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srall beco~wz e~fective iL:~eui~ze~y upon ~he nappenir.g of any such default,
as deter~i:~ed in ~Ye sole discre~ion of ~he ~tortgagea, who ~~all give
notice of such netier~ir.stion ~a the P~Ioxtga~or; and in the case ~f fore-
closure and the appointmen~ oi a receiver of the rents, the within cov-
enant shall inure to the be~eiit of such receiver.
14. Tne i~iortgagee in ~ny 3ction to ioreclose this l~ortgage s?~all '
be entitled to the appointmer.ti of a receiver withou~ notice, as a natter
of righti ar.d witrout regard to ~he value of the m~rtgaged property, or
the solvency or ins~lvency of the ~ior~gagor or other par~y iiable for
the paympn~ oi tha Note and-other indebtedness secured by t:~is Mortgage.
15. ~he ~Iortgagor, within ten (1G) days upon request in person or
within twenty (20) days u~on request by mail, wi?1 iurnish promptly a
writter. state~2rt in iorn satisyactory t~ the Mortgagee, 4igned by the
Mortgagor and.duly acknowledged, of the amount then owing on the I3ote and
other indebtedness secured by tY:is Mortgaoe, an~ whether any offsets or
defenses exist against such indebtedness or any part thereof.
~ ~ m~. z~s.. n.,. i t _ _ a _ _ l _ - - - - L - - - ~ - - ~ - -
~V~~..~ a~. v ~....r~i.w~uvv uv vav~ irbii.J V~riV~ VL,
certifiec ~ail to the Mortgagee of any fire, damage or other casualty
affecting the ~ortgagen property, or of ar.y conveyance, transfer or change
in ownershi~ o~ such ~rflperty, or any part thereof.
17. ~~otice ar,a denand or request ma3t be made in writing and nay be
served in person or by mail.
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18. ~n case oi a foreclosure sale of the mortgaged property it may
be sold in ane parcel.
19. The Mort~agar~will not assign the rents, if any, in whole or in
part, from tne nort~aged proper~y, or any part thereof, wit'nout the prior
wr'tten co:~sent of ~he ~ortga~ee.
20. TY:e i~or ~gagor is l~wfully seized of the mortgaged property and
~ has good right, f~il power and lawful auihority ta sell and convey tr.e
same ~n t~e mar.ner above provided, and will warrant and defend tne same
to the Morzgagee ~a~ever ~.~ainst the lawful claims and demards of any
and all parties whatsoever.
21. The I~iortoagor hereby waiv~s the benefit of all ho~estead exenp-
ti.ons as to the debt secur~d by tnis i:ortgage and as to any expenditure
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for insurance, taxes, levies, assessments, dues or charges incurred by
the Mortga~ee pursuan~ to any pxovision of t'nis i~ortgage.
inis .r.~r~gage ard al~ the cover.ants, agreemer,ts, terms and cor.~i-
tions ierein cor~a~red s'nall be binc~ng u~on and inure to the benefit of
ti.~e .~:ortigaaor and t:~e hei~~, legal representatives and assigns of the
:~;~rt~a~:.,r, ar.~n, ~he extent perm~tted by Iaw, every subsequent oti,mer of
;,he ~;,r~ga~ea property, and shall be binding upon and inure to the benefit
of ~i~~ ::orLga~ee and its assigns. If the i~ortgagor, as defined herein,
cor.s:sts two ~r Wore ~aarties, tY:is ~ort~age shall constitute a grant
ana ~~rt;aQe bJ ail of the~ jointiy and severaliy, and t~ey shall be obli-
oate3 ;o~::tly and ;,~verally under all the provisions hereof and una~r the
tdote. T'r,e word ":fortg2gee" sha~l include any person, corporation or other ;
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~ gaox 183 P~ 1450 '
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