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~:all beco~e effective ~~mediaiely upon the ~appening of any such default,
~~s determined ir. t~e sole discretion of t~e i~ortgagee, who shall give
::~tice of such ceternination to th2 ~ortoagor; and in the case of fore-
oiosure an3 t'r.e appointment of a receivEr of the rents, the within cov-
cr.a7t shall ~nure to the benefit of such receiver.
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14. ~he ~ortgagee in any action tc foreclose this Mortgage shall
:.e enti~~ed to tY:e appointment of a receiver without notice, as a natter :
rigY:t an~ without regard to the value of the mor~gaged property, or
~::e solvency or insclvency of the Mortbagor or other party liable for
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~'::e payment of t'ne I~ote and ozher indebtedness secured by this riortgage. ;
15. Ti:e Y~rtgagor, within ten (10) days upon request in person or
~~::t'r,in t~•:en~y (20) days upon request by mail, will furnish promptly a
-,:ritten s~atenent in form satisfactory to the Mortgagee, si~::ed by the
::~rtbagor an3 duly acknowledgen, of the a.mount then owing on t~e Note and
:,~ner indeL~edness secured by this Nort~;age, and whether any offsets or
:~eienses ex~st against such indebtedness or any part thereof. ;
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16. T'ne ~;ortgagor will give imc~ediate notice by registered or }
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~ertified mail to tne Mor~gagee of any fire, damage or other casualty ~
~~fecting t~e mortga~ed pr~perty, or of any conveyance, transfer or change
ownershi~ of such property, or any part thereof.
i7. l~ot~ce and demand or request nay be made in writing and may be
~erved in person or by mail.
i8. In~case o~ a foreclosure sale of the mortgaged property it may
~z sold in one parcel.
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1O, The Nort~agor wili not assign the rents, if zny, in whole or in
:art, from tne ~or~gaged pro~erty, or any part thereof, without the prior
-;:r ~ tter. cor.sent cf tne Mortgagee. ~
20. T'.:e ?Y:~rtgagor is lawfully seized of the nortgaged property and
~ ~.:.s gocd rig~.;., ful~ power and law~ul authority ta sell and convey the _
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k ~:we in tre ~anner above provided, and will warrant and defend the same ~
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E the N:or~~agee forever against the lawful claims and demands of any
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~ ar.3 all ~arties whatsoevEr.
~ 21, i~%:e i~icrtgagar nereby waives the benefit of a~l homestead exemp-
~ns as Lo the aebt secured by t'r.is i~Iortgage and ~s to any expenditure
~ `~r insurar.ce, ~axes, levies, assessments, dues or charges incurred by
~:e i~ortgagee : ursuant to any provision of t'nis Mortgage.
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~ ~s ::~r~baoe and all t:~e covenar.ts, agreenents, terms anC cor.di- '
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~ ~ns ~ere~ : cortainec s:~z? 1 be ~indir,b u~or. and ;nure ta the ber.e~it of ;
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~ _:~.e ::crtya~~r ana e'r~eirs, ~egal re~resentat~ves and assigr.s of the ;
~ :~:~rt~a~ar, ~::c, ~o ~ne ex~ent pervitted ~y ~aw, every subsequent owner of '
~ ::e War~~~~ed :,roperty, and s~all be b~ndzng upon and inure to the oeneiit ~
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~ ~:e :~r~~a~ee and its assigns. If thE Vortgagor, as defined ;er~in, ~
~ ~~r.sis;.:: o_° twc or ~ore Narties, t'ais ::ortgage shall canstitute a grant {
~ ~~a~e c;~ a~l o, t'r.e~i ;oint~y ar,d severayly, and they sY:all be obli- i
~ ~ec ' o: ::t;;~ and sever211y ur.der all the provisions hereof and under tre !
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:::.Le. ~'r.e crord ":ior~~agee" sr,all ir.clude any person, corporation ~r otner ~
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~ Poo~187' ~~~9?' ~
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