6/19/1934 · MORTGAGE · book 25 page 473 doc 9360

473 We Henry George Read and Lavisa W. Read, husband and wife of Charlestown, Wash- ington County, Rhode Island for consideration paid grant to Home Owners' Loan Corporation, a corporation created under the laws of the United States of America and having its prin- cipal place of business in the City of Washington, District of Columbia, with MORTGAGE COVENANTS, to secure the payment of $3,565.33 Dollars, and such additional sum or sums that may subsequent hereto, be advanced to or expended for our benefit, upon the terms and con- ditions provided in a certain negotiable promissory note of date even herewith, that certain real estate situate in Charlestown County, Washington State of Rhode Island, and described as follows: beginning situate at highway bound and southerly, westerly and northerly on lands now or formerly of correctly of the late of formerly and easterly by public highway. Being the same premises and estate formerly owned by Thomas Auslin and conveyed to James Crockett and conveyed by William Crosby et al by deed dated Being also the same premises conveyed to said mortgagors by Sullivan Granites Co. by deed dated December 20, 1923, and recorded in Sullivan Residence Book of land evidence of the town of East Providence at page 205, reference to the same being hereby made and that the same made a part hereof. Said tract contains by estimation ten acres more or less. together with the hereditaments and appurtenances thereto belonging and also together with all disappearing beds, ice boxes, mechanical refrigeration units, equipment for as heating, lighting, cooling, mirrors, doors and window shades and personal property as are ever furnished by a landlord in letting or operating an unfurnished building similar to the buildings erected upon said mortgaged premises and now or hereafter installed therein by the Lienor or his assigns which shall be deemed between the parties hereto and all parties claiming by, through or under him, as accession to the freehold and a part of the realty and encumbered by this lien. This mortgage is made upon the STATUTORY CONDITION with the STATUTORY POWER OF SALE. ADDITIONAL COVENANTS AND CONDITIONS And we, said Mortgagors, for ourselves and for our heirs, executors, administrators and assigns, further covenant that we will commit, permit or suffer no waste, impairment or deterioration of said property or any part thereof and to perform, comply with and abide by each and every of the stipulations, agreements, conditions and covenants in said promissory note in this Mortgage set forth. And we, said Mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby convey and with said Mortgage, its successors and assigns, to assign, and by these Presents do hereby assign to said Mortgage, its successors and assigns, any and all rents of the premises herein described authorize, and said Mortgage, its successors and assigns, by its agent, to take possession of said premises at any time there is any default in the payment of the debt secured hereby or in the performance of any obligation herein contained, and rent the same for the account of the said Mortgagors, we heirs, ex- cututors, administrators and assigns, as described herein, and to deduct from such rents all cost of collection and administration and apply the remainder of the same on the debt hereby secured; or said Mortgage, its successors or assigns, at its option, may apply to the Superior Court of the State of Rhode Island for the County in which said property is situated, for the appointment of a receiver to collect and apply said rents, in accordance with the provisions of this paragraph, the reasonable cost thereof to be borne by said Mortgagors. And we, said Mortgagors, further covenant for ourselves, our heirs, executors, administrators and assigns, to pay promptly when due all taxes, assessments, levies, lia- bilities, obligations, and encumbrances of every nature on said described property each and every, and deliver the official receipt therefor to the Corporation, or a certificate signed

474 by each taxing official to whom such any taxes shall be payable, that all taxes due to be paid said official have been paid for the current year. And we, said Mortgagors, further covenant for ourselves, our heirs, executors, administrators and assigns, to keep the improvements herein mortgaged insured against loss or damage by fire or other casualty, under a mortgage clause in the form approved by said Corporation. And we, said Mortgagors, further covenant for ourselves, our heirs, executors, administrators and assigns, not to erect or permit to be erected, any new buildings on the premises hereby mortgaged, or to add to or permit to be added to, any of the existing improvements thereof, without the written consent of the said Mortgagee, its successors and assigns; and further covenant that if foreclosure proceedings of any second mortgage or junior lien of any kind should be instituted, the said Mortgagee, its successors and assigns, may at its option immediately declare this lien and the note secured hereby, due and payable, and take such proceedings either by foreclosure or otherwise as may be necessary to protect its interest in the premises. And we, said Mortgagors, for ourselves, our heirs, executors, administrators and assigns, further covenant that in the event that payments are not fully and promptly made within ninety (90) days after the same severally become due and payable, or if breach be made of any of the covenants, conditions, stipulations and agreements contained in this Mortgage and the note secured hereby, or either, the said aggregate sum mentioned in the said promissory note shall become due and payable forthwith, or, thereafter, at the option of the Mortgagee, its successors or assigns, as fully and completely as if the said aggregate sum of Fourteen Hundred Sixty five and 11/102 Dollars was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary not- withstanding. In the event that said Mortgagee shall advance a further sum or further sums to or for the benefit of said Mortgagors, then said Mortgagee, further covenant and agree for ourselves and our heirs, executors, administrators and assigns, that such sum or sums so advanced shall be payable on demand and become a part of the principal secured by this instrument; the interest on such sum or sums so advanced to be at the rate of 6% per annum. And we, said Mortgagors, further covenant to pay all and singular the costs, charges and expenses, including attorneys' fees reasonably incurred or payable at any time by said Mortgagee, its legal representatives or assigns, because of the failure on the part of the said Mortgagors, our heirs, executors, administrators or assigns, to perform, com- ply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this Mortgage, or either, and every such payment shall be due and payable forthwith and shall bear interest from the date thereof at the rate of six (6%) per cent per annum. And we Henry George Read and Lavisa Read husband and wife of the Mortgagors, release to the Mortgagee all our respective right of curtesy and dower and all other inter- est in the aforesaid premises. WITNESS our hands, this 19th day of June, A. D. 1934. HENRY GEORGE READ LAVISA WHELDON READ

475 STATE OF RHODE ISLAND) County of Washington ) In Westerly on the 19th day of June A. D. 1934 before me personally appeared Henry George Read and Lavisa Read to me known and known 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. JOHN J. DUNN Notary Public. Received for record June 19th, A. D. 1934 at 1:45 o'clock, p. m., and recorded by [Signature] Town Clerk. (FOR ASSIGNMENT OF ABOVE MORTGAGE, SEE BOOK 32, PAGE 34) (FOR DISCHARGE OF ABOVE MORTGAGE, SEE BOOK 32, PAGE 34)