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13. (a) After the happening o~ any de~ault hereunder, the
Mortgagor ehall upon demand oY the Mortgagee eurrender poeeeeeion
of the Mortgaged property to the Mortgagee, and the Mortgagee may
enter euch property, and let the eame and colleat all the rente
there~rom which are due.or to beoome due, and apply the eame, after
payment of all chargee and e~cpeneee, on account of the indebtedneee
herebq eecured, and all euch rente and all leaeee exietfng at the
time of eucb deYault are hereby aeeigaed to the Mortgagee ae ftiir-
ther security for the payment of the indebtedneee eecured hereby;
and the Mortgagee may aleo diepoeeeee, by the ueual eummary pro-
ceedinge, any tenant de~aulting in the payment o~ any rent to the
Mortgagee. ~
(b) In the event that the Mortgagor occupiea the mortgaged ~
propertq or any part thereof the Mortgagor agreea to eurrender
poaeeseion of euch property to the Mortgagee immediately after eny
such default hereunder, and if the Mortgagor remaine in poseeesion
after euch default, auch poeseeeion ehall be as a tenant of the
Mortgagee, and the Mortgagor ahall pay in advance, upon demand by
the Mortgagee, aa a reaaonable monthly rental for the premieee
occupied by the Mortgagor, an amount at leaet equivalent to one-
twelfth of the~aggregate of the twelve monthly inatallments payable
in the current calendar year, plua the actual amount of the annual
ground rent, if any, taaes, aeeeeemente, water rates, other govern-
mental charges, and ineurance premiums gayable in connection with `
the mortgaged property during euch year, and upon the failure o~
the Mortgagor to pay euch monthly rental, the Mortgagor may aleo
be dieposeesaed by the usual summary proceedinge applicable to
tenants. Thie covenant ehall become effective immediately upon
; the happening'of any euch deYault, ae determined in the sole die-
r cretion of the Mortgagee, who ehall give notice of euch determin-
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~ ation to the Mortgagor; and in the caee of foreclosure and the ap-
s pointment of a receiver of the rente, the within covenant ehall ~
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~ inure tq the benefit of euch receiver. _
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~ 14. The Mortgagee in any action to forecloee this Mortgage
ehall be entitled to the appointment of a receiver without notice,
as a matter of right and without regard to the value of the mort-
~ gaged property, or the solvency or ineolvency of the Mortgagor or .
~ other party liable for the payment of the Aote and other indeb-
~ tedneae secured by thie Mortgage.
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~ , 15. The Mortgagor, within ten (10) days upon request in person
~ or within twenty (20) days upon requeet by mail, will furnieh
~ promptly a written statement in form eatiefactory to the Mortgagee,
~ eigned by the Mortgagor and duly acknowledged, ot the amount then
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~ owing on the Aote and other indebtedneee eecured by thie Mortgage,
~ and whether any offeete or deYeneee exiet againet euch indebtedneee
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~ or any part thereof. . _ ~ ~
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• BOOK 17O PAGE ~84 - , j
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