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Home My WebLink About1333 such default are hereby asaigned to th~ Moctgagee as further security for the payment of the indebtedneas aecured hereby; end the Hortgagee msy al8o diaposeess, by the usual e~a~oarq proceedings, any tonant defaulting in the payment of any rent to the lbrtgagee. ~til tn the event that the MortuaRor accupies the mortgaged property or ~ any part thereof~ tbe Mortgsgor agrees to surrender posscssion of sucn propercy to the !l~or[gagee imaectiately after any euch default hereunder, and if the Nortgagor rea~ains in poesession after suct~ default, such possessioa shall be as a tenant of the Hortgagee, and the Mortgagor shall pay in advance, upon demand by the Nortgagee, as a ressanable monthly rental for the premiees occu- pied by the Irbrtgagor, an emount at least equivalent_to one-twelfth of the aggregate of the t~lve monthly installn~ents payable in the current calendar year, plus the actual a~ount of the annual ground rent, if any, taxes, asssss- ments, Water rates,. other goverrouental charges, and insurance precaivna payable ~ in connection With the mortgaged property during such year, and upon the failure of the Mortgagor to pay such monthly rental, the Mortgagor may also be dispos- s sessed by the usual sum~nary proceedings applicable to tenants. This covenant ~ shall become effective immediateZy upon the happening of any such default, as ~ determined in the so2e discretios: cf the Mc>rtgagee, who shall give notice of such determination ~o the l~lortgagor; and in the case oF foreclosure and th~ ~ appointmert of a receiver of tt~e rents, the within coven~nt shall inure to the benefit of su^1~ receiver. 14. The Mortgagee in any Action to foreclose this Mortgage•shall be entitled to the appointment ot a receiver ~ithout notice, as a matter of right and vithout reba~-d to the value ot tre mortgaged property, or the solvency or insolvency of ~ the Mortgagor or other party liable for the payment of the Note and other in- # debtedness secured by this MortRa~e. ~ . , ~ 15, The Mort~agc-. within ten (10) daya upon request in person or aithin ~ cwenty ~GVj uaj%~ u~~:~ _~:~::~=5~ ~j w.-°s ~ f~.rni ah nrnmct~v a written SCBC@[UeRC ! in toran satisfactory to the Mortgagee, signed by the~Martgagor atrd duly acknoW- ~ ledged, of Che amount r.hen oWing on the Note and other indebtedness secured by ~ this M~ortgage, acd whethpr any offse~s or defenses exist againsC such indebtedness or any part thereo£. ` 16. The Mortgaoor will give i~:zaediate notice by registered or certified mail to ~ the Mortgagee of eny firp, damap,e or oCher casualty ~ffecting the mortgaged ` property, or of any cenveyance, tra~sfer or change in o~merst~ip of such property, ~ or any part thereof. ~ 17. Notice and demand ~,r r~~~ucst m3y be made in ~+ritinp and may be served in peraon or by matl. ; 18. In case of a foteclnsure sale of the murl-ga£ed pr~pArr~y, ir may he sol~l i : in one parc~l. ~ 19. 71ie M~r~~;agor c.~il i n~t assign th~ rents, i~~ ai~y, t~~1oi~• or in (tiACt~ f rom ~ the mortQ:~~e~1 property, or any part thereof, atitho~:t thc~ {•rior wr3r.ten cRnsent. ~ of the MortRagee. ~ ~ 20. Tl~e ttartg3~;ec i e lawi~slly seizcd of the tnur t y~ {~r~p~'r~ ~ right, fs~ll power and la~.~ful suChority to sel] ~rt-1 ~~•T~ve•: ~1~~ sa~-~ ~n ii~~ a•,:~~~ ~ ahovc~ prc?t~i~ie~), an~ wi ll warr~nt and defend the s~me to t~~-• ~~~~~~A f~r~ r against t~he taxfnl claims aud demands of any and All parri~~: c:i?=+t~~evPr. ~ 21. The I~tu+~tg.3gnr hei ehy waives thc benefit af a11 I~c~mest~a•.l e~*~~~~y~. ~or~s as to 'r' [he debt secureci by Cfiis Martpage ancl as to any ~xpendirure for i~~surances, texes, levies,.assessments, dues or charges i~cur.red by r.he Mortgaqee pursuAnt ~ rp, .any provl.si~n of thi s Mortga~e. ~ . ~ ~ 22. Thi.s Hortga~e and all ttie covenants, agreements, terms and conditions ~ ~ herein contained shall be binding upon ~nd inure to tbe benefit of~the Mortgagor ~ ~ and the heirs, legal representatives acticl assigns of Che<,~ottga,gor,_;and, to the • ; extent permitted by law, every subsequent arner of the mortgaged property, and ~ ~ shall be binding upon and inure to the benefit of the Mortgagee and its assigns. If the Mortgagor, as defined herein, mnsiats of tWO or more parties, this Mortgage shall constitute a grant and mortgage by all of th~cn jointly and ~ severally, and they shall be obligated jointly and severally under all the pro- visions hereof and under the Note. The Word "Mortgagee" shall include aay = : o R ~p ~1332 ~ ~ , ~ ~ . ~ ~ _ , . ~ 60011 ` t•. -6- - ~ ~ - ~ - _ . . ; . .W _