346. Express power to grant leases of mortgaged land.

(4)     Power to Grant Leases

346.     Express power to grant leases of mortgaged land.

The mortgagor and the mortgagee1 may by agreement in writing, whether or not contained in the mortgage2 deed, reserve to or confer on the mortgagor or the mortgagee, or both, any further or other powers3 of leasing or having reference to leasing4.