HomeMy WebLinkAbout1681 AND :~IU M~ ~ioN ~sreby oo~~e~naett ititL tes ?brtgagN thnt aaid
Mort~aga~~ at the Liae ot ~ocacut,ias ar~d delirery o! these preeenta, is the
a'~soZute o~rr~er at and in posseaaion af said martgeged pacoperty; thst hs haa a
gocd right~ lUll pa+er a~i lawtlil authaaritf t,o canvq~ t~Le eama in t~hs m~maer
and for~ herein set lorth; tbat esid pa~operty ia fl~ee and clear ot all liens of
whate~ar nat~re, except as specifically mentioned herein, and Mortgagor Fu13y
xerraats the titls to edd propsrt,y ~nd xili der~d t,hs aa~e ~gaiast all la~+t1~1
clai~oas and deosanda except f`ram the Marrant,ies contained in the encwnbrances
berein speciticaaly est forth. ~
AND ~ I~pRTQAIX,~t does Uereby i1u•ther covenant~ prcmise and agres vith
the Mo~rtgag~s, it,s successors and aseigns, as tolloi+e :
1. l~ort,gagor irJ.ll not cao~ait a~r t~st,e~ or weakea or impair the
security of this mort,gage; Will p~?~ prior to delinquency~ all taues a,t~d
assessments levied or impo~ed on said prop~rttiy; ~+ill keep the mortgaged property
insured in such aranner and ir. such asaunts as lrtortgagee ma,y require; and will
nct s~em~o~ve a~r chattsla~ if includded in this martgage~ tfraa the prem~ises where
they are na+i situ$ted~ vithcut ~iortgagee~s Written consent.
2. In t~e event of sud~ to loreclase thie ~oartgage~ I~ost,gagee shall
be entitled, ae a matter of ~ight, xithvnt regard to the value oY the nartgaged
Psoperty oac~ to tbe 8olve~as a! l~ortgagor~ and ~+ithc~ut notice, to the appointmeat
~f a Receiver of t6e a~ortgaged property and the incane and pro~`its thereof, aa
well as p~ymeaL o~f all casts inct~rred, in~cluding attorne~y~ s fees.
3. In t~e eveat of l~iortgagorts failure to pay taues, ar to keep the
premises insured as reqnired, i~rtgagee may, at its option, but fa not required
to, make such payments, and the sums ao advanced ahall be repaid by Mortgagor
irf.th interest as gravided in the ~Cblig8t3on" and esid su~ns so paid by the
IioY'tgagee shall be secured by tbis mortgage.
lt. In ths event oY a~ datault in t6e terms of the "Obligation" car
t.his a~ortgage~ Mortgagee m~y, at its option~ declare the vhole ir~debt~ess
secured hereby to be im~ate7.y dwe and payable•
5. lh.at no extensian or modiPicatian of the payments of the
indebtedness, a~ no release of a~r part aar parts oY tSe nortga8~ P~~Y~
or of other collateral securfng t,he above deacribed indebtednesa, even though
made vithout consent of the l~ortgagor, shall release, relieve, or discharge
the ~brtgagor f~a~ tLe payment oY ar~r su~as hereby secured, ao~d liartgagee ehall
bave 'the right to release f~a~a the lien hereof ariy portioai or portiaoe of the
mortgaged praperty~ or other collateral held as securit~ tar aaid indebt~e~lne~s~
irreapective of the value of the relesaed portion, i+ithcat afYecting t?be lien
hereof as to the portion or portions not released, not~ithst,anding the fact t~at
such relea,se or releases may be made xithout knaWledge or caosent of tbe 1~Iortgagor
or of a~ (#rantee or (irantees o~ partions of so~ch property theratofore sold.
IN 1~1ITNF.SS the Mortgagor has aigned and sealed tbeae presents
the day and year first abave writt.en.
SigAed, sealed, a~ci delivered in ~
the pre e :
.
~S~)
C ude Clayton illma~ .
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ita~s8 Marg et Bracken Tillman
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