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HomeMy WebLinkAbout0973 uously insured aqainst loss by fire and such other hazards a8 may from time to time be requested by Mortqagee in companies ~ and in amounta in each company as may be approved by an~ be ac- ceptable to Mortqagees all inaurance policfes ehall contain the usual standard mortgaqee clause ma?king the loas payable, with- out contribution, to Mortgaqee as its interest may appear, and shall be delivered promptly to aad held by Mortgagee. Not less than ten days in advance of the expiration bf each policy, to deliver to Mortqaqee a renewal thereof, toqether with receipt for the premiwn of such renewal. The proceeds of any such in- surance or any part thereof may be applied by Mortgagee at its option, either to the indebtedneas hereby secured or to the restoration or repair of the property damaged. 4. To keep the Mortgaqed Premises and the fixtures now or hereafter located thereon in good order and repair; to permit, com~nit or suffer no waste, impairment or deterioration thereof; to preserve, niaintain and care for any timber, pastures, orchards, citrus groves, ffelds and other agricultural developments now or hereafter located thereon, includinq, but not beinq limited to, cultivatfon, spraying, dusting, pruning, fertilizing, liming= draining, irrigating, protecting aqainst damage by fire and re- planting when necessary, all to be done in accordance with good husbandry and the most approved methods of agricultural manage- ment. 5. To comply as far as they affect the Mortgaged Premises, ~ith all statutes, l~ws, ordinances, decrees and orders of the United States, the State of Florida, and any political subdivision thereof . 6. To pay to Mortgaqee upon demand•all sums, including costs, expense and reasonable aqent's and attorney's fees which it may expend or become obliqated for in proceedings, leqal or otherwise, to eatablish or sustain the lien hereof or its prior- ity, or in defendinq against liens, claims, riqhts, estates or easements of any person or persons assertinq priority hereto, or in payzaent, settlement, discharqe, or release of any asserted liens, claims, rights, easem~ents or estates on counsel advising Mortgaqee that the same is superior ta the lien hereof, or for an abstract or supplemental abstract, together with interest on all such sums so paid at the highest rate for which it is now law- ful to contract on the date the same are paid. Mortqaqor also covenants and aqrees to pay all costs, charges and expenges, in- cluding reasonable attorney's fees and commfssions and abstract charqes or expensea paid or incurred by Mortgaqee in connection with any suit to enforce collection or to foreclose this mortgage - i.n the event thfs mortgage and the nate ar ather fnc3e}~t~dness and amounts hereby secured be placed in the hands of an attorney for collection, and for the payment of all oLCh ~ounts this mortgage shall stand as security and any such sum or sums so paid shall be- come a part of the indebtedness secured hereby. 7. Zn case Mortqaqor shall fail to promptly discharqe any obligation or covenant as provided herein, Mortgagee shall have the option, but no obligation, to perform on behalf of Mortgagor. Any amount which Mortgaqee may expend in performing such act or in connection therewith, with interest thereon at the highest rate for which it is now lawful to contract, together with all expenses, includinq reasonable attorney's fees incurred by Mortgagee, shall be immediately pnyable by Mortgaqor and shall be secured by this mort- gage, and Mortgagee shall be subrogated to any rfghts, equities or liens so discharged. 8. That if the principal or interest on the note herein de- < • - 3 - ~ t ~ 4• ~OvK,~ FA~E a~