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The Church covenanta and agreea with each and every bondholder to i
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;~promptly pay the principal ~nd interest of eaid bonda in various series and ~
'~in the manner provided herein, according to the true intent and meaning thereof;~
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~,as the bonds and coupons belonging thereto are paid, they shall be cancelled 4
f;by the Trustee and by him delivered to the Church.
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SINKING FUND ~
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The Church covenants to assi ~
gn, set aside and appropriate out of its ~
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~;first revenues and place on deposit through the FIDBLITY PLAN, INC~, 1560 !
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'~8amilton Avenue, Eaet Point. Georgia, in the CITI28NS ~ SOUTHBRN BANK of Bast ~
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~`Point, East Point, Georgia, as Trustee - Registrar - Paying Agent, to the credit !
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<<of the Church, for the Sinking Fund, sums of moneq sufficient to amortize the i
~':bonda issued over the spec~fied period of years, this amount, period of years ~
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~~and mode of payment to be determined and set forth in each separate resolutioa i
;~hereinafter suthorizing a series of bonds. ~
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RSDEMPTION OF BONDS ~
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The Church hereby reserves the right to redeem any and all bonds on
~~any interest payment date by paying the principal and accrued intereat in full, i
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i:and in the event the same should be called for redemption before maturity, i
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'.:notice thereof in writing, atating the number~ maturlty and amount of the bonds ~
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~'shall be given by the Church to the bondholder, if knawn, and if the boadholder i
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` ia unknown, then the Church will give notice of its intention to the Trustee ;
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I ; and publish said notice in a newspaper of general circulation in Lexington
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~ ;County, South Carolina, one time at least thirty (30) days before the date l
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~ ~'fixed for redemption and ahould any bond not be presented for payment when ~
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~~called for redemption, the said bond and coupons shall cease to bear interest j
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ifrom and after the date so specified. ;
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BUILDING REPAIR AND INSURANCE, LOSS OR DAMAGE }
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i The Church covenaats that it will not suffer any lien or encum- i
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~ ~brance upon the said mortgaged premises or any part thereof superior to the ' '
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