2/2/1933 · MORTGAGE · book 25 page 262 doc 9172

262 KNOW ALL MEN BY THESE PRESENTS That I, John P. Phirponen alias John M. Phirponen of Kenyon in the County of Washington, State of Rhode Island Island (hereinafter called the mortgagor), in con- sideration of THIRTY TWO HUNDRED Dollars to me paid by THE FEDERAL LAND BANK OF SPRINGFIELD, a corporation duly established under the laws of the United States of America and having its usual place of business in the City of Springfield, Massachu- setts, in Federal Land Bank District Number One, (hereinafter called the mortgagee), the receipt whereof is hereby acknowledged, do hereby give, grant, bargain, sell and convey unto the said mortgagees and its successors and assigns forever, all that land, with the buildings and improvements thereon, situated in the Town of Charlestown in the County of Washington in the State of Rhode Island, in said District Number One, that tract or farm of land with all buildings and improvements thereon, situated in the Town of Charlestown, County of Wash- ington State of Rhode Island, being bounded on the northeast (95) acres of land, more or less, with a highway passing north and south through said farm, and also with a highway passing across the said farm westerly to the main highway; bounding on the north northerly part by lands of Joseph C. and Annie C. Lavelle and partly by land now more or less owned by S. Kenyon on the said land now more northerly from John S. Kenyon on the said land now more or formerly of John S. Kenyon on the said land now more or formerly of John S. Kenyon on the east by Main Street from the south- called, until it comes to the line of land now or formerly of Charles P. Wheeler thence until it comes to the line of land said Charles P. W. Wheeler until it comes to the place of beginning at the north- west corner of said land. being the same premises conveyed by deed of Adeline Holburn to John Phirponen dated February 17th 1915, and recorded in the records of Land Evidence in said Charlestown in Book 18 in page 150. Subject to a power lien easement. To HAVE AND TO HOLD the aforementioned premises, with all the privileges and appurtenances thereto belonging, unto and onto the use of the said mortgage and its successors and assigns forever. And the said mortgagor, does hereby, for himself and for his heirs, executors and administrators, covenant with the said mortgagee and its successors and assigns that he is lawfully seized in fee simple of the said granted premises; that the same are free from all incumbrances that he has very good right, full power and lawful authority to sell and convey the same in the manner as aforesaid; that the said mortgagee and its successors and assigns shall by these presents at all times hereafter peace- ably and quietly have and enjoy the said premises, and that the said mortgagor will, and his heirs, executors and administrators shall, warrant and defend the same to the said mortgagees and its successors and assigns forever against the lawful claims and demands of all persons. and for the consideration aforesaid I, Hilja M. Phirponen, wife of said John Phirponen do hereby release all my right of dower in and to the said granted premises unto the said mortgagee and its successors and assigns forever. PROVIDED, NEVERTHELESS, this conveyance is made upon the express condition, that if the said mortgagor or his heirs, executors, administrators or assigns shall pay unto the said mortgagees or its successors or assigns, the sum of THIRTY TWO HUN- DRED Dollars with interest thereon at the rate of 6% per centum per annum, in ac- cordance with the terms of a promissory note made by the said mortgagor bearing date even with these presents and made payable to the order of said mortgage, wherein both principal and interest are made payable in 66 semi-annual payments on an amortization plan as therein provided; all defaulted payments to bear interest at the rate of six per centum (6%) per annum until paid; provided, however, that after five years from the date he signed the said mortgagor, his heirs, executors, administra- tors or assigns, upon any regular installment date may make additional payments, for

263 the reduction of the principal of the mortgage debt or may pay the entire principal of the mortgage debt then remaining due; shall pay all taxes, liens, and assessments of every kind, lawfully levied or assessed upon or in respect of said granted premises or on any interest therein, or on the debt secured hereby; shall expend exclusively for the purposes set forth in the application for this loan, heretofore filed with said Bank, the whole of said loan received by the mortgagor as consideration for this mort- gage; shall work the premises herein described in a good and husbandlike manner; shall not abandon or cease to use said premises for farm purposes; shall keep the buildings thereon in good repair and not allow them to become vacant