160 TIMBER BONDS 



perform in the discharge of the same, and shall 

 have a lien therefor upon the mortgaged prop- 

 erty, prior and paramount to the bonds hereby 

 secured. 



All expenses, fees, taxes and disbursements 

 of any kind which have been made, or which 

 may be made or incurred by the Trustees in 

 order to comply with any law or laws of the 

 State of Oregon respecting foreign corpora- 

 tions, or relating to the right, authority, or 

 qualification of the Trustees to accept this trust 

 and perform their duties hereunder, and all 

 liabilities and expenses which may be incurred 

 by them, and all penalties, judgments or for- 

 feitures which may be assessed, levied, or re- 

 covered against the Trustees for failure to com- 

 ply with any such law or laws, shall be a charge 

 and shall constitute a lien upon the mortgaged 

 property and premises prior and paramount 

 to the bonds hereby secured. In case at any 

 time it shall be necessary and proper for the 

 said Trustees, or their successors, to make any 

 investigation respecting any facts, preparatory 

 to taking or not taking any action or doing or 

 not doing anything under this deed of trust, 

 the certificate of the said party of the first part 

 under its corporate seal and sworn to by its 

 President, or Secretary, shall be sufficient evi- 

 dence of such fact to protect the said Trustees 

 or their successors, in any action that they may 

 take or decline to take by reason of the sup- 

 posed existence of such fact. 



