6/21/1930 · MORTGAGE · book 24 page 147 doc 8716

147 I, Albert B. Perry, unmarried) of Charlestown, Washington county, Rhode Island for consideration paid grant to Samuel S. Moore, f of said Charlestown, with warranty covenants that certain real estate situated in Charlestown, county of Washington in the State of Rhode Island, and described as follows, (being the northern one half part beginning at the north east corner of the track near the mouth of Narragansett Bay x--- the south west corner of said boundary by North 35 degrees West, from boundary corner north westerly by said boundary to the north east corner of the said lot north west more on the South west corner of said basin hand, North easterly by Line X---a--- part, North westerly by said bond, bounding northerly boundary and southerly by said boundary of George A. Foster, North westerly bordering northerly by said hand and easterly by said feet to the place of beginning of however otherwise tenured. Witness my hand this 19th day of June 1930. Albert B. Perry. George G. Cox State of Rhode Island County of Washington By me a Notary Public on the 19th day of June, 1930 before me personally appeared Albert B. Perry to me known and known me to be the party executing the foregoing instrument, and he acknowledged said instrument by signing special to be his free act and deed. Hinge [signature] Notary Public. Received for record June 19th 1930 at 10-35 o'clock p.m. and recorded by George G. Cox, Town Clerk. Know all Men by these presents; That we, Wendell O. Orchard and Rachel R. Orchard, husband and wife of Bristol, county of Bergen, in the State of New Jersey, (hereinafter called the mortgagors) in consideration of four thousand, 4,000 Dollars to us paid by Industrial Trust Company, a corporation created by the General Assembly of the State of Rhode Island, situated, and having principal offices 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 successors and assigns), forever, a certain lot or parcel of land, with dwelling house and other improvements thereon situated, situated and being in the Town of Charlestown, in the county of Washington, in the State of Rhode Island, bounded and described as follows, said known as Lot number twenty five (25) as shown and delineated on a certain plan or plat entitled "Plan of Narragansett Bay near canal Beach, Charlestown, R.I., Thorp & Trainers, Inc. Agents eighty feet d

be hereafter enacted, then this deed acts as a void promissory note in favor of the said mortgagees or nominees to pay raid Industrial Trust company, the full sum aforesaid with interest as aforesaid, at the times aforesaid, shall become and be absolutely void to all witnesses and persons whatsoever. But if default 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 dues or covenants aforesaid as the same become forfeitable, 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 sell, together in or parts, all and singly the premises hereby granted, conveyed or intended to be granted, or any part thereof, and the benefit and equity of redemption of said premises or mortgage and of the said Howell S. Orchard and Rachel R. Orchard, their heirs, executors, administrators and assigns thereof, at public auction, and to bid for and become the purchaser at any such sale, and no other person shall be answerable to the satisfaction of its 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 the Town of East Greenwich, Rhode Island, with power to adjust such sale from time to time, and such sale to be upon the premises elsewhere as specified in such notice; and in its or their own name or names, or as the attorney or attorneys of the said mortgage and of the said Howell S. Orchard and Rachel R. Orchard (for what purpose by these presents hereby authorize and appoints, with full power of substitutes and successors), it makes, sells and delivers to the purchaser or purchasers at such sale or sales, good and sufficient deed of conveyance of the premises in fee simple, and its receive the purchase money, and furthermore to retain all sums hereby secured, whether then due or if not all due therefore, or the part thereof then remaining unpaid, and all interest then due on the same, together with all expenses incident to such sale or sales, and all commissions and other offsets incurred in or, or in any way connected with the sale of these premises, and all taxes and assessments at present, and all premiums for insurance, unless paid by said Industrial Trust Company, its successors or assigns, then remaining unpaid, retaining and paying the surplus of said purchase moneys, if any there be over and above the amounts so to be retained as aforesaid, together with a full and particular account of such sale or sales, expenses and charges, to the mortgagors, their heirs, executors, administrators or assigns, whom said sale shall forever bar and extinguish both in law and equity against the said mortgagees and the said Howell S. Orchard and Rachel R. Orchard, their heirs, executing, administrators and assigns, and all persons claiming said premises not sold by from or under them

