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HomeMy WebLinkAbout0284_0099the absolute sale of the property hereby eonveyod, or the fish. &VA abaaoluto putting into possession thereof, Immediately after such salev of the purdhaaser or purchaser* thereat, but the City, for itself, axed all v&o seq cla im by, through or under it, hers• by valves the benefits of all such laws* A2A the City' for itself and all wbo my *Ula V. throu i or under It, hereV waives any and all rights to have the properties or estate eomprised in the saeurit4 intended to be created 'hereby maarsballeat upon an7 forsolosure of the lien hereofl and meet that any court haviAg juristietion to foreoloss suds lieu my sell the mortgaged pr*- ,perty as an entirety. w.=C i1; No oo lle a tions fs o i sball a o*=* * and 04000 no foreclosure proceedings shall be begum in any oovxt, or through the Trustee or its suecessora, and no option to mea,tix" axq ,part of said 'bond* because of default in psymaat of any Installments of principal or interest shall be exercised until a lusty days* written natio* a hall be given to each member of the City Council of the C ity s, that payment of principal or In- terest of saki boaxds bac been dean "e4 an9L default rude, which notice shall date from the sending of a prepaid registere& latter to each member of the City Cdaun ail, addressed to them at the Post Office in the City of Georgetown* Tex^s* If the installments of principal and interest, then due, shall be paid before the expiration sof ninety mays, together with the interest pyroseribe t in this Ia4&nture, frons the tate of default until the hate of pa,yusn'to 1t she11 buys liba effeet as if paid on the tate the aamae was originally dus,* THii n.vUT,;'Z,a, for itself and, its su cessora, hereby acedpts the trysts created in this Irdentuxe, but only upon the terame and conditions hersof, inolu4ing the following, all of v&iaeh shall bin& the City" and. the h©ld.ers of bocds issued here. under. qs