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gagor is adjudicated a bankrupt or insolvent or any of the prop-
erty of Mortgagor be sequestered, 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 now or
hereafter 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 pro-
ceedings for the dissolution or liquidation of Mortgagor or fail
to do all things necessary to maintain the existence of Mortgagor,
or if any law shall be enacted or decision rendered by any court
of last resort imposing any tax or assessment not now in effect
upon this mortgage, or the note 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 re-
sult of this transaction other than taxes on the interest income
herefrom, or which results in the deduction from values of lands,
for tax purposes, of the amount of any lien hereon, or altering
the laws for the taxing of mortgages or debts secured thereby,
then on the happening of any one or more of these events, this
conveyance shall become absolute and the whole indebtedness
secured hereby shall immediately become due and payable at the
option of Mortgagee and this mortgage may thereupon be foreclosed
for the whole of said money, interest and costs, or liortgaqee may
foreclose only as to sums past due without injury to this mort-
gage or the displacement or impairment of the remainder of the
lien-thereof, and at such foreclosure sale the property shall
be sold subject to all remaining items of indebtedness and the
Mortgagee may again foreclose in the same ~anner 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 or after the institution~of suit to
collect the indebtedness hereby securen, or to foreclose this
mortgage, ~ortgagee 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 shall have all
of the broad and effective powers and functions in any wise en-
trusted by the court to a receiver 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 t4ortgaged Premises from whatsoever source
derived; to make all necessary or needful repairs and to cultivate,
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 Mort-
gaged Premises and to market the products thereof and receive and
collect the proceeds thereof and such receivership shall, at the
option of Mortgagee, continue until the full payment of all sums
hereby secured, or until title to the Mortgaged Premises shall
have passed on sale under a foreclosure of this mortgage.
10. In the event all or any portion of the property hereby
mortgaged is included in any drainage or other improvement dis-
trict 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 hereof, and subsequent
to the date hereof the bonded indebtedness of such district is
increased or the district is authorized to make additional assess-
ments for improvements in excess of 15$ of the assessment in
force and effect as of the date hereof, then in any of such
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