TRUST DEEDS 147 



the bonds issued hereunder, or of the Trustees 

 as herein provided, or which shall affect or 

 change the time, place, means or mode of per- 

 fecting or enforcing such rights or remedies; 

 and they hereby expressly waive all benefit and 

 advantage of any and all such laws. 



ARTICLE XX. 



Upon any foreclosure sale of the property 

 hereby mortgaged, or any part thereof, the 

 purchaser in making payment therefor, shall 

 he entitled, after paying in cash so much as 

 shall be necessary to cover the cost and ex- 

 penses of the sale and of the proceedings in- 

 cident thereto, and aU other charges that may 

 be decreed to be paid in cash, to appropriate 

 and use toward the payment of the remainder 

 of the purchase price any of the bonds or cou- 

 pons issued hereunder, and entitled to partici- 

 pate in the proceeds of such sale, reckoning 

 each bond or coupon so appropriated and used 

 at such sum as shall be payable thereon out 

 of the net proceeds of the sale ; and proper re- 

 ceipts shall thereupon be given to the holders 

 of such bonds or coupons for the amount so 

 payable thereon, and the bonds and coupons, if 

 the net proceeds of the sale shall be sufficient 

 to pay them in full, shall be delivered up to the 

 person making the sale under the decree of the 

 court for cancellation ; or if the proceeds of the 

 sale shall not be sufficient to pay such bonds 



