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HomeMy WebLinkAbout1851 a i r: other sums to be paid by Mortgagor pursuant to the provisions of this Mortgage. _2. To keep the Mortgaged Property in good • condition and repair and not to commit or permit waste or stripping thereof; to complete or restore promptly and in~ good and workmanlike manner any building which may be -constructed, damaged or destroyed thereon and to pay when due all claim§ for labor performed and materials furnished therefor and for any additions thereto and alterations thereof; if agricultural land, to farm, cultivate, fertilize, care. for, irrigate, and performa all other acts -which from the character and use of the property may be reasonably necessary; not to remove or demolish, nor alter or impair the design or, structural character of, any building, fixture, equipment, fence, canal, well, or other improvement now or hereafter situated upon the Land, nor to hedge or topwork any citrus trees now or heYeaf ter upon the Land without the written consent of Mortg agee, nor to - remove, replace, graft, bud or otherwise alter any horti- cultural or vitacultural tree, vine or shrub planted upon said property for a commercial purpose except as necessary in pursuance of good farm management practices without the - written consent of Mortgagee. 3. Mortgagor shall maintain and care for the citrus trees and crops located or grown on the Land, such maintenance and care to include cultivating, spraying, draining, dusting, pruning, fertilizing, Irrigating and protecting the trees and crops against damage by freezing, fire, draining, flood, hurricane and other damage-from the elements all to be done in a good and husbandlike manner and in~ccordance with standard methods of citrus grove ~ caretaking generally recognized, accepted and in use for citrus groves located in the vicinity of the Mortgaged - Property. 4. To provide and maintain insurance covering all buildings, structures and improvements now situate or which hereafter cnay be erected or placed upon the land against loss or damage by fire, windstorm, flood and such other hazards as Mortgagee may from time to time require, all such insurance to be in forms, with companies and in sums (not less than sufficient to avoid any claim on the part of the insurers for co-insurance) satisfactory to Mortgagee; all insurance policies to be held by and first payable in case of loss to Mortgagee; and at least fifteen days before the expiration of each such policy to deliver _ to Mortgagee a new and sufficient policy to take the place of the one so expiring; it being agreed that in the event of a loss the amount collected under any policy of insurance on said property may, at the option of Mortgagee, be applied by Mortgagee upon any indebtedness ~ and/or obligation secured hereby and in such order as Mortgagee may determine, or said amount or any portion thereof may, at the option of Mortgagee, either be used in replacing or restoring the improvements partially or totally destroyed to a condition satisfactory to - Mortgagee, in either of which events Mortgagee shall not 4 nKc~ BOOK e,~.~ PdC~~,~~$ s