HomeMy WebLinkAbout11084. 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, irrigation, protecting
against damage by fire and replanting when necessary, all to be done
in accordance with good husbandry and the most approved methods of
agricultural management.
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 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, claims, rights, easements or
estates on counsel advising Mortgagee that the same is superior to 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 lawful to contract on the date the same are paid. Mortgagor also
covenants and agrees to pay all costs, charges and expenses, including
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 collection, and
for the payment of all such amounts this mortgage shall stand as
security and any such sum or sums so paid shall become a part of
the indebtedness secured hereby.
7. In case Mortgagor shall fail to promptly discharge any
obligation or covenant as provided herein, Mortgagee 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.
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, charges, or impositions as the same
become due and payable, or if default be made in the full and prompt
performance of any covenants or agreement or in said note 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 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
Mortgagor is adjudicated a bankrupt or insolvent or any of the
X344 P,~11~
-: