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Home My WebLink About0578 ; j I ~ ~ i.hereinbefore provided. i` If any charges which may be imposed upon the eaid premises ahall I "•remain unpaid for thirty (30) days, or any lien or encumbrance ie created i i ~:thereon, or any other act ~ thing permitted whereby the security hereof may ~ ~ i ''be diaainished or impaired, or the said premises are not insured, all as here- ~ i ~ '~inbefore provided, the Trustee, at his option, may without notice, pay and ~ i~ ~ l;satisfy charges and liens, effect such insurance, effect auch repairs and i ~ ~ipay any other sum or auma of money necessary for the preservation and pro- „ ;jtection of the security of lien hereof, and the sum or sums of money so paid ~ ;'~for any such purpose, with interest thereon from the time of paqment at the ii r!rate of five percent (SX) per annum shall be deemed a part of the debt secured li i; i' ;!hereby and shall have preference in payment. DEFAULT i ~ i~ Until default shall be made in the payment of the bonds hereby { ~ ~ ~~secured or any of them, or the interest thereon, at the times and in the ~ !:manner therein provided or in the observance or performance of any of the I . ~ ~,covenants, agreements and conditions hereof to be observed and performed bq ~ ~ ;~the Church, the Trustee shall permit and allow the Church to possess, operate l `:.~and en~oy the premises and property hereby mortgaged, aad to receive and use ~ , ' the income, rents and profits thereof. . , ~ ! If the Church shall at anq time'during the continuance of this ~ ~ ' ~ ~ indenture be des~rous of selling, disposing of or dealing otherwise than the ~ i. i ~ usual couree of business with the mortgaged premises, or any part thereof, the ~ ':Trustee shall release the property or assets in question from the trust hereof, ~ ;;upon the Church depositing the proceeds thereof with the Trustee to be used ~ ~ I ;~for calling bonds for redemption or investing the proceeds ia additional-- ~ 4 ~ ~ :.propertq or improvements, which bq a supplemental indenture secure the t+ond- ~ E ;:holder secured hereunder, providing that the consideration together with the ~ ~ ~~remaining property and other assets are sufficient to secure the outstanding ! ~ ~ ~ ~ bonds at the date of such sale, except the Church shall be permitted at all 4 ~ I ~ ~ times to sell or exchange any personal property free from the lien of this ~ t ~ , ~ Deed of Trust and without release by the Truetee., ~ ~ i ~ I ! ~ I ~ I ~ ; -io- ~ ~ ~ ~ ~~1 ~ ~ ~ i _ , ~ - - - _ ~ K ~ - ` xY ~ ~ ~ r~ . < _ . . - -