HomeMy WebLinkAbout0580 i
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~ 1. To the payment of the costs and expensea thereof, includin~ j I
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reasonable compensation to the Truatee, hie a~ents, attorneys ~
i~ and counsel, and all other expenses, advances and liabilities ~
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made or incurred by the Trustee in managing and maintaining
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the property, including all such suma ae ahall have been paid
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for the chargea, liens, insurance, repairs, if any, and the ~
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protection and preservation of the security with interest ~
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i~ thereon as hereinabove provided. i
2. To the payment of the principal and accrued interest of and
upon said bonda ~-~...:t preference or priority which shall ~
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then be outstand_.~ aud unpaid, whether the same by the tenor
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thereof be then due or to become due, and if such proceeds be
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not sufficient to pay such amount in full. to pay such principal I
and interest prorata without preference or priority of one bond ~
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over another. ~
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3~ Any residue, payable to the Church. j
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RELEASE OF PAYMENT j
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If said Church shall well and truly make all the payments and perform ~
:;all the covenants and agreements herein and in said bonds undertaken to be made ~
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+~or performed by them or either of them, then these presents and the estate here- ti
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i ;by granted shall terminate and be null and void, and upon proof thereof being ~
:~given to the satisfaction of the Trustee and upon payment of all costs, charges y
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' ~`and expenses incurred by the Trustee in relation thereof and the Trustee shall
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deliver to the Church, or to whomaoever may then be entitled thereto, all the '
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''property in his hands subject to this indenture and shall cancel and satisfy ~ ;
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~ this Deed of Trust of record, but at the cost and expense of the Church. : ~
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~ In every case of payment of the bonds and coupons hereby secured. ~
: said bonds and coupons ao paid ahall be forthwith surrendered to the Trustee
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~ ° to be by him cancelled and delivered to, upon the order of, the Church. !
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