HomeMy WebLinkAbout0574 ; i
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l; TRUST ~ ~
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' BUT IN TRUST, NBVERTHELESS, for the benefit~ security and pro- ~
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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
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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
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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. -
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TITLE TO PROPERTY
~ Md the Church does covenant with the Trustee, and his successors,
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;:that the first revenues from the bonds herein set out will be used to vest
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" it with a good and merchantable fee simple title by retirement of the out- !
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~: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
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;;same as herein set out, and it will forever warrant and defend its title to ~
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~::said properties and the peaceable and quiet possession thereof against all
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; 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 ~
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! ~~reasonable request, make, do, execute, and deliver all such further convey- i
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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 ~
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~execution of said trust~ ~
~ And the Church does further covenant that in the event any addi- ~
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~~'tional property or real estate is purchased with any of the proceeds of such ~
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~ ~'bonds issued hereunder, such additional property or real estate will be j
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~ :.brought within the terms of this indenture as additional security for all bonds ~
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~ ~issued or to be ~ssued hereunder, after auch purchase and upon the execution ~ ~
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~ ~of a Supplemental Deed of Trust by the said Churche ~
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