or unoccupied; shall not remove or demolish any of said buildings; shall not cut or remove wood or timber from said premises except for domestic use; and shall not commit or suffer any strip or waste of the granted premises or any breach of any covenant herein contained; this deed, as also said promissory note, shall become and be absolutely void to all intents and purposes whatsoever. BUT IF DEFAULT shall be made in the payment of any of said interest or semi- annual payments at the time or times and in the manner aforesaid, or, of any or either of them, or of any part thereof, or if breach shall be made of the covenants for insurance hereinafter contained, or of any other condition or covenant of this mortgage, then it shall be lawful for the said mortgagees, its successors or assigns, to sell, together or, in parcels, all and singular the premises hereby granted, or intended to be granted, or any parts thereof, and the benefit and equity of redemption of the said mortgagor and his heirs, executors administrators and assigns therefrom, at public auction upon the premises, and to bid for and become the purchaser or purchasers at any such sale, (and no other purchaxor or pur- chasers shall be answerable for the application of the purchase money), first giving notice of the time and place of such sale by publishing the same at least once each week for three successive weeks in some newspaper published in Washington County, with power to adjourn such sale from time to time, provided that the publishing of said notice shall be continued, together with a notice of the adjournment or adjournments, at least once each week in the same newspaper; and in its or their own name or names as the attorney or attorneys of the said mortgagee, (for that purpose by these presents duly authorized and appointed with full power of substitution and revocation), to make, execute, and deliver to the purchaser or purchasers at such sale a good and sufficient deed or deeds of said premises in fee simple, and to receive the proceeds of such sale or sales, and from such proceeds to retain all sums hereby secured, whether then due or to fall due thereafter, 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, or for making demands hereunder, and for fees of counsel at attorney, and all costs or expenses incurred in the exercise of said powers, and all taxes, liens, assessments and premiums for insurance, if any, either there- tofore paid by the said mortgagor, its successors or assigns, or then remaining unpaid upon said granted premises, rendering and paying the surplus of said proceeds of sale, if any there be, over and above the amounts so to be retained as aforesaid, together with a true and particular account of such sale or sales, expenses and charges to the said mortgagor, his heirs, executors, administrators or assigns which sale or sales made as aforesaid shall forever be a perpetual bar both in law and equity against the said mortgagor, his heirs, executors, administrators and assigns, and all persons claiming said premises so sold, by from or under them or any of them. And it is expressly understood and agreed that in case of default in the payment of any of said interest or semi-annual payments hereby secured, or in case of default in the performance or observance of any condition or covenant herein contained on the part of

284 the said mortgagor, his heirs, executors, administrators or assigns to be performed or observed, or if the title to the aforesaid premises be acquired, in whole or in part by one who does not assume and agree to pay this mortgage, the whole of said in- stalments of principal hereby secured may be made immediately due and payable at the option of the said mortgagee, its successors or assigns, by a notice in writing to that effect delivered to the said mortgagor, or his executors, administrators or assigns, or deposited in the mail, same postage prepaid, addressed to him or his executors, administra- tors or assigns, at Jemson, R. I. or to his last known place of business or abode. I the said mortgagor, for myself and for my heirs, executors, administrators and assigns, hereby covenant with the said mortgagee and its successors and assigns, that I and they will upon request execute such deeds or deed confirmatory of sale said or sales as may be required. AND FURTHERMORE, the said mortgagor, for himself and for his heirs, executors, administrators and assigns, hereby covenant with the said mortgagee and its successors and assigns, that insurance against loss by fire (and other casualties and contingencies when required by the holder hereof) shall be kept and maintained on the buildings on the premises aforesaid, in a sum and form and with companies always satisfactory to the mortgagee, its successors or assigns, all policies on the property to be for the benefit of and first payable in case of loss to and kept always deposited with the said