HomeMy WebLinkAbout2438 (b) Have the right to the appointment on ex
ap rte application, and without notice to anyone, by
any court having jurisdiction, of a receiver to take
charge of, manage, preserve, protect and operate said
property and any business or businesses located
thereon, to collect-the rents, issues, profits and
income thereof, to sell and deliver all crops and ~
produce growing or grown and produced on said prem-
ises, including groves, to make all necessary and
~ needed repairs, and to pay all taxes and assessments
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i against said property and insurance premiums for in-
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~ surance thereon and after the payment of the expen-
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~ ses of the receivership and management of the prop-~
~ erty to apply the net proceeds in reduction o~ the
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indebtedness hereby secured or in such ~~anner as the
court shall direct. The Mortgagee shall have such
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~ right to a receiver as a matter of strict right and
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~ regardless of the value of the mortgage security for
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~ the amounts due hereunder or secured hereby, or of
the solvency of any party bound for the payment of
<,;
- such indebtedness. Such receivership shall, at the
option of Mortgagee, continue until full payment of
all sums hereby secured, or until title to said prop-
erty shall have passed by sale under this mortgage.
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