HomeMy WebLinkAbout1743 S~~ ~ON ~1"e~ CO?O~lti 11~~ ~ j'~OZ'~~~ ~tr ~d
Mart~a~~r, at t~tra ti~s o! eocacul.iaa and deli~ery ot these presents, ia ths
absalnts cMner at aad in posseasiou af said a~artgaged FY'cPert~?3 tbat hs tws a
good right~ l1~11 pa+er ar~d Lwi1i1 autfioa~it~ ~o canve~ •tbs ea~as in ttie au~ea~
and Yora herein eet forth; ttiat said p~opert~y is flree aad alsar o! all liens ot
wtsatever nature, excapt ae specifically mentianed herein, and i~oa~tgagor l~l~?
x4rraats the ~itle to said propsr~,jt aAd ~+ill det~d t.he ae~as agaianst all ].a~+ttil
alaiaia and dea~ands eoccspt t"s~a~a the warrantiee co~ntair~ed in tLe e~ncumbrances
berein epecitically set forth.
AND ~41B I~pRT(iAt3~ does bereby llirtt~er cwatmnt~ praoiss and agres vitb
t~Ls Mortgages~ ita eucceaso~s and assigns~ ae ~ollo~+s:
1. Iiortgag+o~ vill not aaoit a~qt ya8t.e~ or veaken or 3n~psir the
aecurity oY this mos't6age; xill 1~, P~ior t~o delinqu~ncYs all taxea and
aseessoents levied or imposed on said property; xill keep the mortgaged property
in4ured in aucb manner aad in such ama~unts se I~ortgagse sa~? recluire 3 and vill
nct re~a~ve a~? chattel8~ it included ia this mortgage~ t~a~ the p~re~iees tihere
-they are nai situated, aithaut l~Iortgagee~e vritten consant.
2. In tbe event oY stdt t,o tc~lose t,his aoac~tgage, ~tgagee ahall
be entitled, as a inatter of rlght, vithont regard to the value oY the mozt~aged
p~operty oar to the solveacy o! l~iortgagor~ aad eithau~t notice, to the appointmeat
of a Receiver of the no~tgsged Property and ttfe incame anl pro!'ite the:~eof, ae
~c~ll as paymeat ot all coats incurred, inclnding at~orney~a feee.
3. In tbe event o~ Mort~gagor~s failure to p~y tazes, or to keep tbe
prmaises iasured as reqaired~ Nortgagee msy, at its option, bnt is not reqnired
to, make such paymenta, and tbe aume so advanced sh~all be repaid by Mprtgagor
vith in#.erest as prcvided in t~e ~fbligatian" and satd sums eo paid by tbe
1l~ortgagee shall be aecured by this mortgage. ~
4. In ths eveut at ~pI deYsult ia tbie terms o~f the pODligaf.ionn o~
this mortgage~ I~ort886e~ ~Ys at its option~ declare the vhole ir~debtedness
aecnred hereby to be inmed3.ately du~e snd payable•
5. itiat no e~xtensiaa or maliFicatfou of tbe pa~yments of the
i~odebted~ess, ard no releass ot anQr part ar parts ct tha mort6aBed P~Y,
~ or of ot,her collateral seCUring tbe sbane described indebtedness, even t6aigh
f made nit.hflut aonaent o~ tha l~lortgagor~ shsll releass, reli.e~?e, or discharge
~ the Nortgag~or f~as the payment ot a~ sums hereby sea~ed, aad l~ortga8ee ahall
have ths right to r8lease fros t.he lien hereoi su~r pa~t~ai or portiaos of the
mortgaged property, or other collateral held as securit~? !ac said indebtecirse~8,
~ irrespeative of t6e value of tLe released portion, iritbout aftectin6 the lien
hereof as to the portian or portioos not released, notwithstar~din8 ths fact tbat
such relsase or releasee m~y be made vitho~t knai+ledge or coosent of the Mortgagos
or oi aqy (~rantee or arantaea o~ portiaa~s of soch property thereto~ore aol,d.
IN WITNBSS1~iHERBO~, the Mortgagor has aigned and sealed these preaents
tha day ancl year first abrn?e ~rritten.
iIIIJT~[ C. LQEL ~1D LIIJ.TJ1 H. ~14BL,
Signed, aled, and dalivereci in ~/a ~~Q ~P
the
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BooK 145 541
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