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Home My WebLink About2302 arid shall he payable annually, the first payment due and payable one year from the date hereof, until said obligation is paid in full. Tlie party of the secand part, in consideration of the above extension and other good and valuable considerations, the receipt of which is hereby acknowledged, does hereby covenant and agree to pay the principal sum and interest as above set forth on or before the maturity thereof as the same is hereb~~ extended, and to comply with the other terms of said note and mortgage. The party of the second part agrees that in the event that at the beginning of or at any time pending any suit upon this mortgage, or to foreclose it, or to reform it, and/or ! to enforce payment of any claims hereunder, said Mortgagee shall ~ apply to the court havin~ jurisdiction thereof for the appointment r i of a Receiver, such court shall forthwith appoint a Receiver of ~ ~ said mortgaged property all and singular, including all and ; ~ ` singular the crops, income, profits, issues and revenues from ~ whatever source derived, each and every of hhich, it being ~ ~ expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses ~ hereof, and such Receiver shall have all the broad and effective ~ z~ ~ functions and powers in anywise entrusted by a court to a Receiver ~ ~~t and such appointment shall be made by such court as an admitted = equity and a matter of absolute rigr.t tc said Mortgagee, and ~ kithout reference to the adequacy or inadequacy of the value ` = of the property mortgaged or to the solvency or insolVency ~f i said ~iort a or and/or of the defendants, and that such crops, ~ g ~ _ ~ - profits, income, issues and revenues shall be applied by such f _ Receiver according to the lien and/or equity of said D9ortgagee and = _ ; = f '`:s the practice of such court. ~ ~ F - - ~ ~ Y~~ ~ ~ - 3 ~~t ~Cf ~aG?~ ~ ~ , _ : _ _ . _