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shall become effect~ve immediately upon the happpbing df any such default,
as de+ermined in the aole discretio~ of the Mortgagee, who shall give
notic~ oY such determination to tbe Mortgagor; an d in the case o~ f~re-
closure and tbe appointment of a receiver of the rents, ~he within cov-
enant shall i~ure to the benefit of such recei4er. _
14. The Mortgagee in any action to foreclose this Mortgage shall
be antitled to the appointment of ~ receiver without notice, as a matter
of right anci without regard to the value of the mortgaged property, or
t~e solvency or insolveACy of the Mortgagor or other party liable for .
the payment of tbe_Note and other indebtednesa secured by this Mort~age.
15. The Mor~gagor~ witbin ten (10) days upoD requeet in person or
witbin twenty (20) days~upon request by mail, will furnish promptly ~
written statement in form satisfactory to the Mortgagee, signed by tbe
Mortgagor and duly acknowledged, of tbe amount tben owing on the Note and .
other indebtedness secured by this Mortgage, and wbetber any off~eta or
defenaes exist against 9ucb indebtedness or any part thereof.
16. T~e Mortgagor will give immediate no~ice by registered or
certified mail to tbe Mortgagee of any fire, damage or otber casaalt9 ' .
affecting tbe mortgaged property, or of any conveya~ce, transfer or cbange
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in ownership of sucb property, or ang part thereof.
17. •Notice and demand or request may be made in writing and may be
served in person or bg mail._ ~ -
18. In case of a foreclosure sale of the mortgaged property it may
be sold in one parcel.
19. ~The Mortgagor will.not ~ssign tbe renta, if any, in wbole or in
~ part, from tbe mortgaged property, or a~y part thereof,.without tbe prior
wr`tten conaent of tbe Mortgagee. ~
- 20. The Mortgagor ia lawfully seized o~ tbe mortgaged property and
~ r,as good right, full power and law~ul autbority ta sell and convey-the
~ same in the manner above provided, and will warrant and defend tbe same
to tbe Mortgagee forever again9t the law~ul clai~a and demanda of any
and a11 partiEe whatsoever. '
21. Tbe Mortgagor hereby waive~ tY,e~bene~it of all bomestead exemp-
tions as ta tbe debt secured by tbis Mortgage and aa to any expenditure -
for insurance, taxes, levie~, asaeasments, duea ar cbargea incurred by
the Mortgagee pursuant to any provision o~ tbie Mortgage.
Tbie i~ortgage and all tbe covenants, agreements, terme and condi- ~
tions herein contained shall"be binding upon and inure to the benefit o~ ~
+?~e Mortgagor and tbe heirs, legal representatives and assig~s o~ the
Yortgagor, and, to tbe extent permitted by law, every subaequent owner of
the mortga~ed property, ~nd sball be binding upon and inure to the benePit
of the~Mortgagee and ita assigns. If the Mortgagor, ae defined berein,
consists of two or more parties, t~is Mortgage 9ba11 constit~te a grant
_and mortgage by a11 0~ them jointly and severally, and the;; shall be obli-
~ated jointly and severally under all the provisiona hereof and under the
Note. Tbe word "Mortgagee" shall include any peraon, corporation or otber
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