248 TIMBER BONDS 



or performed by the Company and such de- 

 fault shall continue for a period of sixty days, 

 then and in every such case the Trustees, or 

 either of them, (a) may enter upon and take 

 possession of the mortgaged property or any 

 part thereof, collect and receive all rents, is- 

 sues, income and profits therefrom and operate 

 and conduct the business of the Company to 

 the same extent and in the same manner as 

 the Company might do; (b) may cause this 

 mortgage to be foreclosed and the mortgaged 

 property, or any part thereof, to be sold; (c) 

 may proceed to protect and enforce the rights 

 of the Trustees and the bondholders hereunder 

 whether for specific performance of any cove- 

 nant, condition or agreement herein contained 

 or in aid of the execution of any power herein 

 granted or for the enforcement of such other 

 appropriate legal or equitable remedy as may, 

 in the opinion of counsel, be most effectual to 

 protect and enforce the rights aforesaid; (d) 

 shall be entitled as of right without notice to 

 the appointment of a receiver of the mortgaged 

 property, or any part thereof, and the Com- 

 pany does hereby irrevocably consent to such 

 appointment; or (e) in addition to the reme- 

 dies above provided, the Company hereby ir- 

 revocably appoints and constitutes said Trus- 

 tees or either of them, or their successors, or 

 either of them, the attorney in fact for the Com- 

 pany, and in its name, place and stead, and 

 hereby authorizes and empowers said attorney 



