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shall become effectiva immediately upon the happenir.g of any such default,
as determined in the eole discretion of the Mortgagee, who shall give
notice of sucY~ determibation to the Mortgagor; a~nd in the case of fore-
closure and the appointment of a receiver of the rents, the within oov-
enant shall inure t~ tbe bene~it of aucb receiver. -
14. The Mortgagee in ar~y act~on to foreclose tbis Mortgage 9ba11 .
be entitled to tbe appointment of a ra~eiver without notice, as a matter
of right and without regard to tbe value of tbe mortgaged property, or
the solvency or insolvency of tbe Mortgagor or otber party liable for
the payaent of the Note an3 other indebtedness secured b~ this Mortgage. ~
15. The Mortgagor, witbin.ten (10) days upo~ request in person or
wit~in twenty (20) day9 upon request by mail, will furnisb promptlq a ~
written statement in farm eatisfaatory to the Mortgagee, s~gned by the
~Iort~agor and duly acknowledged, of th~ amount tben owing on the Note and .
other indehtedness secured by this Mortgage, and whether any o~faets or
defensea exiat again~t such indebtedness or any part tbereoP. -
16. The Mortgagor will give im~ediate notiGe by registered or
certified aail to the Mortgagee of any fire, damage or otber casualty .
affecting t~e mortgaged property,_or of any conveyance, transfer or ch~nge
. .
in ownersbip o~ sucb property, or any part thereof.
17. •Notice and demand or request may be made in writing and may be
served in psrson or by ~aail. •
18. It~ case af a ~oreclosure ~ale o~ tbe mortgaged propert9 it may
be sold in one parcel. -
~ 19. The Mortgagor will not asaign tbe rents, if any, in wbole or iti
part, from ~he mortgaged property, or any part tbereof, witbout tbe prior
wr`tten conaent o~ tbe Mortgagee. ~
' 20.~ The Mortgagor i9 lawtully seized o~ tbe mortgaged~property and
t
~ nas good right, full power ana lawful suthority to sell and convey.tbe
same in t~e manner above provided, and will warrant and defend tbe same
to tbe Mortgagee forever againat tbe lawful claims and demanda of any
and all parties whatsoever. ' -
~21. The Mortgagor bereby waives the benefit oY all hc,mestead egemp-
zionss as to tHe debt ~secured by this Mortgage and as to any expenditure
for insurance, taxes, levies, asses~ments, duea or cbarge9 incurre3 by
t~e Mortgagee pursuant to any proviefon o~ tbis Mortgage.
This ~~ortgage and all the covenanta, agreements, terms and condi-
tiians herein contained aball b2 binding upon ~nd inure to the benefit of
ine Mortgagor and the beirs, legal representatives and aasigne o~ the
~Iortgagor, and, to tbe extent permitted by law, every subsequent owner o~
the mortgaged property, and shall be binding upon and inure to tbe benefit
o~ tbe Mortgagee and ita.assigna. If tbe Mortgagor, as defined berein,
consists oY two or more~parties, th~s Mortgage shall constitute a gaant
and mo~tgage by all of tbem jointly and severally, and tbey shall be obli-
~ated j~intly and severally under all tne provieion~ bere~f and under tbe
~3ote. Tbe word ~~Mortgagee" shall include any pereon~, corporation or otber
~ a~1~ ~ 4~7 ' ~
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