The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-26
demand. Of the creditors for the payment

thereof.
Now this indenture witnesseth that the
said party OF the FIRST part a. well for the
consideration aforesaid. as for and in con-
siiera;ion Of the sum OF 81. before the ex-
ecution hereof. the receipt having been
granted. has given. granted. assigned.
transferred and set over all the property
Of the Guarantee Loan 4 Trust Company.
real ana personal. to have and to hold
the property assigned to the party OF the
second part. his heirs. executors. admins
traitors and assigns. In trust for the fol-
lowing purposes:
In the FIRST place he IL to enter upon
the real estate granted and to sell and
dispose of and to convey the same in fee
simple by public or private sale for the
best price and to give receipts for the
purchase money, 50 that the purchaser or
purchasers shall not De accountable for
the application of the same. and In the
meantime. and until q sale shall be made.
to receive the rents. issues and income of
the real estate and to care for and man
age the property. and In the next place
In trust to collect, receive and get In, all
and singular. the moneys due and owing
the Trust Company and hereby assigned,
and the same. as well as the proceeds OF
the real estate. safely 10 keep TO and for
the uses and purposes hereinafter de-
clared, that is TO say: To pay and dis
charge all reasonable and necessary ex-
pense, costs and charges attending the
execution OF this trust including a COM
pensation to be allowed and retained by
the company in such reasonable amounts
as may be from time TO time fixed by any
Judge OF the superior court.
Secondly-From time to time. as often
as the party of the second party shall have
moneys on hand OF SUFFICIENT amount for
dividend. to divide and distribute the
same ratably and equally to the payment
Of all lawful claims and demands against
the first party and the interest accrued
thereon. so that all and each thereof may
participate ratahiy and alike In every
such dividend until all such claims and
demands. debts and Obligations shall be
fully paid and discharged.
And in further trust from and after
the payment and discharge Of all such
claims and demands. debts and obliEa-
tons and interest in full, to transfer con-
vey and pay over to said party of the first
part whatever may remain of the prem
ises and property hereby granted. and all
money, credits and effects that may re-
main Of the property hereby granted, and
all money. credits and effects that may
have been raised therefrom or from any
part thereof. and not applied to the pur-
poses OF the trust herein and hereby Gre
ated, together with all debts papers evil
dences and securities relating thereto.
provided that II the party of the second
part shall proceed to make or Geclare any
dividend OF the moneys raised or collect
ed. he shall give thirty days notice OF his
Intention so TO do in a daily paper, call
ing upon the creditors TO come forward
and pay their debts: no creditor shall be
entitled TO claim or receive such dividend
who shall not have proved his debt before
the time appointed for - king ard de-
ciaring dividends. But If any dividend
or dividends shall thereafter be made,
such neglecfing or defaulsing creditor or
creditors proving his claim. IN time. shall
be entitled to receive in addition 10 such
dividend, an amount equal to the diyi-
dend or dividends which shah have been
before made and paid. and so on from
time 10 time until final dividend shall
be declared and made: which final divi-
dead tho party OF the second part is here
by authorized and required TO declare
and make. Whenever the moneys aris-
ing from The premises and property as
signed. by the payment OF the final divi-
esni. be- disposed OF and exhausted or
~hen all OF the creditors who have
brought forward and proved their claims
shall be paid in fun. principal and interest
1t being understood. however that no in
teTest shall b. paid until the final divi-
dend. no creditor shall have any claim
Ais1tt Inv remaining tuhb- II any there be
nor upon the said trustee, for or by rea-
son Of these presents or of the trusts
herein or hereby created bal; :hs same
except the trust for reconvevifx ,hs sur
plus to the said party of the frSt mart
tts successors or assigns shall thence
forth cease and be determined and AZ an
end. Provided. also. and II Is expressly
understood and agreed. that n the said
party of sae rrst part, its SUCCESSORS or
assigns. shall At any time pay OF All
claims and demands arairvs II. then ths
trusts herein created. or so much az them
as shall then remain une xec1ftad shall
cease and be determined. and the whole
Of the trust property then remaining
shall be reconvsye3. Transferred and de-
hvered 20 the said party % the first psrt.
It's SUCCESSORS or assigns.
And the better TO ena bic the marty ~
the second party to execute the trusts
the party Of the first party does hereby
constitute. make and appoint him its -~,,a
and lawful attorney. trrevpca hiv in N.
premises for Il and in~its name hat TO
and for the Uses ana purposes Of this
trust. ard AZ the cost q the SANE 10 ask
demand sue for and recover and r.-.esys
al s1d every SUN or sums Of money due
or 20 become due. by reason of any mat
ter herein assigned. to give receErts ara
sccUittaoces FOR the SANE and generally
10 act and 10 as fully and egectuslfy in
the premises as the party Of the a-st mar,
coald DO. Hereby rstifysa< and CONFIRM
Ing Whatsoever said trustee nav Iax
fslly do IN THE premises
'sTt - understood that TIRE ss-eratav In
asatnve o. anything theresa coatafuea 70