4/4/1930 · MORTGAGE · book 24 page 80 doc 8670

80 KNOW ALL MEN by these presents that I, S. Charles R. Parsons of Hartford, county of Hartford and State of Connecticut (hereinafter called the mortgagor) in consideration of the sum of Two thousand ($2000) Dollars to me paid by Industrial Trust Company, a corporation created by the General Assembly of the State of Rhode Island, and located and conducting business in the city and county of Providence in said State, the receipt whereof is acknowledged, do hereby grant, bargain, sell and convey unto said Industrial Trust Company, its successor and assigns forever certain lot forming a parcel of land with dwelling house and other improvements thereon standing, and lying and being in the form of a triangle from county of Washington and State of Rhode Island, and more fully bounded and described as follows, Lots Number 38 and 39 as shown and delineated on a certain plan or plat entitled "Plan of Incorporating central beach, Charlestown, Rhode Island, North & South, lines segments right get to the North October 17th 1924, Perry and lower edges longer," said parcel being one of the lots in the town clerk's office in said town of Charlestown during the same premises conveyed to this mortgagor by deed from Edward S. Finch, dated the 29th day of December 1925 and recorded in the town evidence records of the said town of Charlestown in Book 22 at page 125. Evidence to said deed being hereby cited and made the same are made a part of these presents, together with all the rights of way and other rights annexed in the aforesaid deed and subject to all the easements and restrictions therein named, To have and to hold the above pointed premises with their appurtenances unto and to the use of said Industrial Trust Company, its successor and assigns forever, and I, the said mortgagor, do hereby, for myself and for my heirs, executors and administrators covenant with said Industrial Trust Company, its successors and assigns that I am lawfully seized in fee simple of the said granted premises; that the same are free from all encumbrances except for a mortgage now said by Industrial Trust Company, that I have good and right full power and lawful authority to sell and convey the same in manner as aforesaid, that said Industrial Trust Company, its successor and assigns, shall at all times hereafter peaceably have and enjoy the said premises, and that the said mortgagor will and his successors and administrators shall warrant and defend the same to said Industrial Trust Company, its successors and assigns from, against the claims, demands and demands of all persons what so ever aforesaid, and agree to pay from the money, fees, assessment and other expenses hereby assured as described hereafter, and for the consideration aforesaid of Edward S. Finch, ancestor of the said Charles R. Parsons do hereby release all my right of ownership and to the said granted premises unto said Industrial Trust Company, its successors and assigns, from. Provided,

Nevertheless, that if I the said mortgagor, or my heirs, executors, administrators or assigns, shall fail to pay unto said Industrial Trust Company, its successors or assigns, the sum of Two thousand (2,000) Dollars in six (6) months from the first next of sixth interest thereon at the rate of six (6) per centum per annum, payable semi-annually, in advance until said principal sum is paid whether at or after maturity, and all installments of interest in arrears whether before or after maturity, bearing interest at the rate aforesaid until paid, and shall fail to pay all taxes and assessments of every kind levied or assessed upon or in respect of said premises, or upon said Industrial Trust Company, its successors or assigns, in respect of this mortgage or mortgages debt, whether such statutes be in force or not may be hereafter enacted than this deed, it is my promising most solemnly that I the said mortgagor agree to let said Industrial Trust Company or seller, the same conveyed with interest et accrued at the times aforesaid, such become due and the maturity of and to all intents and purposes whatsoever. But if payment shall be made in the payment of the said sum or of said interest at the times and in the manner aforesaid, or of the taxes or assessments aforesaid as the same become payable, or of any one or either of them, or any part thereof or if breach shall be made of the covenants here in assurance hereinafter contained, then he shall be authorized for said Industrial Trust Company, its successor or assigns, to sell either as a whole or in parcels, as and singular the premises hereby mortgaged or intended to be mortgaged, or any part or parts thereof, and the benefit and right of redemption of the said mortgagor and of the said land’s heirs, executors, executors, administrators and assigns thereon, at public auction and to bid for and become the purchaser at any such sale, and no other purchaser shall be amenable for the Application of the purchase money first giving notice of the time and place of sale, by publishing the same at least once for each week for three successive weeks in some newspaper published in said Washington county with power to adjourn such sale from time to time and cause the same upon the premises or elsewhere as specified in such notices and in its or in their own name or names, or as the attorney or attorneys of the said mortgagor and of the said land’s heirs for that purpose by them appointed and authorized and provided with full power of substitution and revocation, to make, pass and execute to the purchaser or purchasers at such sale proper, good and sufficient deed or deeds of said premises in fee simple; and to receive the purchase money, and therefrom to retain all sums hereby secured, whether then due or will be thereby, or the part thereof then remaining unpaid, and also the interest then due on the same, together with all expenses incident to such sale or sales, and all counsel fees and other expenses incurred in or in

