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13. (a) After the happening o~ any de~ault hereunder, the
Mortgagor ahaTl upon demand of the Mortgagee surrender p~sseaeion
of the i~fortgaged .~roperty to ~he Mort~~gee, and the Mortgagee may :
enter s~ch property, and let the same and collect all the rente
therefrom which are due or to become due, and apply the same, after
payment of all charges and expenses, on account o~ the indebtedneee ~
hereby secured, and all such renta and all leases existing at the
time of such default are hereby.ass~gned to the Mortgagee as ftiir- ~
ther aecurity~`for Lhe payment of tbe indebtedness secured hereby;
and the Mortgagee may also disvoasees, by the usual summary pro-
ceeding3, any tenan~ defaulting in the payment o~ any rent to the
Mortgagee. •
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(b) In the event that the Mortgagor occupies the mortgaged
property or any part thereof the Mortgagor agrees to surrender
possession of such property 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, an:: the Mortgagor shall pay in advance, upon demand by •
the Mortgagee, as a reasonable monthly rental for the premises .
occupied by the Mortgagor, an amount at least equivalent to o~e-
~ twelfth of the~aggregate of the twelve monthl~r installments payable~
in the current calendar year, plus the actual amount of the annual
.ground rent, if any, taxes, assessments, water rates, other govern-
~mental charges, and insurance premiums payable in connection with
the nortgaged property during such year, and upon the failure of ~
the Mortgagor to pay such monthly rental, the Mortgagor may alao
be dispossessed by the usual summary proceedings applicable to -
' tenants. This covenant sball become effective immediately upon
! the happening'of any such default, as determined in the sole dis-
~ cretion of the Mort~a~::e, who ahall give notice of such determin-
i ation to the Mortgagor; and in the caae of forecloeure and the ap- .
pointment o~ a receiver of the rents, the within covenant ahall • .
inure to the beriefit of such receiver.
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14. The Niortgagee in any action to foreclose this Mortgage .
shall be entitled to tbe appointment of a receiver without notice,
as a matter of right and without regard to the value of the mort-
gaged property, or the aolvency or ineolvency o~ the Mortgagor or ,
other party liable for the payment o~ the Note and other indeb-
tedness secured by this Mortgage.
15. The Mortgagor, within ten (10) days upon request in pereon
or within twenty (20) days upon request by mail, will furnish
promptly a written statement in form satiafactory to the Mortgagee,
signed by the Mortgagor and du19 acknowledged, oY the amount then _
owir.o on the Note and other indebtedneas eecured by this Mortgage,
and\whether any offsets or defensea exiet againet euch indebtedneee
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or a:~y part thereo~. ~
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