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HomeMy WebLinkAbout0574 ; i ~ i ~ ; ~ l; TRUST ~ ~ i ' BUT IN TRUST, NBVERTHELESS, for the benefit~ security and pro- ~ i~ i tection of the persons, corporations. firme and partnershipa who may be or ~ becoma holdere of the bonds and interest coupons or any or either of them, ' and for endorcing the a ent thereof when a able i ~ P Ym p y , n accordance with the . i; true intent and meaning thereof, and of the said bonde and interest coupons, and without preference of any of the said bonds over any of the others, by i; reason of priority in the time of the issue or.negotiation thereof or other- ;~wise, and upon and for the trusts and purposes and upon the covenants and ;;agreements hereinafter contained. - - 3; . TITLE TO PROPERTY ~ Md the Church does covenant with the Trustee, and his successors, , ~ ;:that the first revenues from the bonds herein set out will be used to vest ~ " it with a good and merchantable fee simple title by retirement of the out- ! : I ~:standing bonds and encumbrances as mentioned in the resolution authorizing ~ 'ithis instrument and the Church does covenant that it is aow in lawful ;'possession of said property and has full power and authority to convey the ! ;;same as herein set out, and it will forever warrant and defend its title to ~ i ~::said properties and the peaceable and quiet possession thereof against all I ; and every person or peraons lawfully claiming or to claim the whole or any ~ ~ ; part thereof; and further, that the Church will from time to time upon ~ i ~ ! ~~reasonable request, make, do, execute, and deliver all such further convey- i l j i °:ances acts deeds and assurances as ma be necessa r ~ . y ry or proper to effectuate 1 :~the security and lten hereby intended to be created and to facilitate the ~ ~ ~ ~ ~execution of said trust~ ~ ~ And the Church does further covenant that in the event any addi- ~ ~ ~~'tional property or real estate is purchased with any of the proceeds of such ~ i ~ i ~ ~'bonds issued hereunder, such additional property or real estate will be j ~ 1 ~ :.brought within the terms of this indenture as additional security for all bonds ~ ~ ~ ~ ~issued or to be ~ssued hereunder, after auch purchase and upon the execution ~ ~ ~ ' ~ ~ ~of a Supplemental Deed of Trust by the said Churche ~ ~ ! ~ t t ~ ' i ~ i ~ ~ ' ~ ~ -6- ~ it ~ ~ t ~ ~ ~ 5 & zs.,:. _ _ _ _ . ~ . .3f'.~„ 3~-".~=-'a`~ ~a ~ ~'i,... ~ '`~~,.f~ x ~ .3 _ - -gy,..~_~,~_ '.'i . _ . . .=:,!t^:.