477. General statutory powers to appoint a receiver.

477.     General statutory powers to appoint a receiver.

The mortgagee1 has statutory power, when the mortgage money2 has become due, to appoint a receiver of the income of the mortgaged property or of any part of it3. If a mortgaged property consists of an interest in income or of a rentcharge4 or an annual or other periodical sum, a receiver may be appointed of that property or any part of it5. The statutory power may be excluded6 or varied or extended by the mortgage deed7. It is now usually