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HomeMy WebLinkAbout1541 - - _ . , . ~ , r j . , . ~ . + or~paid at any time by said Mortgagee becauee and/or in the event oi the . isilure on the part of the eaid Mortgagor to duly, proaoaptly ~nd fully per- ' iorna, diecharge, e~cecute, efiect, complete, coinply witti aud abide by ; each and every tha etipulations, agreements, conditioae, and covenante ~ ' oi eaid pro~niseory natea, and thie mortgage, or either, and eaid coete, ; . chargee and eocpeneee, each and every, ehall be immediately due and i - payable, whether.or not there be notice, demand, attempt to collect or ~ euit pendin~ aad the tull amount oi each and every euch payment ehall ~ bear intereat from the date thereoi until paid at the rate of eix per centum i , per anaum; and all eaid coete, chargee and expensee eo incurred or paid, ~ ~ together with auch intereat, eball be eecured by the~lien of thie mortgage, 6. That in the event of~a~tg b~ach oi thie mortgage or de- fault on the part oi the Mortgagor, or~ in the event any oi eaid eume of money herein referred to be not promptly and fully paid v~rithin thirty (30) ~ daye neut atter the eame severally become due and payable, without de- . mand or notice, or (c) in the eTent each and everq etipulations, agree- , mente, conditione and covenants ot eaid proao4iaeory nate and this mortgage, • aay or either, are not duly, promptly and fully performed, discharged, ezecuted, eifected, coanpleted, complied taith and abided by, then, in either or any auch event, the eaid aggregate eum mentioned in eaid pra~nieeory note8 then remaining unpaid, with intereet accrued, and all.moneys eecured hereby, ehall become due and payable forthwith, or thereafter, at the op- ~ tion of said Mortgagee, as fully and completelq se ii all of the said aums of money were originally atipulated to be paid on euch day, anything in said promieaory notee, and/or in thia mortgage to the contrarq no~twithetandin~ and thereupon or thereafter at the option of aaid Mortgagee, without notice ~ - or demand, euit at law or in equity, theretofore, or thereatter begun, may be proeecuted se ii all moneys eecured hereby had matured prior to ita , ~ . institution. 7. That in the event that at the beginning oi or at any time pend- - ing any snit upon thie mortgage or to forecloee it, or to reform it, and/or • to enforce payment of any claime hereuader, aaid Mortgagee shall apply to the Court having jurisdiction thereoi for the appointment oi a Receiver, euch Court ahall forthwith appoint a Receiver o! eaid mortgaged property all and eingular, including all aad eingular the rente, income, profits, ie- euea and revenuee irom whatever eource derived, eaeh and every of which, . w it being e~cpresely underetood~ ie hereby mortgaged se ii apecifically eet ~ forth and deacribed in the graqting and habeadum claueea hereoi, and e~ h Keceiver ahall have all the broad and efiective iunctione and powere in any- s wiee entrueted by a Court to a R,eceiver, and euch appointment ahall be F inade by euch Court as an admitted equity and a matter oi abeolute ri~t to ~ ~ said Mortgagee, and without reference to the adequacy or inadequacy of E the value of the property mortgaged or to the aolvency or insolvency of aaid F Mortgagor and/or of the defendante, and that auch rente, proHte, income, ` iesues and revenuee ehall be applied by auch Receiver according to'the lien ~ and/or equity of aaid Mortgagee and the practice oi euch Court. ~ 8. IT IS SPECIFICALLY UNDEIiS'1~00D AND AGREED tbat in ~ the event oi deetruction by hurricane, hail, xreeze or other act oi God, oi ~ not leee than Htty percent (50~.) oi the citrue crop, matured or unmatured, to be determined by three (3) reputable citrue growere, (one selected by ~ . mortgagor, one aelected by mortgagee, and the third selected by the two ~ _ € -4- ' ~ ~o~~ 85 340 ~ : -