126 TIMBER BONDS 



change in the property hereby mortgaged, ex- 

 cept as is herein otherwise expressly provided, 

 but that it will diligently preserve and protect 

 the same. 



In case the Company shall fail to promptly 

 pay or cause to be paid any tax, assessment or 

 other charge as provided for herein, either of 

 the Trustees may pay the same (but shall not 

 be under any obligation whatsoever so to do), 

 in which event such Trustee shall be subro- 

 gated, either with or without an act, writing or 

 other instrument to that effect, to the rights 

 and demands of the State, County, City, Town 

 or other municipality, as the case may be ; and 

 in addition thereto the amount thus expended, 

 together with interest thereon at the rate of six 

 per centum per annum shall be a charge on the 

 property hereby conveyed prior to the lien of 

 the bonds hereby secured. 



C. A. Smith Lumber and Manufacturing 

 Company covenants that its lumber mill plant, 

 equipment and appurtenances, and its logging 

 apparatus and plant will be kept in repair and 

 maintained in good working order and condi- 

 tion, and if worn out or injured will be replaced 

 by other property suitable to the business for 

 which it is now used, and of at least equal value, 

 and that such lumber mill plant, equipment and 

 appurtenances, and such logging apparatus and 

 plant shall not be removed from the mortgaged 

 premises without the consent of the Trustees 

 hereunder. 



