The instrument's own words
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KNOW ALL MEN by THESE PRESENTS, That I, FREDERICK W. SMITH, of the Town of
Richmond, in the County of Washington and State of Rhode Island, (hereinafter called the
mortgagor) in consideration of Twenty five hundred ($\$2500.00)--Dollars to be paid by
THE WASHINGTON TRUST COMPANY, a Corporation legally incorporated, and established and trans-
acting business in the Town of Westerly, County of Washington and State of Rhode Island,
the receipt whereof is acknowledged, do hereby grant, bargain, sell and convey unto the said
THE WASHINGTON TRUST COMPANY, its Successors and Assigns, forever, a certain tract or parcel
of land, with all the buildings and improvements thereon being Lot No. 4 (four) on a certain
plat called "Plat of Cottage Sites on Property of N. H. Burdick, Quonsetowning, East Beach,
Charlestown, R. I.," by U. W. Woodward," which said plat is on record in the Land Evidence of
said Charlestown in Book no. 18 page 46, reference thereto being hereby made and for a
more particular description.
Being the same premises conveyed to said mortgagor by said The Washington Trust
Company, by deed of even date herewith to be recorded in the said Charlestown Land Evidence
Records.
This conveyance shall include all Furniture, Furnishings and fixtures now located
on said premises, together with any additions thereto or substitutions therefor hereafter made.
TO HAVE AND TO HOLD the aforementioned premises, with their appurtenances unto and to
the use of the said THE WASHINGTON TRUST COMPANY, its Successors and Assigns, forever.
And I the said mortgagor do hereby, for myself and for my heirs, executors and ad-
ministrators, covenant with the said THE WASHINGTON TRUST COMPANY, its Successors and Assigns,
that I am lawfully seized in fee simple of the said granted premises; that the same are free
from all incumbrances; that I have good, right, full power and lawful authority to sell and
convey the same in manner aforesaid; that the said THE WASHINGTON TRUST COMPANY, its Successors
and Assigns, shall by these presents at all times hereafter peaceably and quietly have and
enjoy the said premises, and that I the said mortgagor will, and my heirs, executors and
administrators shall, warrant and defend the same to the said THE WASHINGTON TRUST COMPANY,
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 secured as hereinafter
provided.
And for the consideration aforesaid, I, SARAH ELIZABETH SMITH, wife of said mortgagor,
and hereinafter included with him in the term "mortgagor", do hereby release all my right of
dower and all other right, statutory or otherwise, in and to the said granted premises unto
the said THE WASHINGTON TRUST COMPANY, its Successors and Assigns, forever.
PROVIDED, HOWEVER, that, if we said mortgagors, or our heirs, executors, admin-
istrators or assigns, shall pay unto the said THE WASHINGTON TRUST COMPANY, its Successors or
Assigns, the sum of Twenty five hundred ($\$2500.00$) Dollars at its Banking House in six (6)
months from the date hereof, with interest thereon, at the rate of five ($\% 5$) per centum per
annum, payable semi-annually until said principal sum is paid, whether at or after maturity,
and all installments of interest in arrear, whether the before or after maturity, to bear interest
at the rate aforesaid until paid; and shall also pay all taxes and assessments of every kind
assessed or imposed upon or in respect of said premises, or upon the said THE WASHINGTON TRUST
COMPANY, 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 hereinafter provided and pay the premiums therefor upon demand, all of said pay-
ments to be paid in gold coin of the United States of the present standard of weight and fine-
ness or in its equivalent at the several times of payment in currency of the United States,
then this deed as also a promissory note whereby we, the said mortgagors promise to pay said
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THE WASHINGTON TRUST COMPANY or order, the sum aforesaid with interest as aforesaid at
the times aforesaid, shall become & and be absolutely void to all intents and purposes
whatsoever.
