TRUST DEEDS 129 



for the purpose of retiring bonds hereby se- 

 cured, as is provided in Article VII and other 

 Articles hereof. 



Likewise shall all surplus monies be so ap- 

 plied in case the cost of repairs or replace- 

 ments shall not equal the total amount of the 

 proceeds collected from such insurance policies. 



In case of loss covered by any policy of in- 

 surance, any appraisement or adjustment of 

 such loss, and settlement and payment of in- 

 demnity therefor, which may be agreed upon 

 between the Grantors or either of them and 

 any insurance company, may be consented to 

 and accepted by the Trustees. 



The Trustees shall be in no way liable or re- 

 sponsible for a failure to collect any insurance 

 money that may become due them under the 

 provisions hereof, or of the policies above re- 

 ferred to, but only for such amounts as may 

 come into their hands as the proceeds of such 

 policies. 



The Company further covenants and agrees 

 that until all and singular the bonds and cou- 

 pons hereby secured shall be paid and dis- 

 charged and until this instrument is duly re- 

 leased as herein provided, it shall take, or cause 

 to be taken, all reasonable precaution to pre- 

 vent damage to, or destruction by fire of the 

 timber hereby conveyed, including the timber 

 upon the lands hereby conveyed, and to that 

 end it covenants and agrees during the period 

 last aforesaid, from time to time, to institute 



