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Home My WebLink About1891 . ~ such default are heYeby asaigned to thP Mortgagee ae further securiCy for the ~ paya~ent of the indebtednees secured hereby; ahd the Mortgagee may also disposeess, ? ya e by the usual euaaoary proceedings. sny tenant defaulting in the payment of any ~ rent to the Mortgagee. ~ . _ (b) In the eve~t that the Mortgagor occupiee the mort~aged~prop`rtyAor~M'v ~ any part thereot ~ f~1E l'bTtgB$Or agte~~6 i.t) MUt iCilCi~i ~~JbbicobliiLi ~sa :.:s~i: ~cv~..~ ~ - to the lbrtgagee im~acdiately after any such default hereunder, a~?d if the Hortgagor remaina i~ poesesaion after such de~ault, such possession ehall be i ae a tenant of the Mortgagee. and the Mortgagor ahall pay in advance, upon demand by the l~lortgagee, as a reasonable monthly rental for the preaises occu- ~ pied by the Mortgagor, an amount at least equivalent to one-twelfth of the , aggregate of the twelve monthly installments payable in the current calendar year, plus the actual anwunt of the annual ground rent, if any, taxes, assess- - ments, water rates, other gover~mental charges, and insurance premivms payable in connection vith the mortgaged property during euch year, and upon the failure of the Mortgagor to pay such awnthly rencal, the Mortgagor may also be dispos- sessed by the usual summary pYOCeedings applicable to tenants. This covenant _ shall became effective i~aediately upon the happening of any such dafault, as d~ter~nined in the sole discretion of the I~lortgagee, Who shall give notice of sucn deiern,ina t io~r ~U i.~ic ~rii? ~b~bt~I' ~ iiY ~:ic. i..z~2 a'!a F~2"Q_ ~ ~~L!~~ 8^~ appointnent of a receiver of the reacs, the vithin covenant ahall inure to-the - benefit ~~f such receiver. ~ 14. The Mortgagee in ~ny ~+ctio~ to ~oreclose this Mortgage shall be entitted to the appointment of a receiver witt~out notice, as a a~atter of right and without regard to :I~e value of the mortgaged property, or the solvency or insolvency of the M~ortgagor or~othe~.patty. l,iable for thc payment of the Note and other in- debtedneas secc~P.~? by t:iis Mat'~~age. 15. The M~ortga~or, ~?•:.thin tec: (10) days upen reqcest in person or Within twentv (20) days spon req~est bv mail, :-~ill furnisrt prom?r_ly a written statement in form satisfactory to the Mortga~;ee, signed by rhe Mortgagor artid dutq actcnow- leciged, oF rh~ amou~r *hen oWing on the Note and other indebtedness secured by this M~rC~a;;a, and whe~he~ any offsets or defenses exist against such indebtedness or any pari theraoi. 16. ltie Mortgagor will giva ~r.u1e~ :.ate notice by registered or certified mail to i ihe ~iortgagee oF euy fir~, d«~~?~y,e or ~tr?er casualty affecting the mortgaged ~ property, o*- of a,~y conv~~yance, ~r~=tsfer or change in o~-nership of such property, ~ or aay par[ thereof. ~ f ~ ' arxl ma be served in 17. ;V~~tice an~ deman~i ~qu~.5t ~-:_yy be made ~n writinp, y ~ person or by a~ail. ~ lii. In ca3e ~f a ferecl~~sure ~~ale of the mortgsFed prn{~~rt ~ i may he sol~~ in one ~~arcel. i9. ~1C ti`OY~;~1~;dr W!~I '.clL a~S~t~il t~lE` rents, all}'~ lt' i•~.7i~' Ol ~Il j,~rt~ 1C01t~ the mort~:ike~1 rr~t~rry, or any part thereof, without thQ ~~rinr wrir.ten co~~se~~~ 4 of the MortRa,=ee. ~ ~ : ~ • ~ ~ n~ f apft~ •1~(• •1~ At:~~ 1~~ ' 2 2U. Tl~e Mar. ;a~er i,s l~c:: ~~t ly s_ Lect of tiie m~r ~ ~ r ~ s;•• f ~ rzgl?l, fv?1 ~~.~~er asid lawf.ui aut~:ori[y to se.ll :?n-1 r~r~v•~: t:i~^_ ~:a^:r 'n ti~F' ; abovA FTavi~le~3, and wili wr+rr~nt ard defend the sam~ r~ t?~• ~t~~'4~~pP° ~~~~='-~~Fr : aRainst t-he 1:~~; Fz~l cl: ims ~nd demands of any an~~ a I1 part ~ c. i~~t `~npuP~ . ~ S S _ ?1. Tlio MorLga~•~r he+cb} waives Lhe benefit of A11 l~c~me~tea•1 ex+~mE~~ i~ns as Co ~ th~.debr sec,ured by t}?is ~Iort~;age and as to eny ~Y~,endirurP for i~~surances, ~ ~ taxe~, levies, ~s~3ssments, dues or charges incurred hy rhe Mortgagee pursuant f ~ to any provisi~n of this MortRaRe. ~ ~ ~ 22. This l~tortgaoe and All the covenents~ agreements, ter*ns anc~ conditions herein containPd sha11 be binding upon and inure to the benefit of the Mortgagor ~ and the heirs, legal represei~tatives and assigns of the Mortgagor, and, to the • extent permitted by 1AW, e~Pry subsequent owner of the mortgaged property, and shall be binding upon and inure to the benzfit of the Mortgagee a~ its assigns. j If the Mortgagor, as deffn~d herein,aonsists of two or :nore parties, this ' ~ ~ Mortgage shall constitute a grant and mortgage by a11 of them jointly and severally, and they shall be abligated jointly and severally under all the pro- visions hereof and under the Note. The word "Mortgagee" shall include any t~r~ _ . - - - ~ 0 R JV PACEIC3~ ~ 6 800K ~ ~ ~ _ _ _ - _ _ - - ~ ~ ~ ~-.~°v~ ~ . e _ . _