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shall become eYfective immediately upon the happening oi any euch default~
as determined in the sole diecretior~ of tbe Mortgagee, who ehall give
notice of such determination to the Mortgagor; an d in the case oP tore-
closure and the appointment of a receiver of the rente, the within cov-
enant shall inure to the benefit of aucti receiver. ~
14. The Mortgagee in any actfon to Yoreclose tbis Mortgage ehall
be entitled.to the appointment of a receiver without notfce, as a matter
of right and witbout regard to the value of the mortgaged property, or ~
the solvency or inaolvency of the Mortgagor or other party liable for
the payment of the Note and other i~debtedneas secured by this Mortgage.
~5. The Mortgagor, within ten (10) days upon requeat in person or
within twenty (20)~days upon requeat by mail, will furnisb promptly a
written atatement in form satiafactory to the Mortgagee, signed by the
Mortgagor and duly acknowledged, of the amount then owing on the Note and
other indebtednesa aecured by thie Mortgage, and whether any offsets or
defensea exiat againet euch indebtedneae or any p~rt thereof.
16. The Mortgagor will give immediate notice by regiatered or
certified mail to the Mortgagee of any fire, damage or other casualty
affecting the mortgaged property, or of any conveyance, tranafer or cbange
in ownership of sucb property, or any part tbereof.
17. •Notice and demand or regueat may be made in writing and may be
served in person or by mail. ~
18. In case of a foreclo9ure aale of tbe mortgaged property it may
be sold in one parcel. ~ ~
i9. The Mortgagor will not aseign the rents, if any, in whole or in
part, from the mortgaged propert~r, or any part thereof, without the prior
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wr'tten consent of the Mortgagee. -
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' 20. The Mortgagor ia lawfullq aeized oi tbe mortgaged property-and
` ~as good right, full power and lawful autbority to aell and convey the
~ same in the manner above provided,-and will warrant and defend the eame
; to the Mortgagee forever againet the lawful claims and"demande of any
~ and all parties whataoever.
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21. The Mortgagor hereby waives the benefit of all homeetead eaemp- ;
~ tions.as to the debt aecured by this Mortgage and ae to any ezpenditure ~
f~r insurance, taxes, levies, aese8smenta, duee or chargee incurred by i
the Mortgagee purauant to any proviaion of this Mortgage. '
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This Mortgage and all the covenanta, agreementa, terms and condi-
~ ~~ons herein contained shall be bindi~g upon and inure to the benefit of
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~ t'.~e Mortgagor and tbe heirs, legal representatives and assigne of the
i~ortgagor, and, to the extent permitted by law, every aubeequent owner of ~
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tre mortgaged property, and shall be binding upon and i~ure to the benefit
of the Mortgagee and ita assigna. If the Mortgagor, as deYined herein,
consists of two or more parties, tbis Mortgage eball constitute a grant
?nd mortgage by all of them jointly and aeverally, and tbey sball be obli-
gated jointly and severallq uDder all the provieione hereoY a~d under the ~
i~ote. Tbe word ~~Mortgagee" eball include aDy pereon, corporation or otber
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