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~~snall baccme eifectivz ~ramediately upon the happening of an~ such default,
~.s determinzd in z~e sole discretion of tihe Mor~gagee, who shall give
notice of suc?~ netermir.ation to the tilortgagor; and in the . case of fore-
closure and the appaintment o~ a receiver of the rebts, the within cov-
enant shall inure to the benefit of sueh receiver.
14. The N;ortgagee in any action to +oreclose t'nis Mortgage shall
be entitled to the appointment of a receiver wi~thout notice, as a matter _
of right and without regard to the value of the martgaged property, or
the solvency or insolvency o~ the Iiortgagor or other party liable for
~he payment of the Note and other indebtedness secured by thi~ Mortgage.
15. TY~e I~~ortgagor, ~•ithin ten (10) days upon request in person or
~aithin twer,ty (20) days upo~ reques~c by mail, will furnish promptly a
written statiemen~ in forn satisfactory to the Mortgagee, signed by the
;~lortgagor and duly ack~owledged, of the amount then owing on the Note and
other indebte3ness secured by this Mortgage, and whetber any offsets or
defenses exis~ agzins~t such indebtedness or any part thereof.
16. lhe Mortgagor wi~l give immediate notice by registered or
certiiie3 mail to the i~ortgagee of any fire, da.mage or other casualty .
aifecting tiie mortgaged property, or of any conveyance, transfer or cbange
in owners'nip of such property, or any part thereof. '
17. -Notice and nemand or request ma.y be made in writing and may be
served in person or by mail. .
18. In case of a foreclosure sale of the mortgaged property it may
be sold in one parcel. ~
19. The Mortgagor wi~l not assign the rents, if any, in whole or in
part, from the mortgagen property, or any part thereof, without the prior
wr't~en consent of tibe I~ortgagee.
20. ~he ~iortgagor is lawfully seized of the mortgaged property and
~ '^as good right, full power and lawful authority to sell and convey the
~ same in tY:e manner above provided, and will warrant and deYend the same
~ to the Mortgagee forever against the lawful claims and demands of any
~ and all parties whatsoever.
21. ~he rfortgagor hereby waives the benefit o~ all homestead exemp-
ti:_ons as to t'ne debt secured by this Mortgage and as to any expenditure
for insurance, taxes, levies, assessments, dues or charges incurred by
t'ne Mortgagee pursuant to any provision of this Mortgage.
Thi:, ~:crtgage and all the covenants, agreements, terms and condi-
~ions hereir co:~tained shall be binding upon and inure to the benefit o~
~
~ ~he .~:or~ga~or and the heirs, legal representatives and assigns o~ the
::ortgagor, ar.d, ~o the extent permitted by law, every subsequent owner of
~'ne rort~aoed prorerty, and shall be bindit~g upon and inure to the benefit
~f the ~~ortgagee and its assigns. If tne Mortgagor, as defined hereins
consists oi two or ~ore parties, ti~is i~ortgage shall constitute a grant
and ~or ~~a~;e by ~,11 of the~a jointly and severally, and they shall be obli-
~a~ed ioin~ly and severally under all the grovisions hereof and under the
i~ote. The worc ~~:iort~agee" shall include any person, corporation or other
~ ~ aQOK180 ~~E~448 '
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