BUT IF Default shall be made in the payment of the said principal sum or of
said interest at the times and in the manner aforesaid, or of the taxes or assessments
aforesaid as the same first become payable, or of any either of them or of any part
thereof, or if breach shall be made of the covenant for insurance hereinafter contained,
then it shall be lawful for the said THE WASHINGTON TRUST COMPANY, 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 of us the said mortgagors and of our heirs, executors, administrators and assigns,
therein, at public auction, and to bid for and become the purchaser at any such sale, and
no other purchaser shall be answerable for the application 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 county of Washington,
Rhode Island, with power to adjourn such sale from time to time, provided that the pub-
lication 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 said notice) and in its or their own name names or
names, or as the attorney or attorneys of us the said mortgagors (for that purpose by these pre-
sents 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 therefore to retain from all sums hereby secured, whether then payable or to be-
come payable therewith, 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, and all
counsel fees and other expenses incurred in or in any way connected with, the exercises of
these powers, and all taxes, and assessments as aforesaid and all premiums for insurance,
either heretofore paid by the said THE WASHINGTON TRUST COMPANY, its Successors or Assigns,
or then remaining unpaid, rendering and paying the surplus of said purchase moneys, if any
thereof 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 mort-
gagors, and our heirs, executors, administrators or assigns, which sale or sales shall
forever be a perpetual bar both in law and equity against us the said mortgagors, and our
heirs, executors, administrators and assigns, and all persons claiming said premises so
sold by from, or under us, then or at any of them.
And we, the said mortgagors, for ourselves and for our heirs, executors, admin-
istrators and assigns, hereby covenant with the said THE WASHINGTON TRUST COMPANY, its
Successors and Assigns, that we or they will upon request execute such deed or deeds con-
firmatory of such sale or sales as may be necessary or advisable.
AND FURTHERMORE, we the said mortgagors, for ourselves and for our heirs, exe-
cutors, administrators and assigns, hereby covenant with the said THE WASHINGTON TRUST
COMPANY, its Successors and Assigns, that insurance against loss by fire shall be kept
and maintained on the buildings on the premises aforesaid in such office or offices as the
said Company, its Successors and Assigns, shall approve, in a sum not less than Twenty five
Hundred ($2500.00) Dollars or in such greater amounts as will prevent the operation of co-
insurance clauses contained in such policies of insurance, and that the policy or policies
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of such insurance shall be assigned and transferred, or made payable in case of loss, to
the said The Washington Trust Company, its Successors and Assigns, as collateral security
hereto, and in default thereof hereby agree that said The Washington Trust Company, its
Successors or Assigns, may pay from time to time any premiums which may be necessary to
maintain existing insurance or may effect new insurance; and the said mortgagors for them-
selves and for their heirs, executors, administrators and assigns, agree to repay to the
said The Washington Trust Company, its Successors or Assigns, upon demand any premiums paid
by it or them, and if not repaid, the same shall be added to said principal sum and shall be
a further charge upon said premises granted and secured by these presents, as aforesaid.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 15th day of
October, A. D. one thousand nine hundred and thirty five.
Signed, sealed and delivered}) FREDERICK W. SMITH (SEAL)
in presence of }) SARAH ELIZABETH SMITH (SEAL)
ROBERT P. MITCHELL
as to both signers
STATE OF RHODE ISLAND,)
}) ss.
County of Washington }) sc.
In Richmond on the 15th day of October, A. D. 1935 before me personally appeared
the above named grantors FREDERICK W. SMITH and SARAH ELIZABETH SMITH, each and all to me
known and known by me to be the parties executing the foregoing instrument, and severally
acknowledged said instrument, by them executed, to be their free act and deed.
ROBERT P. MITCHELL
Notary Public. (Seal)
Received for record October 16th A. D. 1935 at 9:10 o'clock, a. m., and
recorded by [Signature]
Town Clerk.
(See Agreement, Book No. 27, Page 437)
THE WASHINGTON TRUST COMPANY in the Town of Westerly, County of Washington, State of
Rhode Island, having received full payment and satisfaction of the mortgage mortgage recorded
in the Records of town of Charlestown, R. I. in Real Estate Mortgage Book Number 26 Page
201 does hereby cancel and discharge the same.
IN WITNESS WHEREOF, it has caused these Presents to be signed and its
Corporate Seal to be hereunto affixed by its President duly authorized, this 16th day of
December A. D. 1936.
Signed and Sealed in presence of }) THE WASHINGTON TRUST COMPANY (Corporate Seal)
JAMES W. SHAW. }) by Arthur L. Jerry, Pres.
Above discharge received for record December 31st, A. D. 1936 at 1:00 o'clock, p. m., and
recorded by [Signature]
Town Clerk