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- 4 - ~~--tlCtl36 r~ hereby secured; or if waste shall be suffered or committed on the Mortgaged Premises; or if any mechanic's or other liens arising either by contract or law which might be prior to the lien of this Mortgage be created upon all or any part of the Mortgaged Premises; or in the event there shall exist upon the Mortgaged Premises any claim, lien, encumbrance, easement or restriction not hereia specifically mentioned prior to this Mortgage; or upon default in full performance of any of Mortgagor's obligations, covenants, or agreements hereunder; then and in any such event the entire DBbt with all interest thereon and all other amounts hereby secured shall, at the option of the Banks be and become immediately due and payable, and may forthwith or at any time thereafter be collected by suit at law, foreclosure of or other proceeding upon this Mortgage or by any other proper legal or equitable procedure without declara- tion of such option and without notice. 8. Neither failure of the Agent or the Banks to exercise any option to declare maturity of all or any part of the Debt or any other sums hereby secured under any of the foregoing covenents or stipulations, or procurement of insurance or payment of taxes as hereinbefore provided, shall be taken or deemed a waiver of rlght to exercise such option or declare such maturity as to any other part of the Debt or any past or any subsequent violation of any of said covenants or stipulations. 9. Upon maturity of the Debt or other sums hereby secured, whether by acceleration or otherwise, the Banks shall have the right to forthwith enter into and upon the Mortgaged Premises aad take possession thereof or to appoint an agent for collection of the rents, issues and profits thereof. The net income from such rents, issues and profits, after allowing a reasonable fee for the collection thereof and management of the Mortgaged Premises, may be applied toward payment of taxes, assessments, insurance premiums and other debts and charges against the Mortgaged Premises, or in reduction of the Debt or other sums hereby secured, in such manner and proportion as the Banks may elect. Such rents, issues and profits are hereby specifically pledged to the payment of the Debt and all other sums hereby secured. 10. If at any time, in the opinion of the Banks, a receivership may be necessary to protect the lien of this Mortgage against the Mortgaged Premises or the rents, issues, and profits as herein provided, whether before or after maturity of the Debt or other sums hereby secured or at the time of or after institution of suit to collect the Debt or other sums hereby secured, ar to enforce or foreclose this Mortgage, the Banks shall, regardless of the value of maturity of the Debt or other sums hereby secured or at the time of or after institution of suit to collect the Debt or other sums hereby secured, or to enforce or foreclose this Mortgage, the Banks shall, regardless of the value of the Mortgage Premises as security for the Debt or of the solvency or insolvency of any part bound for the payment of the Debt or other sus hereby secured, have the right upon application and such notice as the court shall prescribe to the appointment, by any proper court having jurisdiction, of a receiver who shall under the direction of the court of appointment, take possession of, and manage and control the Mortgaged Premises, as authorized and directed by the court, and who shall collect the rents, issues and profits of the Mortgaged Premises, sad, after payment of the expenses of the receivership and management of the Mortgaged Premises, apply the same toward payment of taxes, assessments, insurance premiums and other debts and charges against the Mortgaged Premises or in reduction of the Debt or other sums hereby secured. Said receivership u