HomeMy WebLinkAbout0282_0097VICT Opt lUkon the inatitutioast of suit, or other
oommeneemisat of Judierial proceedings to enforce the rights of
the Tzuatee and of the bondholders ander these presents* aaiq
court of wa stent jurisdiction say appoint a rescuer or
receivers of the property hereby mortgagyed* and of the 1noone*,
arenta, issues anal. profits thereof, pending such prooeedings*
with, suet, powers as the court making such appointments shall
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It D,pon ozy #sale being made, either under
the power of sale hereby ,given cc under age me at or decree in
any JuAlciall, prooesdixtgs for the foreclosure or otherwise of
this IjAenture, the principal of all bonds then outstanding and
scoured hereby a'hall, at once become and be due axed peyatleo
and such foreclosure shall be as to all vnpaii bonds, and as to
all interest coupon* than are then Aur s a oordLng to the due
date '11ereaft and that any 0OupoA not then due a000rdiag to its
due date act out therein squall osass to be a valid and binding
obligation against sail. Gitye,
VSO W 8t Ax4 purchaser at av{ such sale, in paying
purchase moneys mLy turn in axV of the bonds hereby scoured in
lieu of cash to the amount thiah shalt, upon distribution of the
net proceeds of such, sale, be payable thereon* said bonds,, LA
ease the amount so pplrabla thereon shall be Use than the amount
due 't aeareon,w to be returned after beteg properly stamped to
show partial paymeanto
The receipts of the Trustee, or of the officer of the
Court conducting such sT le, shall be a sufficient discharge ter
the purchaser or purchasers at any such sale for him or their
purchase moneys and suah purchaser or purchaser*, bis or their
assigns or personal representatives, ,shall not, after paying such
purchase money and reoeiving such rev*ipts therefor* 'be obligated
to see to the application of SAIch purchase money, or be in arty
wey answerable for axV loss or misapplication or nonapplioation
thereaf:
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