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8I- t~~~0~
<br />of alt Bonds hereby secured t:sen outstanding, and the interest
<br />accrued thereon, immediately due and payable.
<br />Se~,.i~:~ 3. Upon Default, the Issuer upon demand of the
<br />Trustee shall forthwith surrender the possession of, and it shall
<br />be lawful for the Trustee by such officer or agent as it may
<br />appoint, to take possession of all or any part of the mortgaged
<br />property with the books, papers, and accounts of the Issuer per-
<br />taining thereto, and to hold, operate, and manage the same, and
<br />from time to time to make all needful repairs and improvements as
<br />by the Trustee shall be deemed wise; and the Trustee may lease the
<br />Project, or any part thereof, in the name and for the account of
<br />the Issuer and collect, receive, and sequester the rents, reve-
<br />nues, issues, earnings, income, products, and profits therefrom
<br />and out of the same and any moneys received from any receiver of
<br />any part thereof pay, and/or set up property reserves for the
<br />payment of, all proper costs and expenses of so taking, holding,
<br />and managing the same, including reasonable compensation to the
<br />Trustee, its agents and counsel, and any charges of the Trustee
<br />hereunder, and any taxes and assessments and other charges prior
<br />to the lien of this Mortgage, which the Trust@e nay deem it wise
<br />to pay, and all expenses of such repairs and improvements and
<br />apply the remainder of the moneys so received by the Trustee in
<br />accordance with the provisions of Article IX, ~etion &, '=~;f.
<br />Whenever all that is due upon such Bonds and installments of
<br />interest under the terms of this Mortgage shall have been paid,
<br />and all defaults made good, the Trustee shall surrender possession
<br />to the Issuer, its successors and assi-;ns, the same right of
<br />entry, however, to exist upon any subsequent Default.
<br />fdhile in possession of such property the Trustee shall
<br />render annually to the Aondholders, at their addresses set forth
<br />an the list required by Article IV, Section 6, hereof, a summar-
<br />ized statement of income and expenditures in connection there-
<br />with.
<br />Upon Default, as defined in Article IX, Section 1, of
<br />this Mortgage, the lien on the Project created and vested by this
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