HomeMy WebLinkAbout0754 option, either to the indebtedness hereby secured or to the
restoration or repair of the property damaged.
4. To keep the Mortgaged Premises and the fixtures now or
hereafter located thereon in good order and repair; to permit,
commit or suffer no waste, impairment or deterioration thereof;
to preserve, maintain and care for any timber, pastures, orchards,
citrus groves, fields and other agricultural developments now or
hereafter located thereon, including, but not being limited to,
cultivation, spraying, dusting, pruning, fertilizing, liming,
draining, irrigating, protecting against 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,
with all statutes, laws, ordinances, decrees and orders of the
United States, the State-of Florida, and any political subdivision
thereof .
6. To pay to Mortgagee upon demand all 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 prior-
ity, 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, claims, rights, easements or estates on counsel advising
Mortgagee that the same is superior to .the lien hereof, or for
an abstract or supplemental abstractT 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. Mortgagor also -
covenants and agrees to pay all costs, charges and expenses, in-
cluding reasonable attorney's fees and commissions and abstract _
charges or expenses paid or incurred by Mortgagee in connection
with any suit to enforce collection or to foreclose this mortgage
in the event this mortgage and the note or other indebtedness and
amounts hereby secured be placed in the hands of an attorney for
j collection, and for the payment of all such amounts 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. In case Mortgagor shall fail to promptly discharge any
~ obligation or covenant as provided herein, t~iortgagee shall have
the option, but no obligation, 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 highest rate
~ for which it is now lawful to contract, together with all expenses,
including reasonable attorney's fees incurred by Mortgagee, shall be
~ ~ immediately payable by Mortgagor and shall be secured by this mort-
gage, and Mortgagee shall be subrogated to any rights, equities or
liens so discharged.
F
8. That if the principal or interest on the note herein de-
scribed or any part of the indebtedness secured hereby or interest
~ thereon be not paid when due, or if Mortgagor shall fail to pay
r; any taxes, assessments, charges, or impositions as the same become
due and payable, or if default be made in the full and prompt p~er-
~ formance of any covenant or agreement or in said note herein con-
tained, or if any proceedings be instituted to abate any nuisance
m on the Mortgaged Premises or if any proceedings be instituted
e which might result to the detriment 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 Mort-
- 3 -
k