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HomeMy WebLinkAbout0424 • ~ ~ ; i ;;hall beaome efieotive immed~e~ely upon Lhe hsppening ot any suoh aefault. ;;a determined in Lhe eole dieor~ti~oa o! the Mortgagee~ who shgll give notios o! euch determination to the Mortgagor= anA fn tho osse o! fore- clooure and the appointmen~ of a receiver ot Lhe rents, the within oov- enan~ ehell inure to the benefit oi euch reoeiver. ~ 14. The Mortgagee in any aation to forecloee thie Mortgsge ahsll be entitled.to the appointment o! a reeeiver without no~loe, ae a matter ~ ~f right end without regard to ths value o! the mortgQgeQ property,~or ~ the eolvency or ineolvenoy of the Mortgagor or other party lisble !or the payment ot the Note ond other indebtedneae eeourefl by thie Mortgaga. 15. The Mortgagor, wiLhin ten (10) daye ~pon request in pereon or within twenty (20) daye upon ~requeet by mail, will lurnieh promptly a ~ ~ written etatement in form eatiefaotory to the Mortgagee~ eigned by the ~ ; Mortgagor and duly aoknowledged~ ot the amount then owing on the Note anQ ~ other indebtednese aecured by thie Mortgage,-and wbether any o!?eete or ~ defenaea exiet agai~et euoh indebtedneee or any p~rt thereol. ; 16. The Mortgagor will give immediate notioe by regiatered or ~ certified mail to the Mortgagee o! any lire~ damage or other oae~elty € affecting the mortgaged property, or of any ~conveyeooe, traneier or ohange ~ t f in ownership of such property, or any part thereof. ~ 17. •Notice and demand or requeet msy be made in writing anQ may be served in person or by mail. ~ 18. In csae of a forecloeure eale ot the mortgaged property it may be sold in one parcel. . i 19. The Mortgagor will not aeeign tbe rente, if any, in whole or in i part, from the mortgaged property, or any part tbereoi, witbout.tbe prior j - ~ wr'tten conaent of the Mortgagee. - ' ~ ' 20. The Mortgagor fe lawiully aeised oi the mortgaged property and ~ ~ ~ ~ !:as good right, full power and Zawful authority to eell and oonvey the ; ~ same in the manner above provided, and will.warrant and defend the eame ; to the Mortgagee forever against the lawful claime aDd demande ot any and all partiea whatsoever. . ~ ~ 21. The Mortgagor hereby waivea the beneYit of all homeetead exemp- ti~ns as to tbe debt eecured by thie Mortgage and ae to any expenditure :or inaurance, taxee, leviee, assesamente, duee or chargea incurred by ~ the Mortgagee purauant to anq provieion o! tbie Mortgage. ~ f , . s ~his Mortgage and all the covenante, agreementa, terma aud condi- ~;ons herein contained shall be binding upon and inure to the benefit oi ~ i::e Mortgagor and the heire, legal representatives and aseigne of the ~:ortgagor, and, to the extent permitted by law, every eubsequent owner of ~:.e mortgaged property, and shell be binding upon and inure to the beneYit oi the Mortgagee a~d its saeigne. If the Mortgagor, ae defined herein, c~nsists of two or more partiee, this Mortgage sball conetitute a grant ar.d mortgage by all of them ~ointly and aeverally, and tbey eball be obli- ~ . ~ gated ~ointly and eeverally under all tbe proviei~one hereoi and under tbe ~~ote. The word "Mortgagee" ebell include snq pereon, corporation or otber • ~186 ~ ~ 423 ~ - - _r . - - - - - , _