82 any way, connects with the exterior of these premises, and all lots and improvements as aforesaid, and all premiums for insurance, in this premises paid by said Industrial Trust Company, its successors and assigns, to him remaining unpaid, rendering and paying the same as said insurance money, if any there be over and above the amount so to be returned as aforesaid, together with all sums and amounts account of such paid in payment of expenses and charges, to the said mortgagor, his heirs, executors, administrators or assigns, which in the event of a sale will be a preferential debt both in law and equity, against the said mortgagor, and the said Elena L. Parsons, her heirs, devisees, administrators and assigns, and all persons claiming said premises no deed from or under or from any of them. And I, the said mortgagor, for myself and for my heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that I or they will whom request requests such deed or deeds confirmatory of such sale or sales as may be necessary or advisable. And furthermore, I the said mortgagor, for myself and for my heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office as is agreed said Industrial Trust Company, its successors and assigns, shall approve, in a sum not less than two thousand (2,000) Dollars, and that all policies of insurance on said buildings shall be endorsed and transferred or made payable in case of loss to said Industrial Trust Company its successors and assigns, as collateral security first, and, in default thereof, hereby agree, that said Industrial Trust Company, its successors and assigns, may effect such insurance either in its or their own name or in the name of said mortgagor, and heirs or assigns, and that the premium or premiums paid shall be a further charge upon said granted premises paid by the mortgage presents as aforesaid. In witness whereof, we have hereunto set our hands and seals this second day of April A.D. one thousand nine hundred thirty Signed, sealed and delivered In presence of Hilbert L. Binnet Lobhat R. Parsons L.S. Vena S. Parsons L.S. State of Rhode Island county of Providence Ss, On yesterday on the second day of April A.D. 1930 before me personally appeared the above named Lobhat R. Parsons

and vena & Parsonry burke land and orth, each and all to me known, known by me to be the parties executing the foregoing instrument and severally acknowledging said instrument by them executed, to be their free act and deed. Stibbertly, Burret Mary Turie Received for record April 4, 1930 at 9-15 oclock A.M. and recorded by George L. Cross. Tom Clerk I. David Gound Company, knowing, named full payment and satisfaction of the debts mentioned, was hereby summed and discharged the same. For the Company thing, and Company has caused these presents to be signed and the Company seals to be here - unto affixed by the Manager & the Clerk Manager of the Company, Witnessed this 28th day of July A.D. 1788 Signed and sealed in presence of David Gound Company By James M C Shallen, Manager Louis Read Station, Clerk Manager above acknowledged received full payment August 28th 1788 a.m. which was recorded by L. L. B. Cross. Tom Clerk I, Ebanoel Baker (in my own right and by virtue of Power of attorney, from my paintbrush, Holbad Hamilton Baker and receive in land boundaries of Cohasset Red Road 20.50 range 11/9 North Kingston, Rhode Island, for consideration paid, grant to Arnold R. Wright and spouse to Henrich both of Province, Rhode Island, with warranty conversely. That certain real estate situated in Cohasset, County of Washington in the State of Rhode Island, and described as follows: Beginning at the shore of Narragansett Bond at the mark where the land newly arrived and land of said sewage (henceforth) those property containing precisely by said nail one hundred and six lot more or less to said Arnold R. Wright; Hence easterly bounding mittling way for 38 clensing to said Wright and partly by lot of bordering of tharner, one miniature (12) foot to a road, hence southerly bounding easterly by said road fifty (50) foot to the land newly arrived by rock bounding hence Northerly bounding Southerly, by said nailed out fifty (50) feet Hence southerly bounding easterly by said bound nailed out fifty (50) feet, more or less to said boundaries bond. Hence Northerly bounding southerly by said road fifty, 30 foot more or less, to the point of beginning, every debting price exceed on paid premises shall be well followed, as a residence for a home firmly, that no outbuilding except those necessary for the use and enjoyment of said dwelling house. In case a comfortable sale of said granted premises notice shall be given thirty days;