6/28/1934 · MORTGAGE · book 25 page 480 doc 9365

480 KNOW ALL MEN by THESE PRESENTS: That We, Thomas Bloomer and Henrietta Bloomer, his wife, both of the Town of Charlestown and State of Rhode Island, (hereinafter called the mortgagors) in consider- ation of Thirty Three Hundred ($3300.00) Dollars to us paid by the OLD COLONY CO-OPERA- TIVE BANK, a Corporation, legally incorporated, and establishing and transacting business in the City of Providence in the State of Rhode Island, the receipt whereof is acknowledg- ed, do hereby grant, bargain, sell and convey unto the said OLD COLONY CO-OPERATIVE BANK, its Successors and Assigns, forever, That certain tract of land, with all the buildings and other improve- ments thereon, situated on the northerly side of the Post Road, in the Town of Charlestown, State of Rhode Island, bounded and described as follows: Beginning at the southeasterly corner of the premises hereby conveyed, at the southeasterly corner of a stone wall or fence of the church, thence easterly seventy-four (74) feet on said Post Road three hundred forty- five (345) feet to land now or formerly of said Asa Church thence north- easterly one hundred seventy-six (176) feet to a stone wall and fence one hundred twenty- (228) feet; thence westerly bounded northerly on said Asa Church land three hundred forty-five (345) feet; thence southerly bounded westerly on said Asa Church land two hundred twenty-eight (228) feet to the point of beginning. to HAVE AND TO HOLD the aforementioned premises, with their appurtenances, unto and to the use of the said OLD COLONY CO-OPERATIVE BANK, its Successors and Assigns, forever. And we the said mortgagors do hereby, for ourselves and for our heirs, exe- cutors and administrators, covenant with the said Old Colony Co-operative Bank, its Successors and Assigns, that we are lawfully seized in fee simple of the said granted premises; that the same are free from all insurreances; that we have good right, full power and lawful authority to sell and convey the same in manner as aforesaid; that the said Old Colony Co-operative Bank, its Successors and Assigns, shall by these presents at all times hereafter peaceably and quietly have and enjoy the said premises, and that we the said mortgagors, will, and our heirs, executors and administrators, shall warrant and defend the same to the said Old Colony Co-operative Bank, its Successors and Assigns, forever, against the lawful claims and demands of all persons, and will also pay the moneys, taxes, assessments and other expenses hereby as hereinafter provided. And for the consideration aforesaid, we, said Thomas Bloomer and Henrietta Bloomer, do hereby release all our right of curtesy and dower respectively, and all other rights, statutory or otherwise, to enter on and to the said granted premises unto the said Old Colony Co-operative Bank, its Successors and Assigns, forever. PROVIDED, NEVERTHELESS, that if we said mortgagors, or our heirs, executors, Administrators or assigns, shall pay unto the said Old Colony Co-operative Bank, its Successors or Assigns, the sum of Thirty Three Hundred ($3300.00) Dollars, together with the interest thereon by 139 monthly payments of Thirty Three ($33.00) Dollars each, all payable on the 26th day of each and every month succeeding the date hereof, until all said payments are made; and all monthly installments in arrears to bear interest at the rate of two (2) per cent per month until paid, all in the manner and according to the terms of a certain promissory note used of the said mortgage, bearing even date herewith; and shall pay all taxes and assessments of every kind assessed or imposed upon or in respect of said premises, or upon said Old Colony Co-operative Bank, its Successors or Assigns, in respect of this mortgage or mortgage debt, whether under statutes now in force or that may be hereafter enacted, and shall maintain insurance on said premises as here- inafter provided and pay the premiums therefor upon demand, then this deed as also said promissory note whereby we said mortgagors promise to pay said Old Colony Co-operative

Bank or other, the sum aforesaid with interest as aforesaid at the times aforesaid, shall become and absolutely void to all intents and purposes whatsoever. BUT IF DEFAULT shall be made in the payment of any of the sums of money above mentioned, at the time or times when due as aforesaid, or of any of the taxes or assessments afore- said as the same first become payable, or of any of either or then of any part thereof, or if breach shall be made of the covenants for insurance hereinafter contained, and such default shall continue for three months, then it shall be lawful for the said Old Colony Co-Operative Bank, its Successors or Assigns, to sell, together or in parcels, all and singular the premises hereby granted, or intended to be granted, or any part or parts thereof, and the benefit and equity of redemption or us the said mortgagors, our heirs, executors, administrators and assigns therein, at public auction and, to bid for and become the pur- chaser at any such sale, and no other person shall be purchaser than the anniversary of the 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 said City of Providence, with power to adjourn said sale from time to time, providing that the publication 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 such sale to be upon the premises or elsewhere as specified in such notice; and in its or our the said mortgagors, or name of us the said mortgagors, (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 or sales, good and sufficient deed or deeds of the premises sold in fee simple; and to receive the purchase moneys, and therefrom to retain all sums hereby secured, whether then payable or to become payable ther- after, or any 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 on or in any way connected with, the execution of these powers, and all taxes, and assessments as aforesaid and all premiums for insurance, either heretofore paid by the said Old Colony Co-Operative Bank, its Successors or Assigns, or then remaining unpaid, rendering 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 true and particular account of such sale or sales, expenses and charges, to us the said mortgagors, our heirs, executors, adminis- trators or assigns, which sale or sales shall forever be a perpetual bar both in law and equity against us the said mortgagors, our heirs, executors, administrators and assigns, and all persons claiming said premises so sold by us, from or under us, them or any of them. And we the said mortgagors, for ourselves and for our heirs, executors, administra- tors and assigns, hereby covenant with the said Old Colony Co-Operative Bank, its Successors and Assigns, that we or they will upon request execute such deed or deeds confirmatory of such sale or sales as may be necessary or advisable. AND FURTHERMORE, we the said grantors, for ourselves and for our heirs, executors, administrators and assigns, do hereby covenant with the said Old Colony Co-Operative Bank, its Successors and Assigns, that insurance against loss by fire in such companies and written through such offices as shall be satisfactory to the mortgagee shall be kept and maintained upon the buildings on the premises aforesaid, in a sum not less than Thirty Three Hundred ($1300.00) Dollars, or in such greater amount as will prevent the operation of co-insurance clauses contained in such policies of insurance; and that such insurance shall be made payable, in case of loss by fire, to the said Old Colony Co-Operative Bank, its Successors and Assigns; and do hereby agree that the said Old Colony Co-Operative Bank, its Successors and Assigns, may effect such insurance in the name of us the said grantors, our heirs, executors, administrators or assigns, payable in case of loss to said Bank, its Successors or Assigns, and the premium or premiums paid therefor shall be a further charge upon said granted premises secured by

482 these presents; and we said grantors hereby make, constitute, and appoint the President for the time being, of said Bank, its Successors and Assigns, our true and lawful attor- ney or attorneys, irrevocable, in our name and stead to adjust any and all losses that may occur under any such insurance, which is payable in case of loss to said Bank, and to give discharging receipts for any and all sums received in settlement of such losses, and we the said grantors furthermore agree to pay the premium on all such insurance placed as aforesaid by said Bank within thirty days after such insurance becomes effective. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 26th day of June A. D. one thousand nine hundred and thirty-four. Signed, sealed and delivered in presence of LAURA G. DEIGNIAN THOMAS BLOOMER (SEAL) HENRIETTA BLOOMER (SEAL) STATE OF RHODE ISLAND, } County of Washington } before me personally appeared In Charlestown on the 26th day of June A. D. 1934 before me personally appeared the above named grantors, Thomas Bloomer and Henrietta Bloomer, each and all to me be known and known by me to be the parties executing the foregoing instrument, and severally ack- nowledged said instrument, by them executed, to be their free act and deed. LAURA G. DEIGNIAN Notary Public. Received for record June 28th, A. D. 1934 at 10:30 o'clock, p. m., and recorded by [Signature] Town Clerk. The OLD COLONY CO-OPERATIVE BANK, having received full payment and satisfaction, does hereby cancel and discharge this Mortgage deed. IN TESTIMONY WHEREOF, said bank has caused these Presents to be signed on its behalf by its Vice President and by its assistant Secretary and its corporate seal to be hereto affixed by its Assistant Secretary, hereunto duly authorized, this Thir- teenth day of August A. D. 1934. signed, sealed and delivered in presence of L. MARJORIE S. BOSS Old Colony Co-operative Bank (SEAL) By ROBERT D. GREGORY, Vice President KATHERINE H. RYAN Assistant Secretary Above discharge received for record December 12th, A. D. 1934 at 8:50 o'clock, a. m., and recorded by [Signature]