Whenever the court makes an order or decree requiring a spouse to provide for the care, maintenance, and education of children, or for an allowance to the other spouse, the court may require the person subject to such order or decree to give reasonable security for such maintenance and allowance. Upon neglect or refusal to give the security, or upon default of the person subject to such order or decree and such person’s surety to provide the maintenance and allowance, the court may sequester such person’s personal estate, and the rents and profits of such person’s real estate, and may appoint a receiver thereof and cause such person’s personal estate and the rents and profits of such person’s real estate to be applied towards such maintenance and allowance, as to the court shall from time to time seem just and reasonable.