9/26/1934 · MORTGAGE · book 25 page 565 doc 9445

565 KNOW ALL MEN BY THESE PRESENTS That Kenneth B. Beckwith, of Bristol, of the County of Hartford and State of Connecticut, in consideration of Sixteen Hundred Dollars, hereinafter called the Grantor, paid by the WESTERLY SAVINGS BANK AND LOAN ASSOCIATION, a Corporation duly established by law, in Westerly, in the County of Washington, and State of Rhode Island, the receipt whereof is hereby acknowledged, do hereby give, grant, bargain, sell and convey unto the said Corporation, its successors and assigns, a certain lot or parcel of land, with the buildings and other improvements thereon standing, lying and being in the Town of Charles- town, in said County of Washington, and bounded and described as follows, to wit: Lot number ninety-one (91) as shown and delineated on a certain plan or plat entitled "Plan of Quonsetpoint Central Beach, Charlestown, R. I.," Thorp & Trainer, Inc., Agents, eighty feet to the inch, October, 1954, Rossi and Lewis, Engrs.,* said plan or Plat being on file in the Town Clerk's Office in town of Charlestown and to which reference is hereby made and for a more complete description. Or however otherwise the same may be bounded or described. Being the same premises conveyed to this Grantor by Howard B. Thorp by deed dated July 30, 1927, and recorded in the Land Records of said Town of Charls town in book No. 23, at page 42; reference to said deed and the record thereof being here made and had and the same are made a part of these present; and this conveyance is made intending he entitled to all the rights and privileges, and subject to all the conditions, restrictions and reservations con- tained in said deed. TO HAVE AND TO HOLD, the said granted and bargained Premises, with all the privileges and appurtenances to the same belonging, to said grantee, its successors and assigns forever. And I, the said grantor, for myself and for my heirs, executors and administrators, do covenant with the said grantee, its successors and assigns, that at and before the ensuing herald I am the true, sole and lawful owner of the above bargained Premises, and am lawfully seized and possessed of the same in my own proper right, as good, perfect and absolute estate of inher- itance in fee simple; and have in me good right, full power and lawful authority to sell and convey the said bargained Premises in manner aforesaid. And that the said Grantee, its successors and assigns, shall from time to time, and all time forever hereafter, by force and virtue of these Presents, lawfully, peaceably and quietly have and enjoy the said Premises, with the appurtenances free and clear of all encumbrances, of what name or nature soever, that in any measure or degree obstruct or make void this present deed. Furthermore, I, the said grantor, for myself and for my heirs, executors and admin- istrators, do covenant and engage the above demised premises to the said grantee, its successors and assigns, against the lawful claims or demands of any person or persons whatever, forever to warrant, secure and defend by these Presents. And I, Maria Beckwith wife of said Kenneth B. Beckwith, in consideration of the sum paid as aforesaid, do hereby release and forever quit claim unto the said grantee, its successors and assigns, all my right of dower in and to the aforementioned premises. THE CONDITION OF THIS DEED is that, whereas the way this deed played and transge- ferred to the said Corporation night Shares of its capital stock, said shares being in the 92nd Series, as collateral security, together with the real estate hereby conveyed, for the perform- ance of the terms, covenants and conditions of this mortgage and of the note hereinafter men- tioned, upon which shares a sum of sixteen Hundred Dollars has been advanced to me by said Corporation, now therefore, if I or my heirs, executors, administrators, or assigns, shall pay unto the said Corporation, its successors or assigns the sum of Sixteen and 00/100 Dollars monthly, each and every month thereafter, at such times and places as shall be designated by said Corporation, its or successors or assigns, being the amount of the monthly dues on said

