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Oi'alslanm
<br />uw apsrstian or adainLtrstion at t!n tJtilit,ar br the Nunici,palltjr w datoslt bw
<br />the Hiaicipality in pertazmnoe ot L`t terr and ccndition ot bhls Qldinru"
<br />or ot the riorf,gage or the Bonds s
<br />'!!r lbrt g ? smll aLo ccaLain o?o+?saanti aa to pra?p ? aad a!'lidlNi,
<br />ooost,?l??otiAi af LIMjoct, ptop?r r?im.eqatsos of Ut111ty promrLLs aad Otft-
<br />oLsit operat ion thtrva! om1atwianal? of t itLe to ruch psrt Lea md of the
<br />priority ot lisn ai ttr Mortgap, disporiti.cn of tumooqsory or rorn cat proptr-
<br />tiea, mairiteranoe af adequate fnturann qpm Oti21ty propertiee, recorctition at
<br />t?bM NortgW atW asp sWlwmenL thersto, coplianu vith spplioable requi,semsuU
<br />af Lw, and fuch at.her corenants u wa,7 be nsaoaaar7 or appropriate for L!w eha
<br />? protection at the ri?sl?ts and •scurity of the boldors of the Bada.
<br />Said Mortjsge sta+?11 contain appropriate provisiaw wMreby L1M 1Mnici-
<br />paliLy, by ordisiatfat ot its oomcil aad vith the writtea carisent ot the bolAore
<br />ot not l"i t.han 66-2/3% in wrrp?Le principal amounti at oataLandir4 Ba1ls
<br />( tsclvdi.ft 8ondr he ld or owied by t,la Mni cipali ty ), wq modl,ty or usrd aW
<br />oavepant, conditian or pro.Lion of the MorLSao or arp aappl.emaL tlersLo so
<br />lcng u such acLion •ha,Ll aot rfsult in clan[irg t?M{ rsdemptioo Praviaicnr or
<br />intereat aod principal matutity daf.ea nor rsdncivg the prinoipal anount or
<br />adi.tyiag the rishta or obligatioAS at the 1'ruitoe rritbont it,a caaroa6, psr
<br />redncift the perofnLage hrrsin •pecitied, nor inposing upon arq parr ot the
<br />prnpertiea or rrrrrrws of the Utilit, 8iscribed in the Mcrtgage or aQ supplamefk
<br />th+ereto aaW mart,gage or lion rardcirg prior to Lta lieA ot the Mort~.
<br />In the evtnt ot the torec].csnrt ot Lhs, lbrtgage, Ww purctwrr or pur-
<br />chwers at snach lortclawre sale sNall be entibled Lo operaf.t the Oti11ty ar
<br />iaproved or estesded vndsr t?be terr of the followirg tranchise, vAlab ia lrsAW
<br />ordainid and esLablist?O !,o ta1ce atlecti iamediatt]y npon the aoatirmtiaa at
<br />eych toreclosan aale, to wit:
<br />F'RAXCqI9t TO CONSIRW?, VYIITADf A!Q} OPERATa ? PUX
<br />i!?'ILITT Dt AND FOR TRa Mlt11CZPALITY, ORM, ALOIIt3 AMD
<br />Uf= Tfts 9i IJlMS, AIi.iY3, AV=1JZ3 ArD 0TOR
<br />RTD= '!'?bDOC?U?ARLS 0F = MU1ICI ftI.I2T, AJID '1"0 TIX
<br />AND 14=RI8B TN! ?iM AND CONDIlM119 tlMM WM11
<br />SAID OP6.FLrMN 3NAm n CMUCT'6Do
<br />9aotiae A x 9nvattes ibo tilr rord wQsstee• appears ia SiU haaoLl+»,
<br />iL alrll be Mld to ran aod inalob Un parchaaoor or porcbuwrs at •SMiaLl
<br />"le qpoA forecloaram oi the martpp on the mmicipal Utility retarred to la
<br />the OsMlaanw gnaLisK LhSa iranchise aAd arW pesson, aasociation of pmomp
<br />parLawsthlp or co:poratim t!w ahall, n,pes wa!? toreclceure, boaar the owt!
<br />OS Kid jMbl1C Yti111ty by Ya1s1'amt ts'Om NLd Rt'CbiNT; aAd ?h1/ tZaidLLf
<br />shall 1? t,o the Dawt1L of auaA perwa, associatialb partnerahi,P oe' ootpon-
<br />Zim aod Llrir Mirs, a=csatora, admi.nistratav, sraoNmv aAd aaalpr.
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