TRUST DEEDS 291 



than the amount of insurance money sought to 

 be thus obtained from the Trustees, in or about 

 the repair or the replacement of the property 

 damaged or destroyed for or on account of 

 which such insurance money was collected ; and 

 all such repairs or replacements shall be and 

 become subject to the lien of this instrument in 

 like manner and to the same extent as was the 

 property damaged or destroyed. The Trustees 

 shall not be compelled to act upon such affida- 

 vits, but should they deem proper they may 

 before making such payments of insurance 

 money make or cause to be made such further 

 investigations with reference to such expendi- 

 tures, repairs or replacements, as they see fit. 



But if within ninety days from the time of 

 the collection of the proceeds of any such in- 

 surance policy the Company shall not in writing- 

 request the Trustees to hold such proceeds for 

 the purpose of applying the same on such re- 

 pairs or replacements, then the said sums so 

 collected shall be credited to and become a part 

 of the fund held by the Corporation Trustee 

 for the purpose of retiring bonds hereby se- 

 cured, as is provided in Article VII and other 

 Articles hereof. 



Likewise shall all surplus moneys be so ap- 

 plied in case the cost of repairs or replace- 

 ments shall not equal the total amount of the 

 proceeds collected from such insurance poli- 

 cies. 



In case of loss covered by any policy of in- 



