HomeMy WebLinkAbout1825 AHD S~AID M~iQA~t do~s ls~reb~ co~ear~nt yitb tlr Iio~rtga~ t?t~et ssid
~~r't6+~8~, at the tdas o~f ~cecuLioa and deli~r ot th~ae prese~t~s, ia t~s
absolute aMtier at aad in possessian a! aaid aa~tB~H~ P~P~~1?3 tasat !r has a
6ood rig~t, lbll parer sal lraritil aut~rl.t~ t~o acnv~e~ t~hs e~e in t6~e a~er
atrd fo~t hereln eet iorth j t,~a~ said p~op~rt~y is l~res and olesr oi all liens of
xl~ata~er nature, except as speciticall~ msntia~sd hersia, and No~tgagoa~ !u]l~?
xarr~uats ~he titls to ~aid Propert~ ~d ~rill dst~ad t~he aa~s agatnst all lavtvl
claims and de~a~ds aoccept fraa~ tt~s v~urrant~3es aaat~e~insd la t,ba ezw~mibrances
berein speoiriaal~j sat fort~.
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AND ~B 1~l~A~OQt cbea 6sreb~ ltirtAsr coveasat~ p~raaiae and agrsa vit~h
ths l~foactgages, it~a auaoeasoara ancl asaigne~ aa tollara:
l. Kortgagor vill nat aa~sit a~r tpts~e~ or Wsalcea or impsir t2~e
~e~curity o! thia most8a8e; ~ill p~?~ P~'ior to delit~tie~Yi all taucea and
assesaosnts levied or 3m~oaed on sa3,d propert„ xill keep t~he moa~tgaged property ~
inaured in auah manner a~d in such asauuata as I~iortga~ee m~? require3 and ~till ~
n^t s~esove a~ cl~attsle~ it incln~ded ia t1~Le mortgage~ h~a~e ~t,hs p~esieea ~here f
thsy at~e nat situated, Withou~t Kortgagee~s ~+x~itten consent•
2. In t6s ev~ent o! sidt to forecloee tbla so~Lgage~ !lfost~gagae sha11
be eatitled, aa a matter oi r3gLt~ xithant regard to tbe value oi t~a moart~gaged
PQ`apei'tY cac~ to tbe aolveacy ot Xartgagor, and xithaut notice, to the appofntmea~
oY a Receiver of tbe nortgaged pro~erty and tha incane ani pr~f'its thereof~ ae
well as payment a! all aosts i:?cnrred~ iz~alu~diag att~orn~~ s feea.
3. In t2~s event o! I~o~tgagor~ s lailure to pay taxes, or to kesp the
premises ine~u~ed as reqnired, lrbrtga6ee ms,Ys at its optiaa, but ie not rsquired
to, ~mke auch payments, and ths a~n~ eo adva~ced sball be rePa~d b9 ~'~H+~B~"'
s~ith ixlterest as provided in tt~e ~~ligatiaa" and aald au~s ao paid by the
Martgagee aba21 be secured by thfs uortgege.
1~:. In ths eve~ot at at~ d~etault in tLs terme c~t t~L~e ~Obligatian„ ca~
~hi~ mo~'t8age, l~o~C't6ages awYs at ite opt~laa~ dealare the tihole ir~debtsdness
secured hereby to be inmediate7,y du~e and payable.
5. ihat no ezt~nsion or modiPicatian of the payn~ats oP tbe
ind~ebt~ednesa, aad no rel.ease o~' aq~? part a~ parts at the moi't6a8'~ P~P~'tYa
or oY other collateral securing tLe above deacribed iadebtedaese, e~ven thaagh
mads ~it6aut cor~t of the I~ortgagar~ abt21 releass, relie~ve, ar disaharge
the Mortgagur tyc~a~ t~e pe~aeat at am~? sume he~el~y seaut~ed, aad l~o~tgagee st~ll
hava the r3ght to release flros tbe lien hereoi at~pr pa~t,ida or portiaos of ths
mortgaged propertY, or other co7lsteral held as securit~? !ar said iadebtec~ne~s,
irreapectiv~e of the valwe of the releaseil portiau, vitbout affect3ng t~Le liea
' hereof as to the portia~ or portic~s aot relea,aed, notvitbst.anding the tact t~hat
such relaaae or releases m~y be made xithaut l~ledge c~ac cansent of t6~e I~ortgagor
or ot aqy c~ra~tee or tirantees oi portio~s of soch P~ruPer'tY theretof'ore ao1,d.
IN WITNRSS the Hortgagor hae aigr~ed aad aealed these presents
the da~y srrd yesr tY,rst abave i+ritteA.
f HARVSY'RICHARD30N AI~ID LSOLA J. RICHARDSON~
~ Sig~ed and delivered in his vife, each individually and d/b/a
` the oYt RICHA~3Cl~1 TV SERVI(~
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Narvey Ric eon
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Leola J. Rfchardaon
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