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t,".:,};!. 193..' ~tl0869 appl y so much as may be necessary of the proceeds of such insurance to the payment of the cost of such repair, rebuilding, or restoration, either on completion thereof or as the work progresses, upon certification by the Company of such costs for work in place and which cert:Lfication shall contain a statement that no default has occurred under the Agreement, the Notes, or this Mortgage which has not been remedied. In the event said proceeds are not suff.icient to pay in full the costs of such repair, rebuilding, or restoration, the Company will nonetheless complete the work therefor and will pay that portion of the costs thereof in excess of the amount of said proceeds. Any balance of such proceeds remaining after payment of all the costs of such repair, rebuilding, or restoration shall be paid into the Bond Fund and used by the Trustee to make partial repayment on the Notes and to redeem outstanding Bonds, under the terms of the Indenture. If nc Bonds remain outstanding under the terms of the Indenture, all proceeds will be paid to the Company. All moneys held by the Trustee under the provisions of the preceding paragraph shall, at the written reqnest of the Company, be invested or reinvested by the Trustee as specified by the Company (by one of the authoriz:~d representatives of the Company) in such requE";st in one or more of the ip-vestments enumerated in Section 3.05 of the Agreement. Any earru.ngs or profits of such investments shall be considered as part of such proceeds and the Company shall forthwith pay to the Trustee the amount of any losses on such investments. 10