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shall become effective immediately upaa the happening oi any sucb default~
as determined in the aole diacretior ot the Mortgagee~ who e~all give
notice ot auoh detarmination to the Mortgagor; an d in the case of lore-~
cloaure and the appointme~t of a receiver ot the rente, the within cov- ~
enant shall inure to the beneYit of auch receiver. ~
14. The Mortga~ee in any a~tion to Poreclose this Mortgage ahall
be entitled to the appointment of a receiver without notice, ae a matter
of rfght and without regard to the value of the mortgaged property, or _
the ~olveney or inaolvency oP the Mortgagor or nther party liable for
the payment oY the Note and.~other in,debtedneae secured by thia Mortgage.
. 15. The Mortgagor, within ten (10) daqa upon request in person or
within twenty (20) days upon request by mail, will furnisb promptly a
written statement in form satisfactory to tbe Mortgagee, aigned by tbe
Mar~gagor and duly acknowledged, oY the amount then owiug on the~Note and
other indebtedness secured by this Mortgage, and wbetber any offsete or
defensea exist against such indebtednesa-or any part thereof.
'i6. The Mortgagor will give immediate notice by registered or
certified mail to the Mortgagee ot any fire, damage or other caaualty
affect~ng the mortgaged property, or of any conveyance, transYer or ehange
in ownership o~ such property, or any part tbereof. .
17. ~Notice and demand or request maq be made in writing and may be
served in person or by mail. .
18. In case of a foreclosure sale of tbe mortgaged property it may
be sald in one parcel.
'!9. The Mortgagor will not assign the rents, if ariy, in whole or in -
part, from the mortgaged property, or any part tbereof, without the prior
wr'tten consent of the Mortgagee. -
20. The Mortgagor is lawfully seized of the mortgaged property and
nas~good rigt~t, ful~. power and lawful authority to sell and convey .the
same in the manner above provided, and will warrant and defend the same
to the Mortgagee forever against the lawful claima and demands of.any
and all parties whatsoever. ~
21. The ~Iortgagor hereby waives the benefit of all homestead e$emp-
tions as to the debt secured by this Mortgage and as.to any expenditure .
for insurance, taxes, levies, assessments, dues.or charges incurred by
the Mortgagee pursuant to any proviaion of this Mortgage.
Thia Mortgage and all the covenants,,agreements, terms.and condi= -
tions herein contained shall be binding upon and inure to the b~nefit of
the Mortgagor abd the heirs, legal repreaentatives and assigns of the
~iortgagor, and, to the extent permitte~d bq law, every subsequent owner of
the mortgaged property, and shall be binding upon and inure to the benefit
~f the Mortgagee and its assignB. If tbe Mortgagor, as defined herein, ~
consi~sts o~ two or more parties, thie Mortgage sha11 constitute a grant
and mortgage by all o~.them ~ointly and severally, and they ahall be obli-
gated ~ointly and severally under all tbe provisiona hereof abd under the
R'ote. The word ~~Mortgagee" ahall include any person, corporation or otber
~~K 186 ~ 2852
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