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those past due and unpaid as well as those accruing there- ~
under. Mortgagee may apply all such rents, issues and
profits collected or received by :t in the manner herein-
above specified in respect of proceeds of sale of the
Mortgaged Property, or any part or all of such moneys may
be released by Mortgagee at its-sole option. The expense
(including receivers' fees, if any, and compensation to
any agent appointed by Mortgagee, and counsel fees and
costs and disbursements) incurred in taking possession and
effecting such collection, shall be deemed a portion of
the expense of this trust and be secured hereby. Neither
the entering upon and taking possession of said property
nor the collection of such rents, issues and profits and -
- the application or release thereof as a aforesaid shall
cure or waive any default or notice of default hereunder
or invalidate any act done pursuant to such notice. -
13. In the event of a default in the payment of
any sum evidenced by the Note or secured by this Mortgage
or in the payment or performance of -any other obligation
secured hereby or imposed by law, whether or not there
shall have been filed a omplaint to foreclose this
mortgage, Mortgagee shall immediately and without notice '
be entitled to the appointment of a receiver to enter upon
and take possession of the Mortgaged Proper-ty (including,
without limitation, all personal property encumbered
hereby) with the right and duty to manage, operate,
preserve and_ protect the Mor-tgaged Property and to colle.:t
and account for the rents, earnings, issues, income and
profits thereof, with the usual power of receivers in such
cases, any such receiver may be continued in possession of
- the Mortgaged Property and in the collection of the rents,
earnings, issues, income and profits of the_Mortgaged
I~; Property_during the pendency of any foreclosure suit, and
Mortgagor hereby specifically waives the right to object
to such appointment and consents that such appointment
shall be made as an admitted equity and as a matter of
absolute right to Mortgagee and without reference to the
adequacy or inadequacy of the value or the occupancy of
the Mortgaged Property or to the solvency or insolvency of
~+Iortgagor or any other obligor under the Note or this
Mortgage or any other party defendant to any such suit.
14. That any stock in a water or irrigation
company endorsed to Beneficiary in connection with this
transaction may be registered in the name of Mortgagee as
pledgee, and held by either, as Beneficiary may
determine. Whether or not said stock be appurtenant to
the above described land or any part thereof, and reg ard-
less of how said stock is registered or held, Mortgagor
and Mortgagee agree that if default be made in the
performance of any obliation secured hereby, Trustee may
sell said stock or any part thereof and any other shares
of stock subject to this Mortgage, together with and at #
the time of any foreclosure sale of the above described _
land or any part thereof. With respect to such sale of
said stock, Mortgagor hereby waives compliance with any
and all statutory requirements concerning the sale of
~ pledged property, and agrees that the provisions of law
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