HomeMy WebLinkAbout1838 ~ND SAID ~Aa~ doss hereby ao~e~at vith ~Ls I~brtgagee tha~ aaid
Iiortgagoa~, at tha tiss ot aocecutiaa and dsli~ery ot t~hase preaeata, is ths
al~solute o~tner at and in posseaeio~cs o! said mortgaged Pa~'cPert3?3 tt~st hs haa a
~ovd rigbt~ ltill paMer srd la~l autharit~ Lo aanv~e~ tha same in t~e manner
a~rrd forn herein aet lorth; tLaL aafd pa~operty is f5cee and clsar o! a11 liene of
~hat~ever aature, except as specifical].y a~antiot~ed herein, aad 1rWrt6a8~ ~Y
Warrants t6e ~itls to said Propert+Y aad vill de~~d t,he aams against all ].avf1~1
claims and deasu~da eo~cept fram the warrant,iee cont,ained in t~e eacumbrancea
hereia specitical~j set forth.
AND ~~pRT~AG~t doea hereby ftirther covenant~ pra~aies and agres vith
the Mo~rtgagee, it~s successors and assigns~ as lollotirs:
1. Mortgagor will not caa~it aay ~as~.e~ or weaken or impair tbe
security of this.martgage; ~,rill p~y, prior to delinqvency~ all taxes and
as3ess~nts levisd or imposed on said property; xill keep the mortgaged propertY
is~.nc~ed in such ma~nner a~d in such amannts as l~iortgagee a~y require; and ~+i.ll
nrt rema~ve ar~q chattels~ if inclwded in this mortgage~ l5raa tt~e p~resises tiLere
t.:~ay are nw situated~ Withaut Mortgagee~s written consent•
2. In tbe event oY ~dt to loreclaae t~his soa~tgage, 1l~ortgagee aha11
be entitled, as a~natter of right, xithant regard tc the valwe of' the mortgaged
p: operty aar to the solve~n~cy o~ l~iortgagor~ and xithon~t notice, to the appoir}t~nent
c:f a 8ec:eiver of the aortgaged property and the incaae a~d proZ`its thereof~ ae
Ke?3. as pay~aent af all costs incnrred~ including attorn~y~s fees.
3. Iri the eveat of Mortgagort s failure to p~y t~axes, or to keep tbe
premises insured as reqnired, I+brtgagee may, at its option, but is not required
to~ make such payments, aad the sums ao advm~ced shall be repaid by l+~artge8a~
With interest as pravided in the •Obligation" a~d said swos so paid by t,tre
:Kortgagee shall be secured by tbie ffiortgage.
4. In the event oY ar~ d~et'ault in t~e terms o~f t,hs "Obligat3.on" aar
this mortgage~ 1"jort6agee ma,ys at 1ts option, decl.are the Whole indebtedness
seoured hereby to be imnediately dwe and payable•
5. That no eatensiaa~ or modification of ttre p~yinents of the
indebt.edness, atd no ralease o~f an4r part c~ parts af the arortgaged P~"oP~tYi
o~ of other collateral securing the above described iAdebt~edness, even thaugh
made vit,htiut conse~?t of the I~ortgagor, shall releass, relieve~ ar discharge
t~e l~ortgagbr t~as the p~yment of ar~r sums hereby aecurea, aad l~oartgagee atsall
have the righcti to release Y~aa the 11en hereoY a~? portiae~ or portioc~e of ttie
mc+rtgaged property~ or other collateral held as securit~ !ar said indebtecir~ets,
irrespective of tbe value of the released portion, ~i.thout affeating t2~e liea
hereof as to the portion or portions not released, notwithsta~r~ding tbe lact tbat
~sch relsase or releasee m~y be made vithout lrna~ledge or crosent of the I~rtgagor
or of a~r (3raatee ar Graafiees o~ portioz~s of each p~operty theretofore sold.
IN WITNgSS ~tE~, the Mortgagor has eigned and aealed ttiese presents
the day e~nd ye~ar first abave xritten.
FRID GARRETT 8 LOUISE E. D. GARRETT, d/b/a
Signed, sealed, at~d delivered in ~~n' S?AIIAR S~iOP
ti11e e i:
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? Lou se E. D. Garrett
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