TRUST DEEDS 127 



ARTICLE V. 



The Company agrees that it will, at all times 

 during the existence of any of the indebtedness 

 secured hereby, keep or cause to be kept in- 

 sured by the Grantor owning the same, against 

 loss by fire or cyclone, all of the buildings now 

 on any portion of the property hereby mort- 

 gaged or which may hereafter be erected there- 

 on, and all the machinery, equipment and ap- 

 paratus used or provided for use in connection 

 with said lumber mill plant and equipment that 

 are usually insured by companies or persons 

 engaged in like business and in the same man- 

 ner, and to the same extent (but in an amount 

 not less than Seventy-five Thousand (75,000) 

 Dollars), and shall cause such insurance to be 

 made payable in case of loss to the Trustees 

 hereunder or their successors, by proper stipu- 

 lations in the face of the policies therefor. 



In case of loss or damage to any property 

 covered by such insurance policies the Trus- 

 tees may allow the amount of the insurance 

 money received from said policies on account 

 of such loss to be applied toward the replace- 

 ment of, or addition to the property destroyed 

 or damaged, if the Company shall in writing so 

 request. In such case the Trustees, shall from 

 time to time pay to the Company or to the Lum- 

 ber and Manufacturing Company as such writ- 

 ten request may indicate, any or all of the pro- 

 ceeds of such insurance money so collected or 



