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•13• (a) After t~e happening of any default hereunder, the
Mortgagor shall upon demand of the Mortgagee surrender possession ~
of the Mortgaged property to the Mortgagee, and the Mortgagee may `
enter such property, and let the same and collect all ~he rents
therefrom which are due or to become due, and apply the same, after
payment of all char~es and expenses, on account of the indebtedness
hereby secured, and all such rents and all leases existing 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 ~a~ant defaulting in the payment of any rent to t'ne
Mortgagee.
(b) In the event that the Mortgagor occupies the mortgaged
property or any part thereof the ~ortgagor agrees to surrender .
possession of such property to the Mortgagee immediately after any'
suc~ default hereunder, and if the Mortgagor remains in possession
after such default, s~ch 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
occupied by t'ne Mortgaoor, an amount at least equivalent to one-
twelfth of the aggregate of ~he twelve monthly installments payable
in the current calendar year, pl~as t'nz actual amount of the annual
ground rent, if any, taxes, assessments, water rates, other govern-
mental charges, and insurance premiuns payable in connection with
the raortgaged property during such year, and upon the failure of •
the Mortgago~^ to pay such monthly rental, the Mortgagor may also
be dis~ossessed by the usual sur~ary ~roceedi.ngs applicable to
~ tenants. ~Y:is covenant shall beco~e effective immediately upon
~ the happening of any such defaw~t, as determined in the sole dis- .
~ cret:.on of ~ne liortgagee, who shall give notice of such determin-
ation to the ~+Iortgagor; and in the case of foreclosure ar~d the ap-
pointment oi a receiver of the rents, the within covenant shall
inure ~c th~ oenefi~ of such receiver. .
1~. Th2 ~Iortgagee in any action to ~oreclosP this PZortgage
shall entitled to the appointment of a receiver v~ithouz notice,
as a~atte~ of right and without regard to the value of the mort- ~
gaged property, or tc,e solvency or insolvency o~ the ~iortga~or or ~
ot:.er :.ar~y liable for the T~yment of the Note and other i:deb- '
tednes,: secured by t'r.is Mortgage.
~
'l5.~ ThP ij.or~gaoor, within ten (10) days upon reques~ _n per~~n
or w~th~n twz::~y ~20) days upon =eques~ by mail, will furr:~sh
pronp ~ly a Writ ~cC~ s ~atement 121 I02'!II ~25i~CtOT3r t0 ~r:i. ._~~t~Svc2 ~ ~
sibnec by the Mo~toagor and duly acknc?~:~.ec.ged, of the a::~~:::, t: i
~w:.:.~ ~n t~:e DTote ~nd other indeb~edness secizred by t':lis "•;or;.oage,
ar.d ..:ther a~y oi~se ~s or defenses exis ~ 2gainst such ~r..:ebtedr.ess
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or ar:;/ part tc.ereof. _ ~
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