232 TIMBER BONDS 



as may be proper to the better carrying out of 

 the true intent and meaning of these presents. 



And the Company further covenants and 

 agrees that it will not cut nor permit to be cut 

 any timber from the premises hereunder mort- 

 gaged, nor any timber hereunder mortgaged, 

 nor extract anything from or deaden the said 

 timber, or any portion thereof, nor permit the 

 same to be done, nor permit any waste or other 

 change in the property hereby mortgaged, or 

 any portion thereof, except as is herein other- 

 wise expressly provided, but that it will dili- 

 gently 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 therein, 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 subrogated, 

 either with or without an act, writing or other 

 instrument to that effect, to the rights and de- 

 mands of the State, county, city, town or other 

 municipality, as the case may be ; and in addi- 

 tion thereto the amount thus expended, togeth- 

 er 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. 



The Company covenants that its logging rail- 

 road, equipment and appurtenances, and its 

 logging plant, equipment and appurtenances 

 will be kept in repair and maintained in good 



