University of Virginia Library

Article 1.

Until default shall be made by the said Rector and Visitors,
or their successors or assigns in the payment of any
interest upon the said bonds hereinbefore mentioned and described,
or upon some one or more of them, or in the payment
of the principal of the said bonds, or of some one or more
of them, the said Rector and Visitors, their successors and
assigns, shall be suffered and permitted to remain in actual
and exclusive possession, management and control of all of
the said property hereinbefore mentioned and described, to
take the rents, issues and profits thereof, and in all respects
to use and control the same as fully and completely as
though this indenture were not executed.