OCR is actually pretty complex (that's why it's taken so long to even get it to be generally decent, and it's still far from perfect).
And, in a medieval sense rather than a modern one, it sort of does "understand" to an extent - it recognises the patterns and can connect their meaning with the same information in another format (that is written characters to ASCII or whatever format is being used). But then again, the spells above don't even need to do that - just the first part of recognising the pattern of ink.
I guess this broadens the question to "can spells perform pattern recognition? And if so to what degree?".
Personally I could definitely accept the idea, in theory, of an Intellego spell being able to recognise a specific pattern of ink, just as it could tell the shape of an object or identify a person based on appearance, as this doesn't necessarily require understanding of the words.
This would be most easy to accept if the word was worked into the spell from the beginning, so you have a "find the word 'mummification'" spell, rather than a general word search spell. But I could see the general spell being viable too (it's just a little more contentious).
However, there is one major issue - a written word isn't a specific pattern. Printing is not yet in use, nor is spelling entirely standardised (though it is much more standard in Latin than in many vernacular languages) so the word "mummification" can be spelt several ways, and written in many different fonts and styles. Not to mention sometimes there will be smudges or scribal errors. These are actually some of the very same problems OCR comes up against in the real world.
This takes it out of specific pattern recognition and into a much more complex and uncertain territory. How can one spell account for all the variances in the shape that can still contain the information that is the word "mummification"? A mind can easily perform this kind of recognition, but for an unthinking machine (electronic or magical) it's not a trivial matter at all.
edit: On a completely different note @Mortim I love the idea of that third spell, and I may blatantly steal it be inspired by it for my own saga.
edit #2: Riffing off of what @Euphemism has already said, but without going into the territory of new spells or unusual guidelines - can a walking corpse read? Could you use some combination of an animated head and a mind reading spell to create a kind of supernatural OCR machine? There's definitely something in that 'animate a corpse' guideline, even if it needs some original research to fully realise.