HomeMy WebLinkAbout1822 ~ SA2D M~ does hereby ao?~eoaa~ vitb ~ tio~"tB+iSe~ t~da~ aaid
Mortgagaar, at tt~e ti~e ot eocecuLio~ u~d dsli~ery ot theae pre~eatrs~ ie tfis
absolnte o~er a! and in posaeaeiat~ a! said mortgagsd Ps'oPert~?3 tAst hs hae •
go~d rigbt, l1i11 pa+er atd la?llil autba~lt~ t,o can~e~ t~Le sa~a in tbe mannar
and turs herein ae~ iorth; tLs~ said p~opert~y is fY~es a~i clear at all liens ot
what~sver nature, except ae specifically mentioaed herein, and Maa~tga6or flil],j?
~raats ths titls to aaid ps~opsrty ~d ~rill dst~d t~l~s aa~ns against all ].a~t1i1
claims and dema~da aotcept f'ram the Marrant~ie8 cantsined in ,tbs eucu~abrancea
herein speci=icall,y set forth. ~
AI~ID TAB MOR'1~QrA~ doea hereby ~u~tt~er cvvenaut~ pranioe and agres tiit~
the Moa~tgages, its suaceasors an~ assigns~ as iollo~?a:
l. l~iortgagor vill not camit anpr ~aste~ or weaken or impair t~s
security oY thia mortgage; xill peyr~ prior to delir~quency~ all taxas aad
assessaients levied or imposed on said property; xill keeP tbe mo~rt6aged P~'~~Y
insured in such manner and in su+ch amauate as Mortgagee may require; and ~+i11
n^t remove aqy chattels~ if inclnded in ttrls mortgage, t~raa~ the pt~iees where
t„~p are na~ situated~ irithaut liortgagee~s xritt~eu consent•
2. In the event of sait to loreclose tbie ao~ctgage, Xortga6ee ahall
be entitled, as a matter ot right, xithaut regard to the valwe oY tbe mortgaged
pa~opert~r aa~ to the eolveaay ot l~ortgagor, and vit,~cn~t notice, to the appointmeat
of a Receiver of the nortgaged property and the incane a~d p2~of'its thereof~ se
xell as pa~yment af all costs incnrred~ i.r~cluding att~osa~e~~ s feea.
3. In tt?e event of Mortgagor~ s failura to pay ta~ces, or t,o keep tbs
prenises insured as reqnired~ l+brtgagee m4y, at its opti~, but is no~ required
to, make such payments, and ~`rhe sums ao advaoncsd etiall be repaid by l~'tB88~'
vith interest as p~ra~ided in t.6e ~Cbligatian" a~d eaid s~ns so paid by t~he
M~ortgagee shall be secured by tbis mortgage.
l~. In ths event oY ar~ dalault in tbe terms af tl~ pObligatiae~" c~
t~i.s mortgage~ M~ortgagee mays at its optio~~ declare tbe whole it~debt.ecUiess
secured hereby to be in~ediately du~e and pa~yabla•
5. lhat no extensia~ or modif'`ication of the pay~?ents of the
it~ebtedr~esa, aad no release o~ aap? part aar Paz'ts aY the nortgaged P~P~tYs
or of other collateral securing tbe above described iadebtedness, even tbo~ugh
made oith~o~ut cor~seat of the l~ortgagor~ ahall release, relieve~ or disct~arge
tt~e Ma~#rgagor t'ram t~e pay~msnt ot aa~r awoa he~eby secwced, ar~d l~artga8ee ahsll
have the righti to release iraai the lien hereo! ar~ po~tio~ os portiar~ of the
mortgaged PrcQertys or other collateral held ae securit~ !ar aaid indebtedne~s,
irreapective of the value of the relea~ed portiaa~, T+it~t aPYect.in~g t?be lien
hereof as to the portion or portiaos not relea9ed~ notrit~hstanding t,~e fact t~at
auch release or releases m~y be made vitho~ut ltaa~ledge or caosent of tbe Mortgaga~
or af a~? Cfrantee or (3rantee8 of portiaa~a o~ sach paraperty t,heretofore sold.
IN 1,+RTNFS.S W~tE~, the Mortgagor has aigned and aealed t,be~e presents
the day atxi year first above writt~en.
BRN~ST S. CHANIII.EB ~ PAULINE E. CNAI~IDLER,
his irife, each individu,ally and t/a
Signed,,sealed, and delivered in CHANDLER ~;NTAL EQUIPMENP
ir.he euce oYs ~
~ ~c _ ~ ~ ~~S~)
ti
Brneat g. Char~dler
its~ess
- ~ , , , -
cs~.;.r ~
Pauline E. Chandler
-3-
~ . go~~~ ~9
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