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of, l~brtgagor -or- any of Mortgagor's property be appointed, or if
Mortgagor is adjudicated a bankrupt or insolvent or any of the
property of mortgagor be Qequestered,~ or if Mortgagor files or -
-consents to-the filing-of any petition or proceeding under-the
National Bankruptcy Act or similar State or Federal statutes,
as maw or herafter in effect, or if-such petition or proceeding -
is filed against Mortgagor and not dismissed within sixty {60)
days after such filing, or if Mortgagor shall admit inability
to pay debts as they become due, or if Mortgagor be a corporation, -
if its directors or stockholders shall institute or consent to
any proceedings for the dissolution or liquidation of Mortgagor
or fail to do all things necessary to_maintain the existence of
Mortgagor-r or if any law- shall be enacted or decision rendered -
by any ,court of last resort imposing nay ta~c or assessment not -
- now in effect open this mortgage, or the notes secured hereby, .
- or any interest of Mortgagee in the Mortgaged Premises, or rendering -
inoperative the undertakings of Mortgagor to pay all taxes arising.
as a result of this transaction .other than tares on~the interest
income herefraat, or which results i.n the deduction from values
of lands, for tax purposes, of the amount of any lien hereon,
or altering the laws for the taring of mortgages-or debts secured
thereby, then on the happening of any one or more of -these events,.
this conveyance shall became absolute and the whole indebtedness-
secured- hereby shall immediately becaae due and p~:yable at the
option of Mortgagee and this_ mortgage may thereupon be foreclosed
for the.-whole of said money, interest and costs, or Mortgagee
may foreclose only as to sums-past due without injury to this
mortgage or the displac®ent or i~pairsent of the remainder of
the lien thereof , and at such ~foreclos~ire sale the property shall
be sold subject to all remaining items of indebtedness and the -
Mortgagee may again foreclose iri the same manner as -often as there
-may be any sum past due. -
- 9. If at any time after default by Mortgagor a receivership
may be necessary in the opinion of Mortgagee to protect the lien.
hereof, or. at the time of pr after the institution of suit to
- collect the indebtedness hereby secured, or to foreclose this
-mortgage; Mortgagee shall, as an admitted equity and as a matter
of strict right and -regardless of the value of the property, or
- the_solvency or insolvency of Mortgagor or any party bound for
the payment of the indebtedness have the right to appoint, on
ex parte application and without.notice to anyone by any proper
court having jurisdiction, of a receiver, which receiver shaZ1
have all of the broad and effective powers and functions in a_ny
wise entrusted by the court to a reciever to take charge of, manage,
preserve, maintain,. care for and protect the Mortgaged Premises :
and to collect rents, issues; proceeds, produce, profit, income -
and revenues of the Mortgaged Premises from whatsoever source
derived; to make all necessary or needful repairs and to cnlti-
vote, operate, dust,-prune, fertilize, lime, drain, irrigate and
protect from-damage by fire, the timber, fields, pastures, orchards,
citrus groves and all other agricultural developments located on the
Mortgaged Premises and to market the products thereof and receive and
vollect the proceeds thereof and such receivership shall, at the option
of Mortgagee, vontinue until the full payment of all sums hereby secured,
or until title to the Irbrtgaged Premises shall Dave passed on sale
under a foreclosure of this mortgage.
10. In-the event all or nay portion of the property hereby -
mor_tgaged is included i.n any drainage or other improvement district
formed or authorized subsequent to the date hereof, or in the event
said property, or any part thereof, is in a drainage or other
improvement district. as of the date herec:f, and subsequent to the date
hereof the bonded indebtedness of such district is increased or the
district is authorized to make additional assessments for improvements
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FEE. KO~L~C~ ~ TEEL.. P. A.
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