mortgagee, its successors or assigns, which policies, in the event of foreclosure of this mortgage, shall become the property of and belong to the said mortgagee, its successors or assigns, with full authority to administer irrevocable of the mortgagor, his heirs, executors, administrators and assigns to assign and dispose of the same in its or their discretion, and, in default thereof, hereby agree that the said mortgagee or its successors or assigns may effect such insurance in the name of said mortgagor, and his heirs, executors, and assigns, payable in case of loss to the said mortgagee and its successors or assigns, and that the premium or premiums paid therefore shall be a further charge upon said premises, secured by these presents and shall be payable on demand with interest at the rate of six per centum (6%) per annum, and in case of failure to pay when due all taxes, liens, and assessments, hereby agree that the said mortgagee, its successors or assigns may pay the same and add the amount so paid, including all costs and expenses connected therewith, to the amount of the note secured hereby, and the amount so paid, shall be a further charge upon said granted premises secured by these presents, and shall be payable on demand with interest at the rate of six per cent (6%) per annum; and in case the said mortgagee shall receive insurance money covering loss by fire on said buildings, hereby agree that same may at the option of the mortgagee be applied either to the payment of the mortgage debt, whether such debt is then due or not, or be paid over either wholly or in part to the mortgagor, his heirs or assigns to repair or replace the buildings so destroyed, without affecting this mortgage for the full amount secured thereby before such damage by fire, or such payment over, took place. AND FURTHER HEREBY COVENANT AND agree that if the title to the premises herein described be acquired, in whole or in part, by one who does not assume and agree to pay this mortgage, that the whole of said mortgage indebtedness shall become due at the option of the holder of this mortgage. This mortgage is subject to the provisions of "The Federal Farm Loan Act," approved July 17, 1916. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 2nd day of February in the year of our Lord one thousand nine hundred and thirty three.

265 Signed and sealed in presence of JOHN E. PIRHONEN (SEAL) SAM S. TOURTELLOT as to all JOHN PIRHONEN (SEAL) signatures. HILJA M. PIRHONEN (SEAL) STATE OF RHODE ISLAND) ) ss. County of Washington ) In Charlestown on the 2nd day of February A. D. 1933 before me personally appeared John Pirhonen alias John E. Pirhonen and Hilja M. Pirhonen his wife to me known and known by me to be the parties executing the foregoing instrument, and acknowledged said instrument, by them executed, to be their free act and deed. My Commission expires June 30, 1936. SAM S. TOURTELLOT Notary Public Received for record February 2nd, A. D. 1933 at 2:50 o'clock, p. m., and recorded by [Signature] Town Clerk. KNOW ALL MEN BY THESE PRESENTS That THE FEDERAL LAND BANK OF SPRINGFIELD, a corpora- tion existing under the laws of the United States of America, the mortgagee named in, and the Pirhonen holder of, a mortgage dated February 2, 1933, and recorded in the Records of the town of Charlestown Book 25 Pages 262-2-3-4-5-6 from John Pirhonen, alias John E. Pirhonen, and Hilja M. Pirhonen, for the sum of $1,500.00, does hereby acknowledge that it has received from John Pirhonen, alias John E. Pirhonen and Hilja M. Pirhonen, full payment of the principal sum of said mortgage and consideration thereof it does hereby cancel and discharge said mortgage and release and quitclaim unto the said John Pirhonen, alias John E. Pirhonen and Hilja M. Pirhonen and their heirs and assigns forever all interest acquired under said mortgage in the premises thereby conveyed. IN WITNESS WHEREOF the said THE FEDERAL LAND BANK OF SPRINGFIELD has caused its cor- porate seal to be hereto affixed and has caused these presents to be signed, acknowledged and delivered by Eugene F. Kane its Asst. Treasurer, the 7th day of September, 1945. THE FEDERAL LAND BANK OF SPRINGFIELD (Corporate Seal) By Eugene F. Kane Asst. Treasurer COMMONWEALTH OF MASSACHUSETTS) COUNTY OF HAMPDEN ) ss. On this 7th day of September, 1945, before me personally appeared Eugene F. Kane to me personally known, who, being by me duly sworn, did say that he is the Asst. Treasurer of The Federal Land Bank of Springfield and that he as such is authorized to sign and seal on behalf of the corporation of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its board of directors and the said Eugene F. Kane acknowledged said instrument to be the free act and deed of said corporation, before me ALLWYN L. TALMAIDED (Notarial Seal) Notary Public Received for record October 2nd, A. D. 1945 at 9:00 o'clock, a. m., and recorded by [Signature] Town Clerk