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ARTICLE V <br /> EVENTS OF DEFAULT AND REMEDIES <br /> Section 5. 01 . Events of Default Defined 15 <br /> Section 5. 02 . Remedies 16 <br /> Section 5 . 03 . Legal Proceedings by Trustee 16 <br /> Section 5. 04 . Discontinuance of Proceedings by <br /> Trustee 16 <br /> Section 5 . 05. Owners May Direct Proceedings 17 <br /> Section 5. 06. Limitations on Actions by Owners 17 <br /> Section 5. 07 . Trustee May Enforce Rights <br /> Without Possession of <br /> Certificates 17 <br /> Section 5. 08 . Delays and Omissions Not to <br /> Impair Rights 18 <br /> Section 5. 09. Application of Money in Event of <br /> Default 18 <br /> Section 5. 10. Moneys Held by Trustee One Year <br /> After Due Date 18 <br /> Section 5. 11. Trustee's Right to Receiver 18 <br /> Section 5. 12 . Trustee and Owners Entitled to <br /> All Remedies Under Law; Remedies <br /> Not Exclusive 19 <br /> ARTICLE VI <br /> THE TRUSTEE <br /> Section 6. 01 . Acceptance of Trust 19 <br /> Section 6. 02 . Trustee May Act Through Agents; <br /> Answerable Only for Willful <br /> Misconduct or Negligence 19 <br /> Section 6. 03 . Compensation 20 <br /> Section 6. 04 . Notice of Default; Right to <br /> Investigate 20 <br /> Section 6. 05. Duties and Responsibilities 21 <br /> Section 6. 06. Reliance on Requisition, Etc 21 <br /> Section 6. 07 . Construction of Ambiguous <br /> Provisions 21 <br /> Section 6. 08 . Resignation of Trustee 21 <br /> Section 6. 09 . Removal of Trustee 22 <br /> Section 6. 10. Appointment of Successor Trustee 22 <br /> Section 6. 11. Qualification of Successor 22 <br /> Section 6. 12 . Instruments of Succession 22 <br /> Section 6. 13 . Merger of Trustee 22 <br /> C-ii KR173 92/01/27 <br />