HomeMy WebLinkAbout0252 ~ ' !
of all taxes, assessments, water rates, sewer rents and other
charges on or against the Mortgaged Property; that such right
of Mortgagor to collect and receive said rents, issues and
~
proftts may be revoked by Mortgagee upon any default by =
S
{
Mortgagor under the terms and conditions of this Mortgage by ~
~
giving not less than Five (5) days written notice of such -
revocation to Mortgagor; that Mortgagor shall have the right or
power, as aga~nst -th~ hotder of this Mortgage without its consent,
. .t
t
to cancel, abridge or otherwise modify tenancies or leases of ;
~
~
r
tfie Mortgaged Property, or any part thereof, in existence on the !
. ,
e
i
date of this Mortgage, or to accept pre-payments of installments :
j
i
~
of rent to become due thereunder for a period of more than one (1~ ~
;
t
_ month in advance; that, in respect of any such lease whicti now or
at any time is covered by such restrictiQn, Mortgagor will (a)
fulfill or perform each and every item, covenant and provision ~
of any such lease to be futfilied or perfarmed by the lessor
thereunder; (b) give prompt notice to Mortgagee of any notice '
received by Mortgagor of default by the tessor thereunder,
together witfi a complete copy of any such notice, and (c) enforce, ~
~
short of termination thereof, the performance or observance of }
~
each arxi every term, covenant and provisioh of any such lease by ~
~ ~ ~r^.~ +~,r,?t~ ~
ti~e lessee thereunder w ve c~=~or+r~ed or c..J~.
~ the event of any default under this Mortgage, Mortgagor will pay
i
4 monthly in ad~rance to Mortgagee, or to any receiver appointed to
I
j collect said rents, issues and profits, the fair and r^easonable ~
~
! rental value for the use and occupation, of such part of the ~
i ~
i Mortgaged Property as may be in possession of Mortgagor, and upon
default in any such paymznt, will vacate and surrender possession
~
of such part of the Mortgaged Property to Mortgagee or to such
i
receiver and, in default, thereof, Mortgagor may be evicted by :
Ei
S
~ summary proceedings or olfierwise. ~
~
~
' ~
~
~ ~
~
I s
~
~~23$ ~ ~5~ ~
- ~
~
_ ~
t - -
_ -