10/20/1965 · MORTGAGE · book 40 page 506 doc 9190@40/506

506 STATUTORY FORM OF MORTGAGE DEED KNOW ALL MEN BY THESE PRESENTS, that CHARLES S. STOWELL and DOLORES E. STOWELL, husband and wife, both of the Town of Charlestown, County of Washington and State of Rhode Island, for consideration paid, grant to Mario J. Remor in his capacity as Administrator of the Estate of Wilhelmina E. Manchester, the records of said estate being located in the Probate Court in the Town of Westerly, County of Washington and State of Rhode Island, with MORTGAGE COVENANTS, to secure the payment of Twenty Thousand Dollars ($20,000.00) Dollars in twenty (20) years with interest at six and one quarter per cent (6 1/4%) per annum, payable monthly as provided in a certain negotiable Promissory Note of even date herewith: That tract of land, together with all buildings and improvements thereon standing, and including all fixtures and equipment used in connection with the operation of a restaurant, bar and hotel, business on said premises, lying and being in the Town of Charlestown, County of Washington and State of Rhode Island, located on the northerly side of the Post Road, so-called (Route U.S. 1), bounded as follows: Beginning at a point in the northerly line of Post Road so-called (Route U.S. 1), said point being marked by an iron pipe and lying between the southwesterly corner of the tract herein described and the southeasterly corner of land of George A. Stowell, heirs of Albert G. Stowell; Said point is situated approximately 25 feet northerly from the centerline of Post Road, so-called (Route U.S. 1) at section 21 plus 71.08 feet; thence running northerly 111.07 feet to an iron pipe; thence running easterly 111.07 feet to an iron pipe following the arc of a circle with a radius of 59.00 feet a distance of 157.00 feet to an iron pipe, this line being parallel to the southerly line of the tract of land now owned by the sureties of Post Road, so-called (Route U.S. 1); thence running northerly 158.01 feet bounded easterly by other land now or formerly of Granton M. White and others; thence running easterly 111.07 feet to an iron pipe in a stone wall and then southerly along said stone wall turning an angular set of 115° and running southerly a distance of 115.5 feet to a drill hole in a stone wall and also set an angle of 117° and running southerly a distance of 93.4 feet and ending southerly bounded northerly by said Short land a distance of 293.08 feet to an iron pipe; thence turning an angular set of 102° and running southwesterly 111.07 feet to the point of beginning; This tract of land consisting and Place of beginning, containing an area of 0.598 acres. Being the same premises conveyed by Charles S. Stowell and Dolores E. Stowell to Charles I. Manchester and Wilhelmina E. Manchester, by Deed dated May 19, 1963, and recorded in the Land Evidence Records of the Town of Charlestown, R.I. in Book 40, Page 506, to which deed and the record thereof, reference had and save. Subject to a right of way reserved to Grafton W. Milson and Marion G. Wilson over and across the driveway as its now exists near and adjacent to the easterly boundary line of the above-described premises, being more particularly described in the deed of conveyance of George A. Stowell in the Town of Charlestown, R.I. in Book 33, Pages 604 and 605, to which reference is hereby had and made. This mortgage is made upon the STATUTORY CONDITION and with the STATUTORY POWER OF SALE. Charles S. Stowell and Dolores E. Stowell, husband and wife, also being the mortgagors hereof, release to the Mortgagee all of our respective rights of curtesy and dower and all other interest in the aforesaid premises. WITNESS our hands this 20th day of October, A. D. 1965. CHARLES S. STOWELL Charles S. Stowell DOLORES E. STOWELL Dolores E. Stowell In Presence of: Charles F. Trumpetto STATE OF RHODE ISLAND, ETC. COUNTY OF WASHINGTON In Westerly, on the 20th day of October, 1965, before me personally appeared Charles S. Stowell and Dolores E. Stowell, husband and wife, to me known and by me to be the parties executing the foregoing instrument, and they acknowledged said instrument, by them executed to be their free act and deed. CHARLES F. TRUMPETTO Notary Public Received for record October 20th, A. D. 1965 at 2:21 o'clock, p.m., and recorded by [Signature] Town Clerk (FOR TRANSFER OF ABOVE MORTGAGES, SEE BOOK 43, PAGE 40) [For Exchange of above see book 43, page 345]