaser
of such sale 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 of Providence, and such
sale or sales to be upon the premises sold or lease as specified in
such notice, and to admit admissions such will from time to time, and
in its or their own name or names, or as the attorney or attorneys
irrevocable of the said grantors (for this purpose hereby plenarily duly
authorized and appointed with full power of substitution and by
reconvention), to make execute and deliver to the purchaser or purchasers
thereof, a good and sufficient deed or release of the same in full sumly,
and to take in the proceeds of such sale or sales, and from such
proceeds to satisfy all sorts of money heretofore mentioned and
due said bank under said bond, together with all expenses incurred
to such sale or sales, and any further assessments and premiums
of insurance therefore paid by said Old Colony Iron Horse Bank to its
successors or assigns upon said granted premises, by the attorney
fines and penalties due according to said bond, then remaining
unpaid, rendering and paying the surplus of said proceeds if any,
if any there be, on and after the amounts to be retained as aforesaid
together with a true and particular account of such sale or sales,
expenses and charges, to the said grantors, their heirs executors,
administration or assigns, right sale or sales to be made, shall
form a perperual bar both in law and equity against said
grantors their heirs and assigns, and all persons claiming or to
claim said premises either by way from or under them or any of them.
And furthermore, we the said grantors, for ourselves and for
our heirs, executors, administrators and assigns, do hereby
covenant with the said Old Colony Iron Horse Cooperative Bank its successors.
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126 and assigns, that insurance against loss by fire shall be bought and
maintained upon the buildings on the premises aforesaid, in a sum
not less than five thousand dollars, and that such insurance shall be
made payable, in case of loss, to the said Old Colony Loan and Investment Bank,
its successors and assigns, and do hereby agree that the said Old Colony
Loan and Investment Bank, its successors and assigns may effect such
insurance in the name of us the signifiers on our behalf or assigns
payable in case of loss to said Bank, its successors or assigns, and that the
premiums or premiums paid therefor shall be a further charge upon
said granted premises secured by these presents; and we said
do hereby namely make, constitute and appoint the general managers
for the time being of said bank, its successors or assigns our true and
lawful attorneys or attorneys, irrevocably, in our own name and stead
to adjust any and all loss that may occur under any such insurance
which is payable in case of loss to said bank, and to give discharging
receipts for any and all sums received in settlement of such loss and
we the said beloveds furthermore agree to pay the premiums in all such
insurances placed at the expense of said bank within thirty days after
such insurance becomes effective.
In testimony whereof we have hereunto set our hands and seals this
this 6th day of December in the year of our lord one thousand nine hundred
and twenty seven.
Signed, sealed and delivered
in presence of
Leighton M. Crompton.
William Gregson L.S.
Elizabeth Gregson L.S.
Thomas Bloomer L.S.
Henriette Bloomer L.S.
State of Rhode Island
County of Providence
In Providence on the 6th day of December A.D. 1927 before me personally
appeared William Gregson, Elizabeth Gregson, Thomas Bloomer and Henriette
Bloomer to me known and known by me to be the parties executing the
foregoing instrument, and they acknowledged said instrument, by them
sealed, to be their free act and deed.
Leighton M. Crompton
Notary Public
Received for record Dec 12th 1927 at 10 o'clock A.M.
and recorded by George B. Ross, Town Clerk
[Signature]
[Signature]
[Signature]
[Signature]
[Marginalia: This is a copy of a mortgage from William Gregson et al to Old Colony Loan and Investment Bank dated Dec 6, 1927.]
[Bottom note: Return date’s records returned, June 5th A.D. 1934 at
six o'clock P.M. and received by L. L. Brown
Town Clerk]
The page as recorded
