SECTION 8.-Notice of any sale pursuant to any provision of this indenture shall state the time and place when and where the same is to be made, and shall contain a brief general description of the property to be sold, and shall be sufficiently given if published once in each week for four successive weeks prior to such sale in three daily newspapers of general circulation, one published in the City of Chicago, Illinois, one published in the City of New York, and one published in the City of Pittsburgh, Pennsylvania.

SECTION 9.-The Trustees may adjourn from time to time any sale by it to be made under the provisions of this indenture, by announcement at the time and place appointed for such sale, or for any adjourned sale or sales; and without further notice or publication, it may make such sale at the time and place to which the same shall be so adjourned.

SECTION 10.-Upon the completion of any sale or sales under this indenture, the Trustees shall execute and deliver to the accepted purchaser or purchasers a good and sufficient deed, or good and sufficient deeds, and other instruments conveying, assigning and transferring the properties, interests and franchises sold. The corporate Trustee and its successors are hereby appointed the true and lawful attorneys irrevocable of the Company and of the Trustees and of the individual Trustee in its or their name and stead to make all necessary conveyances, assignments and deliveries of property and all necessary transfers of shares of stock or bonds, or other obligations or indebtedness thus sold; and for that purpose it and its successors may execute all necessary deeds and instruments of assignment and transfer, and may substitute one or more persons with like power; the Company and the Trustees hereby ratifying and confirming all that its and their said attorney or attorneys or such substitute or substitutes shall lawfully do by virtue hereof.

Any such sale or sales made under or by virtue or this indenture, whether under the power of sale herein granted, or under or by vir tue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever, whether at law, or in equity, of the Company, of, in and to the premises and property so sold, and shall be a perpetual bar both at law and in equity against the Company, its successors and assigns, and against any and all persons claiming or to claim the premises and property sold, or any part thereof from, through or under the Company, its successors or assigns. The personal property and chattels conveyed or intended to be conveyed by or pursuant to this indenture, other than stocks, bonds, notes and other securities and claims, shall be real estate for all the purposes of this indenture, and shall be held and taken to be fixtures and

appurtenances of the real property conveyed and part thereof and are to be used and sold therewith and not separate therefrom, except as herein otherwise provided.

SECTION 11. The receipt of the Trustees or of the corporate Trustee for the purchase money paid at any such sale shall be a sufficient discharge therefor to any purchaser of the property or any part thereof, sold as aforesaid; and no such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for any trust or purpose of this indenture, or in any manner whatsoever be answerable for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the authorization, necessity, expediency or regularity of any such sale.

SECTION 12.-In case of a sale under any of the foregoing provisions of this Article, whether made under the power of sale herein granted or pursuant to any judicial proceedings, the principal of the bonds, if not previously due, shall immediately thereupon become due and payable, anything in said bonds or in this indenture to the contrary notwithstanding.

SECTION 13.-The purchase money, proceeds or avails of any such sale, whether under the power of sale herein granted or pursuant to judicial proceedings, together with any other amounts which then may be held by the Trustees or either of them under any of the provisions of this indenture as part of the trust estate or the proceeds thereof, whether under the provisions of Article Four or otherwise, shall be applied as follows:

First. To the payment of the costs and expenses of such sale, including a reasonable compensation to the Trustees, their agents, attorneys and counsel, and of any judicial proceeding wherein the same may be made, and of all expenses, liabilities and advances made or incurred by the Trustees or either of them in the premises, and to the payment of all taxes, assessments or liens superior to the lien of this indenture, except the superior liens and any taxes, assessments or other charges, subject to which the property shall have been sold;

Second. To the payment of the whole amount then owing or unpaid upon the bonds for principal and interest, with interest on the overdue principal and instalments of interest at the rate of five per cent. a year; and in case such proceeds shall be insufficient to pay in full the whole amount so due and unpaid upon said bonds, then to the payment of the principal and in

terest of said bonds, without preference or priority of principal over interest, or of interest over principal, or of any instalment of interest over any other instalment thereof, ratably to the aggregate of such principal and the accrued and unpaid interest, subject, however, to the provisions of Section 2 of this Article Five;

Third. To the payment of the surplus, if any, to the Company, its successors or assigns, or to whosoever may be lawfully entitled to receive the same, or as any court of competent jurisdiction may direct.

SECTION 14.-In case of any sale hereunder whether under the power of sale herein granted or pursuant to judicial proceedings, any purchaser, for or in settlement or payment of the purchase price of the property purchased, shall be entitled to use and apply any of the bonds, and any matured and unpaid coupons (subject, however, to the provisions of Section 2 of this Article), by presenting such bonds and coupons in order that there may be credited thereon the sums applicable to the payment thereof out of the net proceeds of such sale to the owner of such bonds and coupons as his ratable share of such net proceeds, after the deduction of all costs, expenses, compensations and other charges to be paid therefrom as herein provided; and thereupon such purchaser shall be credited, on account of such price payable by him, with the portion of such net proceeds that shall be applicable to the payment of, and that shall have been credited upon, the bonds and coupons so presented; and at any such sale, the Trustees or either of them or any bondholders may bid for and purchase such property, and may make payment therefor as aforesaid, and upon compliance with the terms of sale, may hold, retain and dispose of such property without further accountability.

