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De <br />charges for the services and facilities of the System; and will <br />take all steps, actions and proceedings for the enforcement and <br />collection of such rates, fees, rentals and other charges as <br />shall become delinquent to the full extent permitted or <br />authorized by law; and will maintain accurate records with <br />respect thereto. All such fees, rates, rentals, charges and <br />revenues herein pledged shall, as collected be held in trust to <br />be applied as provided in this Instrument and not otherwise. <br />i„% <br />,uI (20m, wi1-11 Laws and Requldtions. The Issuer <br />covenants and agrees to perform and comply with, in every <br />respect, the loan and _grant agreements which it might have with <br />the Government or with any other governmental agency, and all <br />applicable federal and state laws and regulations. <br />(R) Remedies. Any holder of the Bonds, the Notes or any <br />coupons appertaining thereto, or any trustee acting for the <br />holders of such Bonds, Notes and coupons, may either at law or in <br />equity, by suit, action, mandamus or other proceedings in any <br />court of competent jurisdiction, protect and enforce any and all <br />rights, including the right to the appointment of a receiver, <br />existing under the laws of the State of Florida, or granted and <br />contained in this Instrument, and may enforce and compel the per- <br />formance of all duties required by this Instrument or by any <br />applicable state or federal statutes to be performed by the Issuer <br />or by any officer thereof. <br />Nothing herein, however, shall be construed to grant to <br />any holder of such Bonds, Notes or coupons any lien on any real <br />property of the Issuer. <br />(S) Records and Audits. The Issuer shall keep books <br />and records of the Gross Revenues, which such books and records <br />shall be kept separate and apart from all other books, records <br />and accounts of the Issuer, and any holder of a Bond, a Note or <br />the coupons applicable thereto shall have the right, at all <br />reasonable times, to inspect such books and records. <br />The Issuer will furnish on or before 90 days after the <br />close of each Fiscal Year, to any holder of a Bond or Note who <br />shall request the same in writing, copies of an annual audit <br />report prepared by an independent certified public accountant or <br />an auditing official of the State of Florida, covering for the <br />preceding Fiscal Year, in reasonable detail, the financial con- <br />dition and record of operation of the System. <br />(T) Connection with System. The Issuer will, to the <br />full extent permitted by law, require all lands, buildings, resi- <br />