HomeMy WebLinkAbout1903 put thereof may be applied by Mortgaqee at its option, either
to the indebtedness hereby secured or to the restoration or
repnir of the property damaqed.
4. To keep the Mortqaged Premises and the fixtures now
or hereafter located thereon in qood order and repair= to permit,
camctit or suffer no waste, impairment or deterioration thereoft
to preserve, maintain and care ~or any tiiaber, pastures, orchards,
citrus qroves, fields and other aqricultural developments now
or hereafter located thereon, includinq, but not being limited
to, cultivation, spraying, dustinq, pruninq, fertilizinq, liminq,
draining, irriqatinq, protecting aqainst damaqe by fire and
replantinq when necessary, all to be done in accordance with
qood hu3bandry and the most approved methods of agricultural
management.
5. To comply as far as they af~ect the Mortqaqed Premises,
with all statutes, laws, ordinances, decrees and orders of the
United States, the State of Florida, and an} golitical subdivision ~
thereof .
6. To pay to Mortgagee upon demand a21 sums, including
costs, expense and reasonable agent's and attorney's fees which
it may expend or become obligated for in proceedings, legal
or otherwise, to establish or sustain the lien hereof or its
priority, or in defending against liens, claims, rights, estates
or easements of any person or persons asserting priority hereto,
or in payment, settlement, discharge, or release of any asserted
liens, claiuas, riqhts, easements or estates on counsel advising
Mortgagee that the same is superior to the lien hereof, or
for an abstract or suppleinental abstract, toqether with interest
on all such swas so paid at the rate of eight percent (8$)
per annum an the date the same are paid. Mortgagor also covcnants
_ and agrees to pay all costs, charges and expenses, including
reasonable attorney's fees and coamnissions and abstract cha=ges
or expenses paid or incurred by Mortgagee in connection with
any suit to enforce collecti.on or to foreclo~e this mortgage
in the event this mortgage and the note or other indebtedness
- ~ and amownts hereby secu=ed be placed i.n the hands of an attorney
. .j for collection, and for the payment of all such amounts this
~y mortgage shali stand as security and any such sum or sums so
paid shall become a part of the indebtedness secured hereby.
~
_ g 7. In case Mortgagor shall fail to promptly discharge
o any obligation or covenant as provided herein, Mortgagee shall
~ • have the option, b~ut no obliqation, to perform on behalf of
Mortgagor. Any amount which Mortgagee may expend in performing
' ..such act or in connection therewith, with interest thereon at
the rate of eiqht percent (8$) per annum, together with all
expenses, including reasonable attorney's fees incurred by
Mortgagee, shall be iuenediately payable by Mortgagor and shall
he secured by this mortgage, and Mortgagee shall be subroqated
to any rights, equities or liens so discharged.
8. That if the principal or interest on the note herein
described or any part of the indebtedness secured hereby or
interest thereon be not paid when due, or if Mortgagor shall
fail to pay any taxes, assessments, charqes, or impositions
as the same becodae due and payable, or if default be made in
the full and prompt performance of any covenant or agreement
herein contained, or if any proceedings be instituted to abate
any nuisance on the Mortgaged Premises or if any proceedings
be instituted which might result to the detri.ment of the use
and enjoyment of the premises, or if Mortgagor shall make an
assignment for the benefit of creditors, or if a receiver, liquidator
or trustee of Mortgagor or any of Mortgagor's property be appointed,
or if Mortgaqor is adjudicated a bankrupt or insolvent or any
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