428. Mortgagee's leasing powers.

A mortgagee who is in possession1, or who has appointed a receiver of the rents and profits of the mortgaged property2, has the same statutory powers of leasing and accepting surrenders of leases as are enjoyed by a mortgagor in possession3. A lease by the mortgagee not made under the statutory power or under any express power contained in the mortgage deed or with the mortgagor's consent