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<br /> Iionds , all in accordance with the provisions of.
<br /> x��� this �"ortgage . �
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<br /> � < <�' {b ) If the principal of all the IIonds shall have be - a . � �
<br /> , :�� come due or shall have been declared due and pay - `
<br /> `'� ahle all such mone `
<br /> , :;� , ys sliall be applied to the
<br /> h� payment of. tlie princinal and interest then due �"
<br /> ' '^� and unpaid upon the Bonds , without preference or �
<br /> c2,
<br /> �y, priority of. principal over interest or of interest
<br /> � � ' over any other installment of interest , or of any �
<br /> ��� Bond over any other Aond , ratably , accordinq to �
<br /> ' ;�� the amounts due respectively for pri.ncipal an �l +
<br /> �s„� interest , to the persons entitl� d thereto without `
<br /> �; any discrimination or pr. ivilege ,
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<br /> �h � (c ) If. the pri.ncipal of all the Bonds shall have �
<br /> , .;r been declared due and payahle , and if such declara - �
<br /> �� tion shall thereafter have been rescinded and
<br /> ; j annulled under the provisions of this Article , ;
<br /> " ; then , subject to the provisions of Paraqraph ( b ) �".
<br /> r ;� of this section , in the event that the principal '
<br /> � , of all the IIonds shall later hecome due or 6e �
<br /> ` ';w declared due and payable , the monevs shall he '
<br /> ,;� apnlied in accordance o;ith the provisions of.
<br /> ;� Paragraph ( a ) of this section . ;
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<br /> a c•ahenever moneys are to be apolied hy the Trustee pursuant `
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<br /> '� to the provisions of this sectinn , such moneys shall be apnlied ` " `
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<br /> ; hy it at such times , ancl fror� time to tine , as it shall determine ,
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<br /> ' � having due reqard to the amount of such moneys available for
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<br /> � application and the likelihond of additional moneys beconinq '
<br /> ; available for such application in the f. uture . [�'henever the Trustee 4
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<br /> ;� shall apply such funds , it shall fir. the date ( c,�hich shall be an �
<br /> 1 � interest payment date unless it sh�� ll deem another date more
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<br /> ; suitable ) upon which such apnlzcation is to he made and unon such �
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<br /> rl date , interest on the amounts of principal to be pai. d on such dates
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<br /> r` shall cease to accrue . The Trustee shall give such notice as it
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<br /> ,; may deem appropriate of the deposit with it ef any such moneys
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<br /> ` �K and of the fising of any st�ch date , and shall not he required
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<br /> 4 to maY.e any payment of principal to the owner of any Bonds or
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<br /> �� coupons untzl such Bond or coupon shall be presented to the Trustee
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<br /> f:l'...L'.:C. . .
<br /> :y'i:t . . � .
<br /> t :; for appropriate endorsement or for cancellation if fully paid .
<br /> � Section 9 . i+ ll ric7hts of action ( includinq the right
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<br /> ' ; to file proof of claim ) under this tiortgaae , or under any of the -
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<br /> �i� Aonds , may be enforced Uy the Trustee without the possession of _ '�� �
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