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such form as said Industrial Trust Company, its successors and assigns shall approve, in a sum not less than four thousand three hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, its heirs or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these currents so agreed. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Butcliff Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliff Mary Pablos L.S. Received for record June 30 1940 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Industrial Trust Company, its successors and assigns shall determine, in a sum not less than four thousand six hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance whether in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these currents so aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Butcliffe Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliffe Mary Pablos L.S. Received for record June 30 1940 at 9:15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Industrial Trust Company, its successors and assigns shall determine, in a sum not less than four thousand three hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these presents aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Buttsiff Howell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Howell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Buttsiff Mary Pablos L.S. Received for record June 30 1940 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office and of such Industrial Trust Company, its successors and assigns, shall assure, in a sum not less than four thousand three hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these currents so aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Butcliffe Howell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Howell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliffe Mary Pablos L.S. Received for record June 30 1940 at 9:15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Industrial Trust Company, its successors and assigns shall determine, in a sum not less than four thousand six hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance whether in its or in their own name, or in the name of said mortgagors, its heirs or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these presents aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Butcliffe Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliffe Mary Pablos L.S. Received for record June 30 1940 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such form as said Industrial Trust Company, its successors and assigns shall approve, in a sum not less than four thousand three hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, in whom or assigns and that the premiums or premiums paid therefore shall be a charge upon said premises caused by these currents so agreed. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred forty signed, sealed and delivered in presence of Helen E. Butcliff Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1940 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliff Mary Pablos L.S. Received for record June 30 1940 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Industrial Trust Company, its successors and assigns shall determine, in a sum not less than four thousand thirty four, 00 dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security thereto and, in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these currents so aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred thirty signed, sealed and delivered in presence of Helen E. Buttsiff Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island County of Washington Ss. in Westerly on the 30th day of June A.D. 1930 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Buttsiff Mary Pablos L.S. Received for record June 30th 1930 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office and of such Industrial Trust Company, its successors and assigns, shall amount to a sum not less than four thousand thirty four hundred dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance either in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a further charge upon said premises caused by these currents so agreed. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred thirty signed, sealed and delivered in presence of Helen E. Butcliff Howell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island county of Washington ss in Westerly on the 30th day of June A.D. 1930 before me personally appeared the above named Howell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Butcliff Mary Pablos L.S. Received for record June 30 1930 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk

150 or any of them, And on the said mortgages, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns, that we or they will upon request execute such deed or deeds confirming of such sale or sale as may be necessary or advisable; and furthermore, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with said Industrial Trust Company, its successors and assigns that insurance against losses by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as said Industrial Trust Company, its successors and assigns shall determine, in a sum not less than four thousand thirty four, 00 dollars, and that all policies of insurance on said building shall be assigned and transferred, or made payable in case of loss to said Industrial Trust Company, its successors and assigns as collateral security therefore, and in default thereof, hereby agree that Industrial Trust Company, its successors and assigns, may, effect such insurance whether in its or in their own name, or in the name of said mortgagors, in need or assigns and that the premiums or premiums paid therefore shall be a charge upon said granted premises caused by these currents aforesaid. In witness whereof, we have hereunto set our hands and seals this 30th day of June A.D. one thousand nine hundred thirty signed, sealed and delivered in presence of Helen E. Buttsiff Honell R. Richard L.S. Rachel R. Richard L.S. State of Rhode Island County of Washington ss in Westerly on the 30th day of June A.D. 1930 before me personally appeared the above named Honell R. Richard and Rachel R. Richard, husband and wife, each and all to me known, and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument to me, recognizing it to be their act and deed. Helen E. Buttsiff Mary Pablos L.S. Received for record June 30 1930 at 9-15 o'clock A.M. and recorded by George Colburn, Town Clerk