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r 84..... 006618 r applied to the pa)'Mllt of the prlaclpal uel Int.~t:/~~' uopdd upon the Bonds induclias interest as .1a Pro",;j.aid'if..;' Section 3. without preference or priority of prt.c~. or of intere.t over any other iaetdl.lilHt of inbtreet~>< over uy oeber Iou. ratably, accorcUas to the~"'7~./< respectively for principal and. interelilt. to the ,.r...... thereto without any cliscriminatioa or privilese. (c) If tbe prinCipal of all tbe IoDcls sball due and payable, ud if such declantion shall resdDcled and annulled under the provi8ions of thia subject to the provisions of par..rapb (b) of this event tb&t the pdndpa! of all the Bonds shall later declared due and payable. t;he IIOMYS shall be appli" with the provisions of pUllIrapb (a) of tbis HCUOIl. Whenever \IOney. are to be applied by tbe Trustee provisions of this section. such \IOneys shall be applied by tt.ee. and frOll time to time. ae it shall determine. haviq due reprd to the ....cot such \IOneys available for application and the likelihood of additional ~ - tOil1::.uaiui av.f:l.hl..- rl>r-su-cil-iipl/1ic-act-on in tn-if future. .-h_ver tne Tnatee shall apply such funds. it shall fix the date (whicb sball be an intereat payment date unle.s it shall deem another date \lOre suitable) upon which such application i. to be made and upon such date. intere.t on the a.ouats of principal and interest to be paid on such dates shall cea.e to accne. The Trustee shall live such notice a. it may de.. appropriate of the deposit with it of any such eoneys and of the fix1ng of any such date and shall not be required to make any p.yment of principal to the Owner of any Bonds uDtil such Bond sball be presented to the Trustee for appropriate endorsement or for cancellation if fully paid. Section 10. All r18hts of action (1nclud1na the rilht to file proof of claim) under tbis Korta_ge. cr under any of tbe Bonds, ..y be enforced by the TL~stee without the possess10n of any of the Bonds or by the production thereof in IIUY trial or other prcceedinsll relatin. thereto and any such suit or proceeding instituted by the Trustee shall bs brou:ht in ita n..., as Trustee. without the necesaity of joinin. as plaintiffs. or defendants. any Owner of the lkmda hereby secured. and any recovery of judpent shall be for the equal benefit of the OWners of the outstandiDI Bonds and persona entitled to interest. 53 u L -.J