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~~ball become efYective immediatel;~ upon the happe~ing oi a~y such default,
ss determined in the sole discretion of the Mortgag~e, who sha~l give
notice of such deteraination ta the Mortgagor; ar~d in the case~of fore-
closure and the appointment of a receiver oY the rents, the within cov-
enant s~all inure to the benefit of such receiver.
14, The Mortgagee i~ aAy action to foreclose this Mortgage-~hall
be entitled to the appointment of a receiver witbout notice, as a matter
of rigbt and without regard to tbe value of the mortgaged property, or
the aolvenc9 or insolvency of tbe Mortgagor or otber party liable for.
the payment of tbe Note and other indebtedness secured by tbis Mortgage.
15, The Mortgagor, witbin Vten (10) days upon requeet in pereon or ~
witbin twenty (20) daye upon request by mail, will ~urnieb promptly a
written statement in form satisfactory to tbe Mortgagee, signed by tbe _
Mortgagor and duly acknowledged, of tbe amount then owing on the Note and _
other indebtedness secured by this Mortgage, and wbetber any offeete or
defenses exist against such indebtednesa ur any part tbereo~.
16. ~pe Mortgagor will give immediate notice by regi~tered or
certified mail to the Mortgagee of any-tire, damage or o~her c$sualty ' .
affecting tihe mortgaged~property, or of any conveyance, transfer or change
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in ownersbip of sucb property, or any part thereof.
17. -Notice aud demand or request ma3r be made in writing and may be
ser~red in person or by ma~.l. ~
18. In case of.a foreclosure sale oY tbe mortgaged property it may
be sold in one pareel.
19. The Mortgagor will not asaign the rents, if any, in wbole or in
part, from the mortgaged prop~rty, or any part tbereoY, witY~out tbe prior _
wr°tten consent o~ tbe-Mortgagee. ~ ~
- 20. Tbe Mortgagor is lawfully seized of the mortgaged property and
has good rigbt, full power and law~ul au~bority ta sell and convey tbe
same in tbe ma.nner above provided, and will warrant and defend the sa.me
~ to the Mortgagee forever against tbe law~ul claime and demand~ of any
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and all parties whataoever.
21. The Mortgagor bereby waives tbe benefit of all homestead ezemp-
tions as to the debt aecured by tbis Mortgage and se to any expend~ture
for inaurance, taxes, levies; asse,saments, duee or cha~gee incurred.by ~
tbe Mortgagee pursuant to any provision o~ tbie Mortgage.
Tbis Mortgage and all the covenants, agreemente, terms and condi-
tions herein contained shall be binding ugon and inure to the benefit o~
z'~e Mortgagor and the beirs, legal representatives and assigns of the
i~ortgagor, and, to tbe extent permitted by law, every subeequent owner of
-c'ne mortgaged property, and sball be binding upon and inure to the benefit
of tbe Mortgagee and its assigns. IY tbe Mortgagor, se defined herein;
c~nsists of tWO o~ more parties, tbis Mortgage aball constitute a grant
and mortgage by ~11 0~ tbem ~ointly and eeverally, and they sball be obli-
gated ~ointly and severally under all ~he provisione hereof and under the
I~~~te. The word "Mortgagee" eball include any person, corporation~or other
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