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HomeMy WebLinkAbout1720 j 1 i 1 the time of sUch default are, in the event of such ! default, hereby ass3gned as further security for the ~ ~ payment of said debt to ~he Mortgagee, which by virtue of such right to possession and as attorney-in-fact of the Mortgagor may d~spossess, by summary proceedings or otheri wise, any tenants of said premises then or thereafter in default in the payment of any rent, and the Mortgagor hereby irrevocably appoints the Mortgagee attorney-in-fact of the Mortgagor for ~uch purpose. In the event that the : , Mortgagor is an occupany of ~aid premi~es, the Mortgagvr agrees to ~urrender the possession of ~aid premises to the Mortgagee immediately upon any default hereunder and : ~ i if the Mortgagor remains in posses~iot~, such posse~aion shall be as tenant of the Mortgagee, and the Mortgagor agrees to pay monthly in advance to the Mortgagee such rent for the premises so occupied as the Mortgagee may demand, and in default of so doing, the Mortgagor may ' a2so be disposses~ed by ~ummary proceedings or atherwise. In case of the appointment of a receiver of rents and , i proFits of said premise~, the covenant~ of th3s paragraph ! : i ~ may be enforced by such receiver. ~ ; ; 14. The Mortgagor will not, without the prior written consent of the Mortgagee, as~ign the rents ~r ~ , , any part thereof, from said premises. The Mortgagor will ~ not consent to the cancellation or surrender of, or ; accept prepayment of rents under, any lease now or here- after covering said premise~ or any part thereof having k an unexplred term of more than 1 year; nor modify any such lease so as to shorten the term, decrease the rent, accelerate the payment of rent or change the terms of eny -9- ~aox204 ~~i?i9 i ti.: ~ ~ . ~ : ~ . r ~ ~ ~ ~ ~ ~ ~ ` . S~r . V ~ 4 ~