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24. A intment of Receiver. Mortgagee, in any
action to foreclose t s Mortgage or upon the actual or
. threatened waste to any part of the Mortgaged Property or upon
the occurrence of any default hereunder, shal~l fbe at liberty,
without notice, to apply for the appointment of a receiver of
the Rents, and shall be entitled to the appointment of such
receiver as a matter of right, without regard to the value of `
the Mortgaged Property as security for the Debt, or the
solve~cy or insolvency of any pe~son then liable for the
payment of the Debt.
25. Non-Waiver. The failure of Mortgagee to insist
upon strict performance of any term of this Mortgage shall not
be deemed to be a waiver of any term of this Moctgage.
Mortgagor shall not be telieved of Mortgagor's obligation to
pay the Debt at the time and in the manner provided for its
payment in the Note and this Mortgage by reason of :
i. failure of Mortgage to comply with any request of
Mortgagor to take any action to foreclose this
Mortgage or otherwise enforce any of the provisions
hereof or ot the Note or any other mortgage,
instrument or document evidencing, securing or
guaranteeing payment of the Debt or any portion
thereof,
ii. the release, regardless of consideration, of the
whole or aryy part of the Mortgaged Property or any
other security for the Debt, or
iii. any agreement or stipulation between Mortgagee and
any subsequent owner or owners of the Mortgaged
Property or other person extending the time of {
payment or otherwise modifying or supplementing the
terms of the Note, this Mortgage or any other
mortgage, instrument or document evidencing, securing
or guaranteeing payment of the Debt or any portion
' thereof, without first having obtained the consent of
!
R Mortgagor,
R and in the latter event, Mortgagor shall continue to be
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~ obligated to pay the Debt at the time and in the manner ~
provided in the Note and this Mortgage, as so extended, j
modified and supplemented, unless expressly released and ~
discharged by Mortgagee. Regardless of consideration, and ~
without the necessity for any notice to or consent by the s
holder of any subordinate lien, encumbrance, right, title or
inter~st in or to the Mortgaged Property, MQrtgagee may release
~ any person at any time liable for the payrr~ent of the Debt or
~ any portion thereof or any part of the security held for the
Debt and may extend the time of payment or otherwise modify the
~ ~ terms of the Note and/or this Mortgage, including, without _
limitation, a modification of the interest rate payable on the
s principal balance of the Note, without in any manner impairing `
R or affecting this Mortgage or the lien thereof or the priority
~ of this Mortgage, as so extended and modified, as security for
~ the Debt over any such subordination lien, encumbranee, right,
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