8/31/1964 · MORTGAGE · book 39 page 676 doc 8616@39/676

676 MORTGAGE DEED KNOW ALLMEN BY THESE PRESENTS, That We, WILLIAM M. KING and NINA P. KING, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island, hereinafter called the "Mortgagors," for consideration paid, grant to WESTERLY COMMUNITY CREDIT UNION, a corporation created under the laws of the State of Rhode Island and having a place of business in the said Town of Westerly, Rhode Island, hereinafter called the "Mortgagee," with MORTGAGE COVENANTS, to secure the payment of -----------THREE THOUSAND AND 00/100 dollars ($3,000.00) DOLLARS IN SEVEN (7) years with interest at SIX ----------(6%) per centum per annum, payable monthly, as provided in a certain negotiable promissory note of even date herewith, a certain one parcel of land, together with the buildings and improvements now or hereafter erected thereon, including any portable or sectional buildings, all screens, storm doors and windows, swings, stoves, heating plants, plumbing, gas and electrical fixtures, oil burners, air conditioning units, and other equipment of whatever kind necessary or incidental to the property or use thereof, now located on or hereafter placed upon said premises, prior to the full payment and discharge of this mortgage, all of which are declared to be part of the realty, situated and in near Quonochonticut, in the Town of Charlestown, County of Washington and State of Rhode Island, bounded and described as follows, to wit: Commencing at the southeasterly corner of said tract at a granite post set in the ground at the westerly edge of the West Beach Road, Charlestown, R.I. and running in a general northeasterly direction in a straight line off Edge Hill Crossing and Parallel to Edge Hill Crossing, and running in a general northeasterly direction in a straight line, bounded southeasterly by said Crandall land, and through a stone wall with a drill hole in it and to the line of ownership of Quonochonticut Beach Association, and running in a generally northerly direction, bounded easterly by said Pond estate of approximately eighty-five feet, six inches (85' 6") or more or less, to a boundary line of ownership of Quonochonticut Beach Association, and running in a generally westerly direction, bounded northerly by said Pond estate of approximately eighty-five feet, six inches (85' 6") or more or less, to a boundary line of ownership of Quonochonticut Beach Association, and running in a generally southwesterly direction in a straight line, bounded northeasterly by norm and Forever W. Hutton and Emma S. Hutton, a distance of one hundred ninety-nine feet, nine inches (199' 9") or more or less, to a boundary line of ownership of Quonochonticut Beach Association, and running in a straight course, bounded northeasterly by said Huttons land to a distance of one hundred twenty-four feet, four inches (124' 4") or more or less, to a boundary line of ownership of said Huttons land, and running in a generally southwesterly direction in a straight line to the West Beach Road a distance of one hundred (100) feet to the point and place of beginning. Meaning and intending to convey the same premises conveyed to the Mortgagors in now, and by the Warranty Deed of William G. Hutton and Emma S. Hutton, dated November 10, 1956 and recorded in the Land Evidence of said Town of Charlestown, R.I., in Book No. 32, page 370, to which deed and the record thereof reference is hereby had and made. Subject to lime fence agreement of record. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE: provided, however, that a foreclosure may be held upon the premises or elsewhere at the option of the Mortgagee; as specified in notice of such sale. This mortgage is made subject to those additional agreements and covenants contained in an instrument executed herewith by the Mortgagors, a copy of which has this day been received by the Mortgagee in Book No. 38 at page 21. Said agreements and covenants are by reference made part of this mortgage and in default shall be made in the observance or performance of any of the same, it shall be lawful for the Mortgagee to sell the above described premises pursuant to said STATUTORY POWER OF SALE. And for the consideration aforesaid, we, the said Mortgagors release to the Mortgagee all of our respective rights and/or interest, statutory otherwise in the aforementioned premises. WITNESS our hands this 28th day of August, A. D. 1964. WILLIAM M. KING NINA P. KING STATE OF RHODE ISLAND COUNTY OF WASHINGTON In Westerly, on the 28th day of August, A. D. 1964, before me personally appeared WILLIAM M. KING and NINA P. KING, husband and wife, both to me known and known by me to be the parties executing the foregoing instrument, KING, husband and wife, and severally acknowledged said instrument, by them executed, to be their free act and deed. Charles F. Trumpetto Notary Public Received for record August 31st A. D. 1964 at 1h1 o'clock p.m., recorded and by - Jean M. LaFleur - Deputy Town Clerk