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Home My WebLink About1437 . ~ 9 ~ : ~ 13~ (a) ~fter the happena.rg of any default hereunder, the ' ! Mortgagor shall upon demand oi the Mortga~ee surrender possession ~ of the ~Iortgaged property to the l~:ortgagee, and the Mortgagee may ~ enter such property, and let the same and collect all the rents ~ therefrom which are due or to become due, and apply the sa.me, after j paymen~ of all charges and expenses, on account of the indeb~edness ~ hereby secu~^ed, and all such rents and all leases existing at the ~ time oi such deiaalt are 'ne~eUy assigned to th~ Mortgagee as fur- ~ ther security ior the payment of the indebtedness secured hereby; and the Mortgagee may also dispossess, by the usual summary pro- ceedings, any tenant defaulting ~n the payment of any rent to the Mortgagee. (b) In the event that the Mortgagor occupies the mortgaged ~ t property or 3ny part thereof ~he ~:ortgagor agrees to surrender . possession of such property to tr.e Mortgagee immediately after any' such default hereu~der, and if +_•he Mortgagor remains in possession after such default, such possession shall be as a tenant of the I~tortgagee, an~ the Mortgagor sha~l p~,;; in advance, upon demand by the Mortgagee, as a reasonable monthly rental for the prenises occupied by the Mortgagor, an am~,ant at least equivalent to one- ~ twelfth of tne aggregate of the tc~elve monthly installments payable ~ in the current calendar year, plus thz actual amount of the annual j ground rent, if any, taxes, assessments, water rates, other govern- i mental charges, and insura~::ce ~remiums payable in connection with ~ ~ the mortgag~:~ property during such year, and upon the failure of ~ ~ tria i}+iortga~o~^ ~o pay such monthly rental, the Mortgagor may also be dispossessed by the usual su~ary proceedings applicable to ; ~ tenants. This covenant shall become effective immediately upon ~ the hanpenino oi any such defau~t, as determined in the sole dis- . ~ ~ cretion of tha ;nortgagee, who s'nall give notice of such netermin- ation to the i~ior ~gagor; and in ~'ne case of foreclosure a-r_d the ap- pointm~nt of a receiver of the rents, the within covenant shall inure the benefit of such receiver. . ~ 14. The :~ortgagee in any action to foreclose this Mor;,gage s'nall oe er.t~tled to the appointment of a receiver without notice, as a na~ter of ryght and without regard to the vaiue of the mort- gaged proper~y, or the solvency or insolvency of the Mortgagor or other party liable for the payment of the Note and other indeb- tedness secured 'oy t'nis Mortgage. The ~:ortgagor, within ~en (10) days upon reque:: ~_n person ar t•rita~n twenty (20} days upon request by mail, will furnisn promptly a wri ~;,e-:1 statement in ~orm satisfactory to the :~o~ ~ga~;za, si~ed by the =~:;,rt;agor and duly ~.:c:~nc~.:T~edged, of the anount t:~__ # o~:~in~. the hT~te and other ~:~ctec;,edness secured by tnis ~fortga~..., ~ ~ and :e ~ri.er ~,ny of~sets or defens~s exist against such ir.d: bten-r,ess or f pa-r ~ thereof . f i e~c~7~ ~ ,