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as aforesaid shalll., impair any such right or power, or shall be construed to <br />be a waiver of such default or acquiescence therein., and every such right and <br />power may be exercised from time to time as often and as may be deemed expedient. <br />Section 7.7: All rights or actions under this ind- cature or under any of the <br />Bonds or the Lease or under any mortgage may be enforced by the Trustee Without <br />the possession of any of the Bonds or mortgage or the production thereof in <br />any trial or other proceedings relative thereto. Any such snit or proceedings <br />instituted by the.Trustee shall be brought in its name as Trustee, and any recovery <br />of judgment shalt: be for the benefit of the holders and owners of the Bonds. <br />Section 7.2: UDcQ the happening of any event of d :ofault specified in Section <br />7.1, and the conzirhuance for a grace period, if any, specified in said section <br />then the Trustee -ay, with or without entry, sell all or any part of the mortgaged <br />property at publiz or private sale, upon such notice, in such manner., at such <br />times or places and upon such terms consistent with the applicable laws of the <br />State of Indiana as the Trustee may determine. The Trustee's deed or other <br />instrument of conveyance, or transfer, given pursuant to such sale, or in the <br />exercise of any of its rights under this article shall be effective to convey <br />and transfer to the purchaser an indefeasible tittle to the property conveyed <br />thereby, discharged of all rights of the City and /or the Commission and /or the <br />Lessee and /or any person whomsoever claiming through or under said parties, <br />and such sale by the Trustee pursuant to the effects of default shall forever <br />bar all claims of the City and /or Commission and /or Lessee, and /or those claiming <br />through the City and /or Commission and /or Lessee, to the property conveyed thereby; <br />and no purchaser from the Trustee shall be under any duty to inquire as to the <br />authority of the Trustee to execute the same, or to see to the application of <br />the purchase none,:. <br />Sect_i_on 73: All monies collected by or paid to the Trustee under the provisions <br />of this article, together with any other pledged funds that may be held by the <br />Trustee, shall be ;:?nlied at the date fixed by the Trustee for the distribution <br />of such 20ney 0S foiloys: <br />&`t y ?Mat of Lho CONS i :S an CxpCnsas of the collection <br />Of snch ...O - :, VCH&M Fcas of . `t.orn , . and counsel, ald of all other expen:'..0 <br />and ch .._ 2i.D010"s _acid _nod all adva ncPs cnde by the Trustno under <br />- 15 - <br />