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charges for the services and facilities of the System; and will take all steps, actions and proceedings for the enforcement and collection of such rates, fees, rentals and other charges as shall become delinquent to the full extent permitted or authorized by law; and will maintain accurate records with respect thereto. All such fees, rates, rentals, charges and revenues herein pledged shall, as collected, be held in trust to be applied as provided in this Instrument and not otherwise. (Q) Compliance with Laws and Regulations. The Issuer covenants and agrees to perform and comply with, in every respect, the loan and grant agreements which it might have with the Government or with any other governmental agency, and all applicable federal and state laws and regulations. (R) Remedies. Any holder of the Bonds, the Notes or any coupons appertaining thereto, or any trustee acting for the holders of such Bonds, Notes and coupons, may either at law or in equity, by suit, action, mandamus or other proceedings in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appointment of a receiver, existing under the laws of the State of Florida, or granted and contained in this Instrument, and may enforce and compel the per- formance of all duties required by this Instrument or by any - applicable state or federal statutes to be performed by the Issuer or by any officer thereof. Nothing herein, however, shall be construed to grant to any holder of such Bonds, Notes or coupons any lien on any real property of the Issuer. (S) Records and Audits. The Issuer shall keep books and records of the Gross Revenues, which such books and records shall be kept separate and apart from all other books, records and accounts of the Issuer, and any holder of a Bond, a Note or the coupons applicable thereto shall have the right, at all reasonable times, to inspect such books and records. The Issuer will furnish on or before 90 days after the close of each Fiscal Year, to any holder of a Bond or Note who shall request the same in writing, copies of an annual audit report prepared by an independent certified public accountant or an auditing official of the State of Florida, covering for the preceding Fiscal Year, in reasonable detail, the financial con- dition and record of operation of the System. (T) Connection with System. The Issuer will, to the full extent permitted by law, require all lands, buildings, resi- -18- J U L 71982 50 PAGE'253