566 eight shares and of the monthly interest upon said loan or advance of Sixteen Hundred Dollars for which said shares are pledged and said note and mortgage given, together with all fines chargeable by the By-Laws of said Corporation upon arrears of such pay- ments, until said shares shall reach the ultimate value of two hundred dollars each, or if I or my heirs, executors, administrators or assigns, shall other wise someone pay unto said Corporation, its successors or assigns, sum of Sixteen Hundred Dollars together with the said interest and fines as aforesaid, to the time of such payment, and until said loan shall be paid or cancelled by the ultimate value of said shares, if I shall pay all taxes and assessments on the granted premises, as they become due, shall keep the buildings thereon insured against fire in a sum not less than Sixteen Hundred Dollars for the benefit of the grantee, its successors or assigns, at such insurance office, as it or they shall approve, and shall not commit or suffer any strip or waste of the granted premises, or breach any of covenant herein contained, in whole or in part, then this deed, as also a note of event due here with, signed by me whereby I promise to pay to the grantee the sum aforesaid at the times aforesaid, shall be void, otherwise shall be and remain in full force and effect. furthermore, we, the said grantor, and the said Marie Beckwith, do hereby con- stitute and appoint the said Corporation, its successors and assigns, our Attorneys, irrevocable, with full powers of substitution and revocation for us and in our names, or in its or their names at any time, in case of non-payment of the aforesaid monthly dues, interest, or fines for the period of six months, after any payment thereof shall be due, or upon any other default in the performance or observance of the foregoing condition, to sell the granted premises, or such portion thereof as may remain subject to this mort- gage, granted premises, in case of any partial release thereon, together with all improvements that may be thereon, and all benefit and equity of redemption of us or our representatives there- in, at public auction in said Charlestown, first publishing a notice of the time and place of sale, once each week for three successive weeks, in one or more newspapers published in said easterly, and in its or their names or names, or as our Attorney or Attorneys, to make, execute, seal, acknowledge and deliver to the purchaser or pur- chasers thereof any deed or deeds that may be necessary to vest in such purchaser or purchasers a full and absolute estate in fee simple therein; and such sale shall for- ever bar us and all persons claiming under us from all right and interest in the granted premises, whether at law or in equity. and on said sale thereof (hereby granting our said Attorneys power to continue or adjourn such sale from time to time) do we authorize said Attorneys to receive the amount the same may be sold for, and out of the money arising from such sale, the grantee, or its successors or assigns, shall be entitled to retain sufficient money to repay said loan or advance in full, together with interest and fines due, and all costs, charges and expenses incurred or sustained by reason of any failure or default on the part of us or of our representatives to perform and fulfill the conditions of this deed, including the taxes, assessments and premiums of insurance, if any, theretofore paid by said Corporation, its successors or assigns, upon said granted premises, rendering the surplus, if any, to us or our heirs or assigns. and it is agreed that the grantee, or its successors or assigns, or any person or persons in their behalf, may purchase at any sale made as aforesaid, and that no other purchaser shall be answerable for the application of the purchase money; and that, until default in the performance of the condition of this deed, we and our heirs and assigns may hold and enjoy the granted premises and receive the rents and profits thereof.

567 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 18th day of September, in the year one thousand nine hundred and thirty-four. Signed, sealed and delivered in the presence of HILARY S. DRISCOLL KENNETH B. BECKWITH (SEAL) MARIE BECKWITH (SEAL) STATE OF CONNECTICUT County of Hartford In Bristol, Conn. on the 18th day of September, A. D. 1934, before me personally appeared Kenneth B. Beckwith and Marie Beckwith, husband and wife, 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. HILARY S. DRISCOLL Notary Public My Commission Expires Few. 1, 1939. The WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, having received full payment of all Received for record September 26th, A. D. 1934 at 9:50 o'clock, a. m., and recorded by [Signature] Town Clerk. The WESTERLY SAVINGS FUND AND LOAN ASSOCIATION, having received full payment of all sums due on this Mortgage, does hereby cancel and discharge the same. In testimony whereof, said Association has caused its corporate name and seal to be hereto affixed by the Treasurer thereof duly authorized, this 23rd day of August 1939 In presence of Katherine M. McCarroll. WESTERLY SAVINGS FUND AND LOAN ASSOCIATION (Corporate Seal) By S. Howard Clark, Asst. Treasurer Above discharge received for record August 24th, A. D. 1939 at 9:00 o'clock, a. m., and recorded by [Signature] Town Clerk