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~ MORTGAGB DE~iD - Paqe 3.
upon said premises for the purpose of inspectiriq the condition of
said grove.
In the event of the destruction by hurricane, hail, freeze,
drought, fire or other act of God, of not less than fifty percent
(5096) of the citrus crop, matured oruzmatured, to be determined by
three (3) reputable citrus growers, ~(one selected by mortqaqor, ;
one selected by mortgaqee, and a third selected by the tw~o previous '
designees), the maturity of the then next enauinq principal in- i
atallment due hereunder shall be deferred, to become due and
payable on or before one year follawinq the then last i~stallment.
The relief to mortqagor afforded by this covenant shall be limited
to losses sustained by Acts of God occurrinq in no~ more than two
crop years. "
In the event that, at the beqinning of or at any time
pending any suit upon this mortgaqe to foreclose it, or t~o refona
it, and/or to enforce payment of any claims hereunder, said mortgagee
shall apply to the court having jurisdiction thereof for the ap-
pointment.of a receiver, auch court shall forthwith appoint a . ~
receiver of said mortgaged property all and singular, including all
and singular the rents, income, profits, issues and revenues from
whatever source derived, each and every of which, it beinq expres-
sly understood, is hereby n~rtc~aqed as if specifically set forth
and described in the granting and hab.endwn clauses hereof~ and
such receiver shall have all the broad and effective-functions
and powers in anywise entrusted by a court to a receiver, and such
appointment shall be made by such court as an admitted equity and -
a matter of absolute riqht to said mortgagee, and without reference
to the adequacy or inadequacy of the value of the property mortqaqed
or to the solvency or insolvency of said mortqagor and/or of the
' defendants, and that such rents, profits, income, issues and reve- ~
~k nues shall be applied by such receiver according to the lien and/or
[ equity of said mortgagee and the practice of such court. -
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F
AND the mortgagor hereby further eovenants and aqrees to
pay promptly when due the principal and interest and other swns of
money provided for in.said note and this mortgage, or either; to .
pay all and sinqular the taxes, assessments, levies, liabilities,
obligations, and encumbrancea of every nature on said property; to
permit, coimait or suffer no waste, impairment or deterioration of
said land or the improvements thereon at any time; to keep the
buildings now or hereafter on said l~nd fully insured in a sum of
not less. than the maximum insurable value in a company or eompanies
acceptable to the mortgagee, the policy or policies to be held by,
and payable to, said mortgagee, and i.n the event~any aum of money
becomes payable by virtue of such insurance the mortgagee shall
have the right to receive and apply the same to the indebtedness
hereby secured, accounting to the mortqaqor for any aurplus; to pay
~ all eosts, charqes, and expenses, includinq lawyer's fees, and
e title searches, reasonably incurred or paid by the mortgagee because
- of the failure of the mortgagor to promptly and fully comply witb
the agreements, stipulations, conditions and covenants of said note
and this mortgaqe, or either; to perform, comply with and abide by
each and every the aqreements, stipulations, a~ nditione and cove-
nants set forth in said note and this mortqage or either. In the
event the mortgaqor fails to pay when due any tax, assessment, in-
surance premium or other sum of ~noney payable by virtue of said
LAW OFFIC[S
WILLES, 91TTAN 8 WILLE$
FORT rl[RCi•FLOR
OA ii100 ~~188 ~2490
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