TRUST DEEDS 309 



ARTICLE XIX. 



Upon any foreclosure sale of the property 

 hereby mortgaged, or any part thereof, the 

 purchaser in making payment therefor, shall 

 be entitled, after paying in cash so much as 

 shall be necessary to cover the cost and ex- 

 penses of the sale and of the proceedings inci- 

 dent thereto, and all other charges that may 

 be decreed to be paid in cash, to appropriate 

 and use toward the payment of the remainder 

 of the purchase price any of the bonds or cou- 

 pons issued hereunder, and entitled to par- 

 ticipate in the proceeds of such sale, reckoning- 

 each bond or coupon so appropriated and used 

 at such sum as shall be payable thereon out of 

 the net proceeds of the sale; and proper re- 

 ceipts shall thereupon be given to the holders 

 of such bonds or coupons for the amount so 

 payable thereon, and the bonds and coupons, 

 if the net proceeds of the sale shall be sufficient 

 to pay them in full, shall be delivered up to 

 the person making the sale under the decree 

 of the court, or otherwise, for cancellation; or 

 if the proceeds of the sale shall not be sufficient 

 to pay such bonds or coupons in full, then 

 proper endorsement shall be made thereon of 

 the amount so paid and they shall then be re- 

 turned to the holders, 



ARTICLE XX. 



Upon any foreclosure sale of the property 

 hereby mortgaged the property shall be sold 



