292 TIMBER BONDS 



surance, any appraisement or adjustment of 

 such loss, and settlement and payment of in- 

 demnity therefor, which may be agreed upon 

 between the Company and any insurance com- 

 pany, may be consented to and accepted by the 

 Trustees. 



The Trustees shall be in no way liable or re- 

 sponsible for a failure to collect any insurance 

 money that may become due them under the 

 provisions hereof, or of the policies above re- 

 ferred to, but only for such amounts as may 

 come into their hands as the proceeds of such 

 policies. 



AETICLE VI. 



In order to prevent any accumulation of 

 bonds or coupons after their maturity, the 

 Company covenants and agrees that it will not 

 directly or indirectly extend or assent to the ex- 

 tension of the time for payment of any of the 

 bonds or of any coupons of any of the bonds 

 secured hereby, by purchase or funding of such 

 bonds or coupons or by any other arrangement 

 unless and except such extension shall be sub- 

 ject to the terms of this article. In case the 

 time for payment of any such bond or coupon 

 shall be so extended, whether or not such ex- 

 tension be with or by the consent of the Com- 

 pany, such bond or coupon shall not be entitled, 

 in case of any default hereunder, to the benefit 

 or security of this mortgage, except subject to 

 the prior payment in full of the principal of 



