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13. (a) After the happening of any default hereunder, the
M~rtgagor shall upon demand of the Mortgagee surrender possession
of the Mortgaged property t~ the Mortgagee, and the Mortgagee.may
enter su~h property, a~d let the same and collect all the rents
therefrom which are due o~ to become due, and apply the same, after
payment of all charges and expenses, on account of the indebtedness
hereby secured, and all ~~ch rents and all leases existi.ng at the
time of such default are hereby assigned to the Mortgagee as fur-
ther security for the payment of the indebtedness secured hereby;
•and the Mortgagee may also dispossess, by the usual summary pro-
ceedings, any tenant defaulting in the payment of any rent to the
Mortgagee.
(b) In the event that the Mortgagor occupies the mortgaged ~
property or any part thereof the Mortgagor agrees to surrender~ ,
possession of such propertv to the Mortgagee immediately after any'
such default hereurider, and if the Mortgagor remains in possession
after such default, such possession shall be as a tenant of the
Mortgagee, and the Mortgagor shall pay in advance, upon demand by
the Mortgagee, as a reasonable monthly rental for the premises
occugied by the Mortgagor, an amount at least equivalent to one-
twelf'th of the aggregate of the twelve monthly installments payable
in the current calendar year, plus the actual amount o~ the annual
ground rent, if any, taxes, assessments, wazer rates, other govern-
mental charges, and insurance premiums payable in connection with _
the mortgaged property during such year, and upon the failure of •
the Mortgagor to pay such monthly rental, the Mortgagor may also
be dispossessed by ~he usual summary proceedings applicable to
tenants. This covenant ~~aall become effective immediately upon
I the hap~enir.g of any such default, as determined in the sole dis- .
;
~ cretion of the Mortgagee, who shall give notice of such determin-
~ ation to the Mortgagor; and in the case of foreclosure and the ap-
~ pointment of a receiver of the rents, the within covenant shall
inure ~o the benefit of such receiver.
14. The iKortgagee in any action to foreclose this Mortgage
shall be entitled to the appointment of a receiver without notice,
as a ma~ter of right and without regard to the value of the mort-
gaged ~roperty, or the solvency or ~nsolvency of the Mort~agor or
other party liable for the_payment of the Note and oth~r i:~deb-
tedness secured by ~~is Mortgage.
~
15.• The ~tortgagor, within t~n (10} days upon request in person
or wit'r.in twenty (20) days upon request by mail, will furnish
pro~~tly a wri~ten statement ~n f~rm satisfactory to the N:ortgdg~a,
sig:~;. by th~; ;~ortgagor and duly acknowledged, of the amount t~er:
owing on the i~ote and other indebtedne:.s secured by this ~iortgage,
and whether any offsets or defenses exist against such ir.a~btedr.ass
or any part thereof.
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