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HomeMy WebLinkAbout1536 . . _ . . ' , i . . . • . - . ~ ; . ~ i ~ . . t . . . ~ i or paid at any time by eaid Mortgagee becauee and/or in ths event of the ~ ~ failure on the rt oi the eaid Mort r to d ro~on t and iull er- ° Pa HaH~ ~Y, P P 1Y Y P ; form, discharge, execute, egect, completa, comply ~rith and abide by ~ ~ each and every the etipulatione, agreemente, co~ditione, and covenante f of eaid promiesory notes, $nd this mortgage, or either, and ssid coete, ' chargee and expeases, each and every, ehall be iaimediately due and , ; payable, ahether or not there be aotice, demand, attempt to collect or ~ . ~ euit pendin~ and the full amount of each and every euch payment ahall + bear interest irom the date thereof until paid at the rate oi eiu per centum ~ per aonum; and all said coate, chargee aad ezpeneee eo incurred or paid, ~ together with such intereet, ahall be eecured by the lien oi thie mortgage. ~ 6. That (a~ in the event oi any breach of this mortgage or de- fault on the part o! the Mortgagor, or (b) in the event any oi said sume oi money herein referred to be not promptly and fully paid within thirty (~0) days aeYt after the same eeverally become due and payable, without de- mand or notice, or (c) in the event each and every the e.tipulations, agree- ments, conditiona and covenanta of eaid promiesory natee and thie mortgage, any or either, are not duly, promptly and fully performed, diecharged, e~cecuted, efiected; completed, complied v~ith aad abided by, then, in either or any auch event, the eaid aggregate aum mentioned in said promieeory notes then remaining unpaid, v~riith iatereat accrued, and all moneya eecured , hereby, ahall become due and payable iorthwith, or thereatter, at the op- tion oi eaid Mortgagee, se fully and completelq se if all of the eaid aums of - ~ money were origlnally etipulated to be paid on euch day, anything in said ~ promissory notee, and/or ia this mortgage to the contrary notwithetandin~ and thereupon or thereafter at the optron oi esid Mortgagee, without notice . or demand, suit at lav~ or in equity, theretofore, or thereafter begun, may be proeecuted ae ii all moneye secured hereby had matured prior to ite inetitution. • 7. That in the event that at the begiuning oi or at any time pend- ing any euit upon this mortgage or to iorecloee it, .or to reforna it, and/or ~ to enforce payment oi any claime hereunder, .`eaid Mortgagee ehall apply to the Court having jurisdiction thereof for the appointment of a 8eceiver, euch Court ehall forthwith appoint a~teceiver o! eaid mortgaged property all aad eingular, including all and eingular the rente, income, proHta, is- eues and revenue$ from whatever source derived, each and everp of which, ~ it being expresely underatood, ie hereby mortgaged ae ii epecifically eet ` iorth and described in the granting and habendum clausee hereof, and euch ~ Iieceiver ahall have all the broad and eifective functions and powere in any- wiee entrueted by a Court to a Receiver, and auch appointment ehall be I , made by euch Court ae an admitted equity and a matter oi absolute right to ~ eaid Mortgagee, and without reference to the adequacy or inadequacy of F . the value of the property mortgaged or to the aolvency or ineolvency oi aaid Mortgagor and/or of the defendants, and that euch renta, profite, iacome, iseuee and revenuee ahall be applied by euch Receiver according to the lien and/or equity of eaid Mortgagee and the practice oi euch Court. S. IT IS SPECIFICALLY UNDERSTO~D AND AGREED that in ~ the event oi destruction by hurricane, hail, ireeze or ather act oi God, oi ! nvt leas than tilty percent (509fi) oi the citrue crop, matured or unmatured, E . to be determined by three (3) reputable citrus growere, (one selected by € mortgagor, one selected by mortgagee, and the ~third aelected by the two ~ ~ ~ previoue deeignees), the maturity oi the then next ensuing principal inetall- ~ • - ment due under the promieeory note hereby eecured ehall be deferred, to ~ ~ ~ ~ ' -4- a4~K 85 335 f . 's [ . _~1 .