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i~.ereby m~rtgaSed as i f speci fi cal ly set fortt-, and aescri bed i r~ the
yrantiny and haben~um clauses hereof, and sucl, Receiver shall have
al i the broad ard effecti ve functions and powers i n any?,~i se entr~sted
5y a court to a Receiver, and such appointmer~t shatl be made by such
court as an zamitted equity and a matter of absolute right to said
±~1ort5ag~e, and ;~i tf;out reference to tt-,e adequacy or i nadequacy of `
the vai uz of tt~~. pro~erty r~~rtgaged or te the sol vency or i nsol vency
of sai u ~vbrtgagor andlor of tt;e defendar.ts, and ~3;at such crops,
~rorits, income, issues ar~d revenues snall be applied by such ~
~ec~i ver accordi n5 to tne 1 i er: ar~d/or c~~ui ty of sai o Atortgagee and
tt.~ r ract i ce o~ suci~ cou rt , ~
1~ t<<e event t~~.at t`~i s prep-~rty i s s~)d, thi s r-~ortgaye st~al 1 become ~
cue ar:~ payable. Ir: ti-~e event t't-:at t"e n~ort5agor sells or i~ypothecates ~
e majori ty of i ts capi tal stocl:, thi s mortgage shal 1 become im- ~
rnediatety due and payable.
During tt-.e p~ricd of thi s loa~,, Lyon Ci trus Groves, Ir.c., agrees that
i t s~;al 1 r~ot recapi tal i ze, pay di vi dends, se1 1 or acqui re assets,
i;~crza~e sal ari es, oti~er t~ ar: i r-+ ~k.e cr~i rary ccurs~~ of busi ness ~
~~.~ri -!S t~ c ~xi ~tence of t,-+i s~-~ort~age, ar~d i r. t~~e event sai d corporatior. ~
' dc~s so, ~i-e o.vr~er and ;:oic~r of ~i ^~crtgace st al t be erti t~ed to oeclare ~
i
; t;.~ sa^-:~ ~u~ and paya~le. :
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: : t i= :=~rt~ cr ur:uerstocc; an~ ar_ree~ tf-:at ti,e f'iOt'CGaC~GI' s;~a;' r~ai r~tai r
~ ~rove i: a cood : usba=~ary- ~ i ~e r,anner, ~ert i 1 i zi ng and i rri Sat i n5
~ sa~~e ~~r ;-.`cessar•y, accer~~ r,; to reasor~ab~ us~andry standar~s.
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