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~~.all beco::.e e~iective iwmed~~~e~y upon the 'r.apper.ir,g oi ar.;~ ~uc~ default,
-ws deter~in~d ir. t?:e sole ai~crztion oi t:re Ifortgaoee, ~vho snall give
::otice of ~uch czeter~~natiion ~o the ;~ort~Ggor; and in the c~sz of fore-
closurz and i,ne a~point~enti af a receiver of the renzs, t~ie ~~~ithin cov- ~
enant shall inure t~ the benefit of such receiver.
14. ^he :~.ortoaoee ir. any action to foreclose this P~or ~~age shall ;
~e entitled to t:~e appo~ir.tment oi a receiver without notice, as a~atter
of right and w~thout regarn to the value of the mortgaged pr~perty, or
the solvency or insolvency of the Mortoa~ar or other party ~izble for :
~he payment of the idote and ot'ner indebtedness secured by tf~is i~;ortgage. ~
. ~
15, ihe i~~or ~;agor, within ier. (1 da;~s upon request ~ n person or
~,tir~tY;in twzr.ty (20) days upon request by ~ail, will furnish promptiy a
~~rritten s;,atemen~ in iorm satisfactory tio t'r~e Mortgagee, sibned by the
:•iortga~or Gnd duly ack_nowledged, of ~he amoant then owing on the Note and
other indebtedness secured ~y this Mortgage, and whether any offsets or
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~e~enses exis agaz:~s sac in e e ness or any par ereo~.
16. The Mortgagor will give ia~ediate notice by registered or
certiiied mail to ~he ~iortgagee o~ any iire, damage o~ other casualty
affecting z'ne ~ortgaged ~roperty, or of any conveyance, transfer or change
ir. ownersh~p o~ suc'n y~roperty, or ar,g part thereof.
17. - iTotice and dem~:~d or r~eguest may be made in ~,rritir.g and may be
served in person or by m~.~l.
18. ~.n ca~e o~ a forzclosure s~.le of the mortgaged groper~y it may
oe sold in one narcel.
19. The l~iortgagar will n~t assign tihe rents, if any, in whole or in_
~art, iron the aortga~ed proper~y, or any part thereof, without t'ne prior
~ ~ti~r'tten cor:sent o~ ;,he Nor~gagee.
!
~ 20. ~he iior~~~oor is lawiuily seized of the mortigaged pr~perty and
~ :as good r~ ~nt, ~ull po~aer and la~ti~iul au ~hority ta sell and convey the
~ saae in the manr,er above provided, and w~ll warrant and defend t'ne same
~ ~o the Mo~taagee forever against the la~~riul claims and denands of any
~ and all parties :rha~soever.
Y
~ 21 . ~he i;ortgagor ~:,ereby wzives the bene~it of all horaestead exemp-
~ ~-.ons as ~a the deb~ secured by t:~is i~ortgage and as to any expenditure
~ ~~r insurance, ~axes, levies, assessnents, dues or charges incurred by
~ v.~e Mor ~ga~ee pursuan ~ to a:~y provision oi this iVlortgage.
~
~ Th~s ::art~~oe and all ;,:~e covenan~s, agreements, terms 3nd cor•di-_
~
~ ~;on~ ~,e~e= : co : ~a~:;ed sna? 1 be bindirso upon and inure to t'::e bene~it af
~ ~~~e i~ort~a~~r and t: e heir~, Iegai representatives and assi~~s of ~he
~
' ::~r ~~a~0'l ~ ar.d, to ~ne es: ~er~z ~;ernitted by law, every subsee~aent owner of
~
~ ~:e ~^or ~oa~ed property, ana s'.^.ali be Gindir_g upor, and inure ~o the benefit
~
~ the i~_or~~a~ee ar.~a its assi;ns. ~f the Nortgagor, as def~.ne~ herein,
~ c~~si~ two or ~.ore parties, ~his ~:ortgage shall consti ~ute a~rant.
~ ~:d :ao~ ~g~~e al~ of t~,ea~ j~intiy and severally, and they ~sha~l 'oe obli-
~
~ ~-ated ;oir~;,-~y a:.u severally ur,der ail tne provisions hereoi and under ~he
~
~ :;ote: T~:e worc ~:~ortoagee" snall include any person, corporati~n or other
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