260 TIMBER BONDS 



ed SO to be ; nor shall the said Trustees be held 

 responsible for the consequence of any breach 

 by the Company or by its agents or servants of 

 any of the covenants herein or in said bonds 

 contained, on the part of said party of the first 

 part to be kept and performed, nor for or on 

 account of any act of the Companj^ or of its 

 agents or servants, of any kind, character or 

 nature whatsoever. Said Trustees shall have 

 no responsibility as to the validity of this mort- 

 gage or deed of trust, nor as to the execution 

 or acknowledgment thereof, nor as to the 

 amount or extent of the security atforded by 

 the property covered hereby; nor shall said 

 Trustees in any other manner, or under any 

 circumstances, be answerable or accountable, 

 except for bad faith; it being expressly under- 

 stood and agreed that the recitals herein con- 

 tained are made by and on behalf of the said 

 party of the first part and that the Trustees 

 are not responsible for the correctness thereof. 

 Said Trustees shall not be under any obliga- 

 tion to take any action toward the execution 

 or enforcement of the trust hereby created, 

 which, in their opinion, would be likely to in- 

 volve them in expense or liability, nor to de- 

 fend any suit, unless one or more of the hold- 

 ers of the bonds hereby secured shall, as often 

 as reqnirefd by the said Trustees, furnish them 

 with reasonable and satisfactory indemnity 

 against such expense or liability; nor shall the 

 said Trustees be required to take notice of 