SECTION 15.-The Company covenants that (1) in case default shall be made in the payment of any interest on any of the bonds at any time outstanding, and such default shall have continued for a period of 60 days, or (2) in case default shall be made in the payment of the principal of any such bonds when the same shall become payable, whether upon the maturity of said bonds or upon declaration as authorized by this indenture, or upon a sale as set forth in Section 12 of this Article, or otherwise, then upon demand of the corporate Trustee, the Company will pay to the Trustees for the benefit of the holders of the bonds and coupons then outstanding, the whole amount which then shall have become due and payable on all such bonds and coupons then outstanding, for interest or principal, or both, as the

case may be, with interest upon the overdue principal and instalments of interest at the rate of five per cent. a year; and in case the Company shall fail to pay the same forthwith upon such demand, the Trustees in their own name and as trustees of an express trust, shall be entitled to recover judgment for the whole amount so due and unpaid.

The Trustees shall be entitled to recover judgment as aforesaid," either before or after or during the pendency of any proceedings for the enforcement of the lien of this indenture; and the rights of the Trustees to recover such judgment shall not be affected by any entry or sale hereunder, or by the exercise of any other right, power or remedy for the enforcement of the provisions of this indenture or the foreclosure of the lien thereof; and in case of a sale of the property subject to this indenture, and of the application of the proceeds of sale to the payment of the debt hereby secured, the Trustees, in their own name and as trustees of an express trust, shall be entitled to enforce payment of and to receive all amounts then remaining due and unpaid upon any and all of the bonds then outstanding for the benefit of the holders thereof, and shall be entitled to recover judgment for any portion of the debt remaining unpaid, with interest. No recovery of any such judgment by the Trustees, and no levy of any execution under any such judgment upon the property subject to this indenture, or upon any other property, shall in any manner or to any extentaffect the lien of this indenture upon the property, or any part of the property, subject to this indenture, or any rights, powers or remedies of the Trustees or either of them hereunder, or any lien, rights, powers or remedies of the holders of the bonds, but such lien, rights, powers and remedies of the Trustees and of each of them and of the bondholders shall continue unimpaired as before.

Any moneys thus collected by the Trustees under this section shall be applied by the Trustees or the Trustee receiving the same, first, to the payment of the expenses, disbursements and compensation of the Trustees, their agents, servants and attorneys, and, second, towards payment of the amounts then due and unpaid upon the bonds and interest in respect of which such moneys shall have been collected, ratably and without any preference or priority of any kind (except as provided in Section 2 of this Article), according to the amounts due and payable upon such bonds and coupons, respectively (with interest upon the overdue principal and instalments of interest at the rate of five per cent. a year), at the date fixed by the Trustees for the distribution of such moneys, upon presentation of the several bonds and coupons and the stamping thereon of such payment, if partly paid, and upon surrender thereof, if fully paid.

SECTION 16.-The Company will not at any time insist upon or plead, or in any manner whatever claim, or take the benefit or advantage of, any stay or extension law, now or at any time hereafter in force; nor will it claim, take or insist upon any benefit or advantage from any law now or hereafter in force providing for the valuation or appraisement of the property, or any part of the property, subject to this indenture, prior to any sale or sales thereof to be made pursuant to any provisions herein contained, or to the decree, judgment or order of any court of competent jurisdiction; nor after any such sale or sales will it claim or exercise any right under any statute enacted by the United States or by any state or territory or otherwise to redeem the property so sold or any part thereof; and it hereby expressly waives all benefit and advantage of any and all such law or laws and it covenants that it will not hinder, delay or impede the execution of any power herein granted and delegated to the Trustees or either of them, but that it will suffer and permit the execution of every such power as though no such law or laws had been made or enacted.

SECTION 17.-Upon filing a bill in equity, or upon commencement of any other judicial proceedings, to enforce any right of the Trustees or either of them or of the bondholders under this indenture, the Trustees shall be entitled, as matter of right, to the appointment of a receiver of the premises and property subject to this indenture, and of the earnings, income, revenue, rents, issues and profits thereof, with such powers as the court making such appointment shall confer, which may comprise any or all of the powers which the individual Trustee is authorized to exercise by the provisions of Section 1 of this Article in case of entry upon the mortgaged premises; but notwithstanding the appointment of any receiver, the Trustees or the corporate Trustee shall be entitled, as pledgee, to continue to retain possession and control of any stocks, notes, cash and other property pledged or to be pledged hereunder and to receive all dividends, interest and other sums payable thereon, subject, however, to the provisions of Section 3 of this Article.

SECTION 18.-No holder of any bond or coupon shall have any right to institute any suit, action or proceeding in equity or at law for the foreclosure of this indenture, or for the execution of any trust hereunder, or for the appointment of a receiver, or for any other remedy, hereunder, unless such holder previously shall have given to the corporate Trustee written notice of the Company's default and of the continuance thereof, nor unless also the holders of ten per cent. in amount of the bonds then outstanding shall have made written request upon the Trustees and shall have afforded to them a reasonable